10% drop may become a realityBased on quarterly earnings, I would not be suprised by a 10% decrease,if not Monday, then Tuesday is more likely as it takes a day for the market to wake up.
It would be in-line with their peers.
Of concern is forward earnings for the next quarter, August, as they will miss on the summer travel. General sentiment is not to go on aircraft unless absolutely necessary coupled with the business environment's ability to have remote (virtual) meetings. My corp is not allowed to travel, in fact we find it unneceesary and are doing just fine with Webex and skype for business and it is saving us a ton of cash mitigating these expenses.
I don't have a crystal ball so I could be right or have the missed the mark completely, just my two bits.
Meaningful debate is always appreciated.