Erm my 12 months target price is set at rm4.40. Well oil price is the main factor in determining their earning but they have a good track record in their oil hedging activities and strategy so i dun think its shud b a big problem. Look at their competitor MAS, reported losses in 1st half 2011, but airasia still can generated profit at the same time. And remember, a company can success is because of the peoples who running it behind but nt the company itself.