You’re right and I have actually considered the second airport implications and to me it adds weight to the attractiveness of the current offer, or whatever version of an offer comes along in the short term vs. waiting out for the recovery.
There’s also a host of other factors, big and small, that make this an attractive looking proposition.
As they say “A bird in the hand is worth two in the bush”.
SYD Price at posting:
$7.72 Sentiment: Buy Disclosure: Held