No worries BP, I actually take very small position on AIR. The company won't disappear, and will recover once the world return to normal.
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How did they survive after Sep 11? and oil price over $100 per barrel prior to GFC? and during GFC? It's not the first time AIR face challenges, but they went through and SP reached new high at $3.83 in August 2017.
I love everyone like you, extremely pessimistic, and knock down SP to 25C.
Investment in Ansett weakened their balance sheet but the real issue was the collapse in demand after 9/11. Demand is collapsing worse this time and will be more sustained.
Delta CEO just came out on Friday this week and said they'd never seen a demand collapse like they're experiencing at present, not after 9/11, not during GFC, NEVER before.
Yeah, buying at the bottom of the cycle is smart, that's the one thing we seem to agree on. Good luck for tomorrow.
No worries - the rich and famous are going to be looked after
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In the last two months in China around 44,000 have died in car accidents and 3,000 with CV19.