IMO. she does now spin into short term trader's radars atm but I suggest most will wait for a really bad day.
That being said, with their oil price, they have incredibly low margins; this coupled with plunging consumer sentiment (discretionary spending) drags her even further down.
VBA is about to sack approx. 400 employees - look at QAN and even more so, Tiger Airlines - its a terrifying business in recessionary times.
They are very vulnerable to a takeover hence possible speculation and potentially, wild short term volatility.
Fiscally, they are in enormous trouble even though they state they will not raise capital; typically, the Branson brand would rather mortgage aircraft than go down that path it seems.
I am keeping an eye on her.
IMO. she does now spin into short term trader's radars atm but I...
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