The stock has begun to rebound, as we have now a better visibility on reopening plans.
So, this is obviously good news for their new fleet, supposed to be used mainly for wet lease.
Interesting perspective by Richard Ivers (fund manager) :
"When the E190 are deployed, earnings per share should be around 40 c (vs 21 c in 2020-2021)...that puts Alliance on a forward PE of about 10 times..."
A rather unique case in the aviation industry, page-5
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