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Old 10th Mar 2007, 23:38
  #309 (permalink)  
KittyBlue
 
Join Date: Sep 2006
Location: Australia
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re: huge profit

A major reason why VB has made a huge profit, is that they hedged the jet fuel at (using a nonspecific figure) $60 a barrel thou budgeted $80 so every barrel used they profited $20 dollars.

So the profit as such is more a saving than anything else. Hedging only started recently that why there is an increase of $$$$. Funnily enough the share price sky rocketed above the initial float price.
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