Chinese recovery is a lot slower than expected.. last week Qantas suspended their Shanghai route due to low demand. We need the Chinese to come back to see a turnaround, at the moment they are favouring domestic travel just like aussies did when restrictions first lifted here... Tourism Australia predicts 2025-26 for a full recovery at the moment it is 49% of 2019 numbers.. hopefully this can increase to at least 75% by year end. Skydive is heavily reliant on Chinese numbers, it has only returned to 55% of 2019 numbers.. a plane full of passangers significantly boosts earnings vs a half full one.
Owning this stock has been frustrating especially seeing all the other travel stocks on the asx rocket up since covid.. but at some point this will turn around I believe.
Chinese recovery is a lot slower than expected.. last week...
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