RE: why the downward pressure19 Oct 2021 13:18
Downward pressure due to covid?! This is priced in, unless biden has another opening policy and delays it for travel due to covid (but usa cases are dropping so I don't see why he would).
The reason for the drop is the fuel prices, have a look at all travel, RR are holding up well for now, it impacts the bottom line profit of the airlines, so RR is suffering as part of that risk, albeit less so.
The fuel issues are a short term pressure, the market will price this in, the fuel prices will come down and then it's yesterday's news.