they wont reinstate dividend until possibly 2009/2010 year in my...

they wont reinstate dividend until possibly 2009/2010 year in my opinion.

As Sabre mentioned, the start up costs of V etc were in the order of $60m for 09.

They wont make any money this year and it would be silly for them to pay a dividend unless out of debt.

It is widely accepted they are budgeting for a loss for FY09.

I also think that we should not delude ourselves regarding the current oil price. It will be a major benefit, however, will only serve to reduce the loss. I would like more info regarding the hedging position. As I previously mentioned, they should make $120m on the collar which was never budgeted for, so this is a huge bonus which should be underestimated.

Also, my understanding is that they do enjoy the benefit of lower oil prices, unlike QAN which, in reading the announcement/research, they were stuck paying a minimum $97 for oil for most of their fuel. This is why fule costs remained high. That is my understanding, so will soon see come friday.

And finally, fleet has a value of 60c so there is takeover appeal. WHo knows, maybe Branson may just come back in and arrange to privatise it and/or do a deal with another airline.

I think many underestimate the true value of domestic market once you have infrastructure in place.

Did anyone notice a 3m sell order at the close which was then taken off when it was being matched? It soon followed by some large buy lines.

Now, i usually dismiss manipulation, however, I thought this was very interesting. Maybe some corporate activity coming its way.