Well, in GFC SYD dropped around 70% and the airport was open, not much change to flying right? Now the airport is almost closed, no international flights for long time and we're down about 40%. I think SYD should go to $3 or under and the chart supports that too.
Don't forget that it will take years to get to pre COVID numbers so... I think there are other opportunities.
Why?, page-10
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