Many factored in high cases / death rates and a full lockdown at least until September. Seems like they will be re-assessing. It’s still too early to tell how bad the economic fallout from Covid will be but Trump may also apply economic penalties on China. Whether that will manifest remains to be seen. Provided cases remain mainly zero for WA, SA, NT, QLD, ACT for the next 2 weeks I would expect the domestic flights to start operating in June initially with limited capacity and cheap prices. If NZ proves to have eliminated community transmission I am predicting September for trans Tasman flights. If this vaccine everyone is touting about being ready hopefully in September or end of year then that will be a game changer. I’ve yet to factor in Virgin so not expecting significant rises in SP but hoping it’s enough to buffer it from further falls until Sept.
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