Airlines r a great public service, endorsed by Skol.

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Originally Posted by Skol

Well not as much money, but probably more fun.

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I dunno, Up till recently it sounds like being Tiger Woods would have been whole bunch of fun :D

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Originally Posted by Skol

Don't own any airline shares at the moment, sold them. You guys have missed out big time over the last few months, I just work for them.

But being a contrarian I'll buy back over the next few weeks.

The airline industry's great fun, not all plain sailing but that's life, I've had a life most people can only dream about, made some money too!

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Perhaps the Title of the thread should be changed to
"Airlines. Trading of endorsed by smart traders who like a good wind up like Skol":t_up:

Hey Strat,
Nothing like a wind up, especially can't help myself with tricha who started this thread to humiliate me and airlines have been a great performing sector for a while now.
I bought back VBA a few days ago, it's a good one to trade and has been unfairly punished by the volcano bad news, but with an AIR/VBA tie up should perform well depending on the relationship.
There has been a rumour for some time about this.

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Originally Posted by STRAT

I dunno, Up till recently it sounds like being Tiger Woods would have been whole buch of fun :D

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You're right, but only if you don't get caught. LOL

:t_down:

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Originally Posted by Skol

Got your VBA's yet? AIR in talks with VBA.

tricha missing out again.

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Consolidation, or crash and burn. Oil going down will not help Air or VBA, unless they hedged the OZ and NZ $ and anyway oil down is only a blip, 86 million barrels consumed today and it is Finite.

British Airways in record £531m loss

Page last updated at 7:19 GMT, Friday, 21 May 2010 8:19 UK


http://news.bbcimg.co.uk/media/image...4_bastrike.jpg Strike action is expected to further hit BA's finances British Airways has reported its biggest annual loss due to lower passenger numbers, higher costs and the impact of strike action.
The flag carrier lost £531m ($766m) in the 12 months to March - BA's biggest loss since it was privatised in 1987.
That adds to the £401m it lost in the 2008-9 financial year, but is less than the £600m loss many analysts feared.
The results come as BA faces 15 more days of strike action by cabin crew, due to begin on Monday.
Revenues at the airline were down £1bn on last year, BA said, though it managed to cut costs by nearly £990m - a £600m saving coming from lower fuel costs over the year.
BA's chief executive Willie Walsh said that despite the huge losses, the company's efforts to cut costs were a cause for optimism.
But he said the agreement of staff to "permanent change" was essential if the airline was to recover.
Strike impact "Returning the business to profitability requires permanent change across the company and it's disappointing that our cabin crew union fails to recognise that," Mr Walsh said.
"Structural change has been achieved in many parts of the business and our engineers and pilots have voted for permanent change."
It is estimated that strikes by cabin crew in March cost BA £43m. Further strikes due to begin next week are likely to hit the airline's finances even further.
The disruption caused by volcanic ash from Iceland is also likely to have added to BA's losses, though this is not counted in these latest results.

Willie Walsh: "This is a business that needs permanent and structural change"

Douglas McNeill, transport analyst at Charles Stanley, said the ash-related disruption could cost BA an extra £100m.
But despite the problems caused by ash and strikes, the underlying problems of high costs and a fall in passenger numbers were still the major concern, he said.
As well as fewer passengers, those business passengers who were flying were downgrading to cheaper seats.
However, a cause for optimism was that there had been "something of an uptick in demand" from business travel in recent months.
BA also has significant cash reserves that mean it can continue operating for some time despite losses.
The airline said it currently had £1.7bn in the bank.
Speaking to the BBC, Mr Walsh said BA would be "doing everything we can" to reach an agreement with Unite - the union representing striking cabin crew - in order to prevent strikes from going ahead from Monday.
He added that he had spoken to Unite's joint general secretary Tony Woodley and still hoped to come to an agreement.
Mr Walsh said that he believed BA and Unite would be able to come to an agreement, but blamed Bassa - the branch of Unite representing cabin crew - for preventing that from happening.
But he said the airline was ready to operate "significant services" if the industrial action went ahead.

You really do talk a lot of codswallop tricha.
Where do you think AIR gets its fuel in Los Angeles, London, Vancouver, San Francisco etc., takes it with them?
Jet fuel is down heaps in the last few weeks.



Singapore Airlines says Q4 net profit up over six-fold


SINGAPORE — Singapore Airlines (SIA), a bellwether for the aviation industry, said Friday its fourth quarter net profit soared more than six-fold as the global economic rebound boosted travel and cargo demand.

Net profit in the three months to March was 278 million Singapore dollars (197.53 million US), up from 42 million dollars in the same quarter the year before, the company said in a statement.

Together with the 404-million-dollar net profit in the third quarter, the fourth quarter earnings reversed 466 million dollars in losses recorded in the financial first half.

Fourth quarter revenue was 3.34 billion dollars, little changed from 3.32 billion dollars the year before, said SIA, one of the world's most respected airlines whose earnings are closely monitored by the travel, financial

Geez guys, this isn't a pissing contest.

Buy gold/oil when the timing is right.
Buy airlines for a trade when they've been smashed.

It doesn't have to be one or the other...

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Originally Posted by Huang Chung

Geez guys, this isn't a pissing contest.

Buy gold/oil when the timing is right.
Buy airlines for a trade when they've been smashed.

It doesn't have to be one or the other...

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Let's get this straight HC, tricha is a perennial contrarian warning.
Wrong on the POO.
Wrong on airlines.
Wrong on gold.
If tricha says buy it, don't!

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Originally Posted by Skol

Let's get this straight HC, tricha is a perennial contrarian warning.
Wrong on the POO.
Wrong on airlines.
Wrong on gold.
If tricha says buy it, don't!

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GOOD time to buy airlines, what price did u buy back in Skol?

Update on Outlook for the Year ending 30 June 2010

Friday, 28 May 2010

: Virgin Blue said today that the Group now estimates its
reported Net Profit before Tax and Exceptional Items for the 2010 financial year
will be in the range of $20-40 million, compared to previous guidance of
$80 million.

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Originally Posted by tricha

GOOD time to buy airlines, what price did u buy back in Skol?

Update on Outlook for the Year ending 30 June 2010

Friday, 28 May 2010

: Virgin Blue said today that the Group now estimates its
reported Net Profit before Tax and Exceptional Items for the 2010 financial year
will be in the range of $20-40 million, compared to previous guidance of
$80 million.

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VBA down by 28% today.

Skol, you shoulda backed gold....