Back at Pre Pandemic levelIt's interesting. We are now back at pre pandemic levels for AC. Will this level hold? The scenario is much different this time. We have inflation but we have air travel ramping up instead of down. Yes expenses will rise but so will fares to help mitigate. More and more people are out and about everywhere - so there is still spending even though things are costing more. It's just a weird dynamic. It will be interesting to see how it continues to unfold. I don't see any panic selling yet. It's an orderly unwind at the moment.
Just some observations. Glta