PPRuNe Forums - View Single Post - Merged: A330s for VB - Sth Africa and Phuket gone for VA - pick up Abu dhabi
Old 26th Aug 2010, 03:50
  #13 (permalink)  
43Inches
 
Join Date: Oct 2007
Location: Aus
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Ozangel,

The A330 and route consolidation is a good step in the right direction but the rest of the financials were not as good.

The Domestic underlying profit was $120 million but only $20 million has been during the last 6 months since the stimulus money has worn off.

The $800 million cash position is not from operating revenue but $240M from share issue and further savings on sale and lease back arrangements with new aircraft.

Take out the unusual one off items and profit/cash flow is where it was last year.

Hopefully things do pick up in the economy over the next six months and next year will be a good read.
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