Overdone drop, to say the least IMHO. Fuel is about 20-30%15 Mar 2023 12:31
of the cost of running an airline apparently. So apart from the already reported passenger high demand the airlines are benefitting from the drop in fuel costs too. Brent crude has sunk to $76.......................................!
Obviously some holders have had to sell because of the banking debacle. But at these prices it won't be long before others are happpy to take their place.
All IMHO.