if we assume revenue will roughly align with reductions in flights (90% international and 60% domestically) then revenue is likely more than half. I doubt webbeds revenue is going to up.
based on this web is going to report huge losses in the next two half yearly reports. Cost savings will be marginal especially for a web based company. They ortwill slow down or stop projects and maybe get rid of a small number of bodies, but I doubt this will be enough.
I maintain there will be opportunities to pick shares up at a significant discount to the current price. My guess is the bottom will be just after the annual report. They will have a huge loss to report.
WEB Price at posting:
$4.24 Sentiment: Sell Disclosure: Not Held
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