The currency exchange rate can have a huge impact on earnings.
As we saw with April to December earnings, there are a lot of cases where earnings are coming in above forecasts ... companies are giving conservative forecasts, so I think full-year earnings will also beat forecasts.
I think a lot of this is probably speculative buying.
It is only natural that people want to take some profits, they have been making a lot on money lately.
Unless the company restructures thoroughly under the new management, the future of the airline will be uncertain.
Extremism in the defense of liberty is no vice; moderation in the pursuit of justice is no virtue.
Marcus Tullius Cicero
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