Ann: AGM MD Address and slides, page-18

The one question mark I'd have is 'how badly will LAU (and competitors) be affected if there's a recession/spending downturn after Christmas 2022, and it's more marked than usual?'

LAU carries much fresh produce, and we have to eat, but what about supermarket dry goods that are partly discretionary purchases that you and I can reduce if we perceive harder times?

Wiil this mean LAU has expensive road and rail transport equipment idle?

So far, no public sign of that, but it's no guarantee it won't occur. Jury is out.

Economists, as always, are split, with some claiming we will avoid a recession.