RE: Nex as always classed as a travel company rather than transport company.4 Mar 2022 12:57
The fuel is hedged into the 12-18+ month horizon, there will be costs coming but they have time to mitigate and plan, increase prices, renegotiate contracts etc. It will hurt of course, thry will not escape it entirely but much of it can be manouvered around.
We need to find a bottom of general market fear in next days and use results as a springboard back to a support base of 230+. Then steady recovery from there in the coming months.