I previously held EVT but sold a long time ago for around A$11.60. While I used to think I'd made a mistake, now I'm not so sure.
Australia's Chief Medical Officer said this on Sunday Jan 10:
'...Chief medical officer Paul Kelly said on Sunday it would likely to be the second half of the year before federal and state governments started to ease health and border restrictions...'
If true, it will have extremely serious ramifications for the balance sheet of almost all airlines that (previously or currently) serve(d) Australia.
QAN and Virgin Australia especially. Disastrous for finances.
But also bad for EVT. Rydges Hotels will inevitably suffer. So will QT.
Amazing that five of the six State Premiers (the sole exception is Gladys Berejiklian of NSW) want to continually 'work' to destroy Oz's tourism and interstate transport sectors, plus be unhelpful to the hospitality industry.
I previously held EVT but sold a long time ago for around...
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