This will still be very volatile. To put into perspective Webjet was pulling in $14M in daily sales before the coronavirus pandemic to now only pulling in 250k a week. Institutional investors have committed and got their fair share @$1.70. SP will hover around this price once retail holders get their fill. The uncertainty of how long planes are grounded due to covid-19 will only add to longer term pain. I’m happy to be wrong. Willing to wait at $1.50-$1.70 to enter. All DYOR.
Aus govt announced today isolation period to last for a minimum of 6months. So over the next 6months no non Essential travel to take place.
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