Since June, jet fuel spot price is up 24%. From April fuel prices plunged more than 20% only for the sharp rebound towards end of Juneto date to ruin the party. If this trend maintains, half yr results will only show a slight dip on fuel costs. Only significant increase in passenger & cargo numbers will boost revenues above H1 2011 results.
Disappointing figures will likely push the stock sub 12/-
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!