Virgin Blue to shed 400 jobs ....

[tsalta]

Hey Spart,

You are a bit highly strung aren't you?

I don't really give a toss whether they used swaps, collars, condors, swirly swizzle sticks or any other exotic method of hedging.

The point is that the intention of hedging is to control the average cost of jet fuel. What VB embarked upon was gambling with shareholder funds on the futures market and is typical of the cavalier attitude displayed by the company.

If you have been through the statement so closely, would you mind explaining to me where the 60 million profit is? You are a better man than I if you can find it.

tsalta