Agreed.Several people on the forum here note the oil hedging at...

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