Qantas has been one of the best performers on the market in the last 12 months, largely due to much lower fuel prices.
SLK will benefit from exactly the same trend. Management have said that fuel (diesel) contracts were hedged up until now, meaning that falls in fuel costs were not fully reflected in results up until now.
Diesel prices are approx 20% lower than this time last year, so a nice free kick in the results coming up as a result will be seen in the bottom line earnigs as a result of the savings
SLK Price at posting:
$2.30 Sentiment: Buy Disclosure: Held
