QAN 4.53% $6.46 qantas airways limited

i do not understand, result was very impressive, QAN are hedged...

  1. 259 Posts.
    i do not understand, result was very impressive, QAN are hedged for fuel for 70% of anticipated needs for 2004/2005 at $32 (plus can increase fuel surcharge which they will surely do as BA have done) and management have flagged they believe they can improve on this record result next year......so what do the shares do, drop 5%..........usually when management flag a good outlook for the year going forward thats a good thing...........can someone explain to me what i am missing?
 
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