These low share prices can be attributed to the following:
-Record oil prices
-Industrial upheaval at QANTAS. Remember, MAP has some 79% interest in Sydney Airport, and air traffic would be greatly affected by this issue. Especially with QANTAS cutting staff and reducing the number of routes.
-Virgin on the brink of collapse. Trading around 90c.
-Slowing world economy = less tourism = fewer air passengers = less air traffic.