RE:Buy the lows ? Q2 and likely Q3 earnings will identify that the forecasts by airline investor were conservative. FCF and Aeroplan membership is far ahead of forecasts. Debt costs have been pegged at <5% for well over a year. For all intents fleet renewal is complete.
Debt rating is one level below investment grade.
These are facts. Short position proponents ignore facts.
The question does remain, when does one get back in especially with interest rates returning to normal? It will be a challenge to choose to get back in to a business where the stock price does not correlate to the value of the business.