Oil Price Down25 Oct 2023 08:56
With Brent crude now well below $90, you'd think there might be a let up in the SP attrition but I sense that there's a determination by market influencers to push airlines lower. I mean how is the current SP justifiable when the company is so busy, profitable and planning significant expansion. Everyone knows that air travel will increase exponentially in the years ahead, hence the scramble by Boeing and Airbus to build ever more aircraft. The demand is insatiable. At some point the market will have to allow fair value for EZJ and others.