What’s the operating profit/loss?
For the full year it was an operating profit of $47.6m for the year, but an operating loss for the final quarter of $31.5m. They announced yesterday that they anticipate a loss for the first quarter of this year, and also for 2006 overall. They blame fuel prices, which is fair enough, suggesting that their business model is suited to $40-45 per barrel, but currently they’re paying $70 per barrel. However they also stated that last year they had a 7% increase in Revenue per Avaliable Seat Miles, whilst capacity increased 25%!!!