based on the preliminary final report and ceo's outlook its reasonable to think that they should deliver a profit for FY09 similar to FY08, eg NET $98 million...
they are predicting $50 million in operating savings in FY09 but against this is the launch of V Australia, first year losses forecast $55 to $65 million.
they increased fares twice to cover the rising costs of jet fuel when oil was approx $145 USD a barrel, i dont think they have reduced these fares now??
a result similar to the year just gone sees this trading at a very low PE (around 5), seems very cheap to me, especially if oil continues to ease.
based on the preliminary final report and ceo's outlook its...
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