Originally Posted by
Poet
It does look cheap, but remember that they are still working through a huge pile of what they laughingly refer to as 'credits'
When they cancelled flights due to Covid, they held on to as much of customers' cash as they could which means that post pandemic they were able to boost the cost of fares significantly due to their customers being captive (due to not being able to spend the credits elsewhere)
A lot of resentment out there in customer-land so watch out for a backlash once credits are used up, both in loss of customer loyalty and in loss of pricing power
The credits are obviously not cash so watch cashflow as well.
Wealth effect of housing market no longer present - splurging on travel maybe a little less the next few years
RB engineered recession on the way.
Overall, I'd say be cautious