Do not think there will be a please explain from the ASX!
VB released preliminary operating statistics for January and the year to date figures. These exceeded market expectations in the downturn in aviation as a result of the global economic crisis.
This has increased investor confidence that
VB is appropriately managing the shift in consumer demand as evidenced by the capacity adjustments over the coming months. Coupled with
VB's cost reduction methods of late last year and those for the remaining fiscal 2009 as well as the company strategy to "hoard cash", the market has confidence that
VB will be well placed to "ride out the storm".
Now before everyone jumps in and says "V Aus, V Aus, V Aus, the rope around the neck". Remember that plans are in place to manage V Aus as a negative cash flow operation for at least 18 months.
I am certainly glad that i do not take advice from the "negative news team" here at PPruNE, i focus on facts an figures in my decision process.... hype and hysteria, partially media driven is what keeps people affraid and prolongs the period of recovery.
Lets keep the negativity limited to actual facts...not in the realm of armchair specialists!
Regards and safe flying!
Ratter
