PPRuNe Forums - View Single Post - Merged: Virgin Blue Share Price - how low can it go and for how long?
Thread: Merged: Virgin Blue Share Price - how low can it go and for how long?
View Single Post
Old 8th Jul 2008, 22:35
  #67 (permalink)  
desmotronic
 
Join Date: Oct 2004
Location: planet earth
Posts: 418
Likes: 0
Received 1 Like on 1 Post
A year ago AUS$1 would buy US$0.70, now US$0.95.

So 1 year ago US$90 barrel of oil = 90/.70 = AUS$128
Today oil $145 barrel = 145/.95 = AUS$152

The sky is not falling for australian airlines.
desmotronic is offline  
Reply