Originally Posted by
bingobob777
Fuel costs down 30% is a one hit wonder, they'll need a lot of enhancements to make up for that falling out the figures in future years.
well in fairness if you look at the presentation they are still paying substantially more than current spot rate as their old hedges unwind, so there is a fair amount to fall still, albeit once converted to £, much of the benefit will be lost in adverse currency movement.
Overall not a bad set of results. The revenue decline is in line with Delta - a very well run airline also - and AA. Not unsurprising really as the warning signs of a downturn in the sector have been there for quite a while.