With news over night that United airlines will lay off upto half of its entire wirkforce being 36,000 people the analysts now have this new information to plug into their models.
The industry has seen the prospects for recovery dim considerably in the last two weeks as the US recognises that it is still in the very early stages of the C19 journey.
I am still expecting sub $3 here.
10x
United sending layoff notices to nearly half of US employeeshttp://www.copyright link/business/transport/united-sending-layoff-notices-to-nearly-half-of-us-employees-20200708-p55acp?btis
SYD Price at posting:
$5.41 Sentiment: None Disclosure: Not Held