Forum Archive Index - January 2001

["Malcolm Eves" <malcolm@easternasset.co.nz>]

My info says that every US1c/US gallon unhedged improves AIR's NPAT by around NZ$10m. Insignificant? Singapore jet kero is down11%, The NZ$ has climbed a further 5% recently against the US$ into which 44% of AIRs operating costs are denominated. Well maybe you are right.

 

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