I disagree. As they've said in their investor calls, the majority of their income actually comes from domestic and regional travel... and alot of that came from the US and the UK. The US (from peak) has reduced active cases by approx 2m cases, and the UK by 1.4m (only 600k cases left). I suspect that once these regions open back up properly, there may well be a bounce in intra-national travel activity which should help JAY. Could be an opportunity here.
Ann: Quarterly Business Review and Appendix 4C, page-6
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