RE:RE:RE:Some toughtsAbout the flight hours are your numbers looks like these ones from RadarBox (obtained via CIBC dec 04 weekly report) ? :
Business Jet Traffic Up 4% W/W: As of December 1, the seven-day rolling average of global business jet flights came in at 10,566, up 4.2% W/W from 10,139 a week ago (November 24). Business jet traffic was up 29% compared to the same week in 2019 and down 4% Y/Y.
I am not bothered by the 4% drop VS last year if I am still up by 29% compared to pre-Covid 2019.
Remember that Bombardier built between 125 and 139 Intermediate and large Biz jets every year between 2016 and 2019. So, the planned 140-145 deliveries in 2023 is largely below normal level given the actual 29% higher activity rate of biz jets..
But yes, the actual frenzy will end sometimes but the 2 years backlog will sleek (smooth) any return to normal. My objectives are only for the next 3 months, which will be full of events. Will the SP be at 60$, 70$ or 80$ in march?
For the longer term, watch the BBD859 forecasts, they show how far could go the Bombardier's recovery.