Mrs Nomer, I agree with you 100%.
The way airlines are doing business now, particularly with regard to lease/financing has totally changed the market in the last few months alone.
Having the $AUD below $US 0.70 will only add to their pain for future leases.
Delays with VA, refunding of tickets, rising costs, the US economy in recession and the Americans in their usual mode of panic may see VA a short lived entity that may very well suck
VB dry as mentioned.
People will not travel to the US as easily as they did when the dollar was close to parity.
Cash flow is becoming a real and large problem for
VB and they will need every cent to finance VA, let alone cover their losses for a few years.
Share price down to 27.5 cents today does not help as the market has risen about 4 % but
VB's shares are down about 8% today in a rising market.
Good luck!!
