Thanks MarsBars - I was starting to second guess what I thought...

Thanks MarsBars - I was starting to second guess what I thought I had heard and the tone in which it was stated. Glad I wasn't the only one...

The other comment that got to me as part of their answer to the M & A question was about their focus on preserving cash and making the company the most attractive for potential shareholders...like they are setting themselves up as a t/o target.

Ah well, time will tell! pretty mundane reaction to what has been a pretty decent spate of news lately;
- numbers up on October stats (when QAN dropped)
- inclusion in ASX200
- new planes funded
- cash preservation focus
- $50M cost saving initiative
- No real impact from fuel collar offset by forex gains
- Debt situation looking all locked in and fine
- No need for cap raise
- V economy seat setup looks miles better that the alternative for existing US leg when it kicks off - more room, wider seats, full bed in Business and private rooms.
etc etc.