A credibility issue arose to me btwn the annual report & bloggers, whereby the last annual report indicated 51% hedge to Mar. 2015. So when were the 80% hedges done? Since I'd like to rely more on the annual report..

At 80% hedge then it means for every 100 bob KQ spent on fuel it is now spending 90 bob? A wild guess of efficiency of the 'youngest fleet in Africa' of 15% gives 67.5 bob.

Heh, the fuel drop is/was the easiest trick in the book. Now, it will take deep scalping. Those new routes better be worth the hustle.

Let's see.

Everyone here knows I liquisated KCB.. I am highly liquid :)

It could not go below 20, then it could not go below 18, then it could not go below 15, 14, 12, 11, 10, 9... and now 8.

he could not talk of a bailout on a national television, the panic resulting to such a bladder could have wiped out any remaining hopes, going under is usually a well hidden secret by managements until hell breaks loose,in fact in most cases its creditors who move in.imagine a company without cash reserves??