Agreed.
Several people on the forum here note the oil hedging at $112, but don't seem to understand that this is using OPTIONS - so it effectively puts a ceiling on the price, and VBA does benefit from the falling oil price, but is insured against higher prices. Shares888 got it right.
FL - your risk assessment is very good. Personally, I don't see the foreign ownership rules as a big deal at all, nor do I think it's a bad time to launch V Australia. The trans pacific is probably the most profitable route in the world, severely under serviced by existing carriers. It's now been postponed to Feb 28, which I think is a good time. Get up and running before the (northern) summer season.
BTW - you missed a positive - their primary competitor can't even drive buses without crashing!! LOL
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