It has been a "busy" week for VBA (share price wise), but all in all, I'm still confident. The SP has done extremely well over the past few weeks, and the market in general was ripe for a pull back (which it seems to have had, or be having).
There are still lots of cards to play for VBA. The Delta alliance is yet to be ratified, for V Australia, (if I am correct). South Africa is still on the cards (and their only competitor there will be an overpriced QAN). NAN (Fiji) has been confirmed for V Australia (tho not the number of seats VBA would have liked). MEL/LAX is yet to start.
From all reports outbound travel from Australia to the US is stronger (with the stronger dollar), yet inbound tourism from the US is somewhat weaker (for the same reason). From the reviews I have read V Australia has a great product, fuel efficient Boeing 777-300's (which are probably perfect for the current economic climate on long haul routes, and no doubt a low cost base as V Australia has been derived from a low cost carrier (Virgin Blue) here in Australia.
Airline stocks are always volatile (QAN has suffered too in the past few days), but AIZ seems to be holding up (which surprises me)
I would love to know who Brett Godfrey's replacement is going to be, but I'm sure that will come in due course, and could really send VBA higher. (My money's on Peter Gregg (ex QAN, or someone else ex QAN ( not Dixon lol))).. but that is pure speculation on my part.
I'm holding, and will continue to do so.
VBA Price at posting:
50.0¢ Sentiment: Buy Disclosure: Held
