Elaborate please...what do you see that we dont see?

Their operating performance may be good for now...but their foreign currency hedges are not..
look at their consolidated statement of comprehensive income for more details..

You guys dont know what u are talking about yes wait for Q2...come Monday i will be laughing all the way to the bank.

the DOW is now 11444 and heading record 11500, now that KQ is largely driven up by foreign activity, fuel now $87 a barrel having hedged at $76. Dollar now 80, tourism season bullish H2 eps above 3.5 forward pe 6.6. Sell to me tommorow and i will wait 20% gain for xmass.

The 'unrealized' losses did not affect IMMEDIATE cash flow but will drain cash going into the future unless oil prices 'rise'... [KQ has enough cash to pay off the hedges. KQ generated more than enough cash in 1H to pay them off]

These 'losses' will flow through the P&L account as they unwind but (hopefully) KQ can make more 'real' profits with the increased operations/flights during 2H... [If the hedges 'increase' in value for KQ then the losses on the hedges will also decrease]

I liked the results BUT I was not blown away... [I was expecting 3.60 not 3.11 but see below...]

The expenses had an additional 500mn for a leased plane that was returned... This is a one-off from what I understand... So if I were to 'add' that back to PBT then we have a decent set of results...