RE: Only hold 1 tranche now as decided to offload19 Aug 2022 23:32
elliotc.
Hi. I was hoping the airlines were going to do a CCL, as in the market finally realised their business was returning fast and so the sp took off. I think (it's pretty obvious) the airlines, as in IAG, WIZZ, EZJ and Jet2 are extremely busy, however the market has not, as yet come to that conclusion which frankly is mystifying. OK there are staffing problems but the bottom line is the planes are RAMMED with fare paying customers, instead of being parked on the tarmac due to covid. Today the airline sp's have dived 4-6% which is shocking. Maybe to do with Cineworld shares crashing 58% and they are in the same sector for some strange reason. Inflation maybe the other reason but that is old news.
Crude oil is about 8% lower than it was a month ago and the airlines are busy as hell so this situation to me is crazy. Highly suspicious in fact..................
Unless some more solid reason comes to light before Monday I expect the airline shares to bounce back to where they were before the bell today!
All IMHO.