The only main reason SYD is so cheap right now is the border closures.
The mistake people make is they directly link unemployment figures to travel.
When they get on top of the virus and there are travel bubbles with NZ and some of pacific nations less impacted by Virus, SYD will shoot up back to over $7 where it was around mid June.
People who have been in lock downs and have avoided travel for so long will flock to the airport to go to different places.
In my personal opinion one of the best buys right now is SYD to cash in within the next few months. I anticipate a SP around $7.50 not long from now
Why has SYD held up so well in the current economic enviorment?, page-28
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