RE: Down13 Apr 2024 11:39
I think yesterdays sell off was mainly because of news that Iran might attack Israel this weekend, hence the sell off just in case this happens. If it were to happen it would mean WizzAir would be force to cancel all of their flights to Israel again, they only began to resume their flight schedules to Tel Aviv last month from several European cities.
I also think that this keeps the SP down as Wizz was the largest airline company operating to and from Tel Aviv. Now loosing most of that capacity and continuing threat of escalation would bring it down even more.
Thats just my opinion
good luck all