Recovery Time, page-32

It would be interesting to see what % of sales FLT made from trips to Europe and USA at this point (might be in some revenue breakdown, but not that interested in the stock yet). FLT's issues are compounded in so many different ways - closure of international destinations, struggling airlines reducing competition and pushing up prices, unemployment leading to lower expendable income, general sense of caution by the Government saying we won't be back to "normal" in the near future, unfavorable currency exchange rates etc. etc. the list goes on. The continued downside here should not be under estimated when you look at it from a macro level.