RE: Tomorrow's (Monday) Opening Price14 Jun 2020 11:52
My guess is that the staff , unions, MP's and quite frankly the general public are so disgruntled over this issue over terms and conditions and as it takes only a relatively little proportion to bring the airline to a halt , my money is on the share price to bobble around where it is and possibly plummet as this dispute runs into all out war. One can argue the pros and cons all day long over this issue but , put yourself into these guys shoes - suddenly over years of living to a certain salary, you are somehow going to try to live on and support your family on maybe less than 50% of your earnings? If that's OK then tell me your employers name and I will petition on your behalf that you agree with indiscriminate pay cuts and would gladly take one.
The share price will return to pre dispute levels, but when? I'll gamble on the fall then get back in.
There is plenty of opportunity on much more stable companies at the present at very low prices that do not have disputes. Make money while this sorts itself out.
GLA.