Where we are now!
I’ve never been a believer in investing in airlines. Seen AC go through bankruptcy too many times. I shorted this stock at $50 as soon as a SAARs like syndrome raised its head. Traded it all the way down (would have been further ahead to just ride the short position) until the financing. Since then I’ve traded it from both the long and the short side. Right now my view is that airliner traffic is up from the previous reported Q. I glean that from simply looking up at the sky and comparing jets in the sky now vs what was flying in May/June. Planes seem about 75% full based on reports from friends who have taken flights. Don’t know what people are paying for a ticket but its likely more than they paid in the last Q? Therefore, barring another immediate wave and lock down, the general direction of the business as compared to last Q seems “better”. Perhaps then there will be a modest upward bias in the trading range of the share price for now (not today).