RE: 97% drop in traffic in April26 May 2020 10:18
Quite simply because when sentiment improves as it is now, weaker players will be blown off course and WIZZ will be the go-to operator. The lack of competitors will see margins improve. The steady and forward thinking path it has plotted during this crisis will serve it well while BA is in disarray. I was going to sell at £23 as I like WB saw airline travel as finished. Today my WIZZ holding is 38% in profit. I might offload some as a hedge but see further climbs in the SP ahead as sentiment lifts.