I had a good trade long here a few months back ,however Goldfinger was right if he stayed short ,i just wonder where now ? they don't look to be in great shape .
Just reading in shares that Flybe will see no reduction in fuel cost until 2016 or 2017 at the earliest due to its hedging strategy. I wonder if any other airlines got it so wrong.
Most seem keen to pass the saving on to customers. Just seems strange Flybe have burnt a large hole in their pockets with fuel. ps is the mauve fish wishing the sp up or pulling it down. :-))
I was reading the average age of the fleet is 9.9 yrs (Virgin's average fleet age is 9.7yrs)but there are some very old craft in the list of their fleet. There is two or three 20 yr old aircraft. Mind you not as old as the early 60's bac 1'11s s of the then British world flying out of Stansted in the 90's.