Yes, that’s about right CDRW (though I seem to have in my mind a S$850 million profit) and I would guess that right now the "Strait Lies" editorial team will be receiving a government brief to run stories, double quick, about the dire effect of the present oil price “spike” on the future profit prospects of SIA – omitting to mention, of course, that far worse “spikes” have occurred over the past thirty years and that the airline is extremely well hedged on fuel costs for the next eighteen months!
Must have any facts blurred, that stand in the way of the required pay cuts all-round (except for Singapore government ministers, of course)!
Last edited by Insider107; 2nd Jun 2004 at 08:12.