Hard to understandI explained to IBone and JBone that when this thing hit 30 recovery was fully baked in. In fact at 25 it was the equivalent of 50 pre-covid when you calculate accumulated losses and increased share count. Pretty obvious stuff and simple math. The only thing AC has going is the pricing power of a duopoly and I am not sure our politicians will be able to stand the heat should they implement additional protection against competition. The ride could get nasty if the central banks get it wrong as to inflation being temporary. If that happens all bets off as return to pre pandemic travel will not happen.