undervalued stock....buy now!!!!, page-21

re: airports are a buy An airline fuel levy increase is not a problem to be concerned with when buying into MAp.

Look at Qantas' fuel levy time line.

May 2004
The main reasons for the jump in the fuel price were continuing tensions in the Middle East and strong global demand, particularly from the United States of America and China.

August 2004
It increased its domestic surcharge from $6 to $10 a sector, and its surcharge on international sectors from $15 to $22 a sector, in August.

October 2004
The surcharge will increase by $2, from $10 to $12 per sector, for domestic travel and by $7, from $22 to $29 per sector, for international travel.

December 2004
The fuel surcharge applied to all flight sectors into and out of Hong Kong will increase from AUD29.00 to AUD35.00. (This applies to all tickets issued on or after 03 December 2004)

February 2005
Effective for sales and travel from 01 February 2005 the Qantas YQ Fuel Levy has been reduced to USD15.00 for all sectors into/out of Hong Kong regardless of point of ticket issue.

China's tourism is building and contributing to passenger volumes.