RecoveryWhat a chance we had; suddently, all the star were aligned.
Since october, the pilot's problem fixation, the positive Q3 results and forecasted yields, the intensive NCIB buying and the surge of US carriers happened almost at the same time. The occurrence of such several sudden tailwinds at the same time is rare.The results is as strong as the SP compression was for 12 months before in the 16-18$ zone.
As many, I took full advantage of the surge (with calls options for me). All this in a strong 2024 positive market to deliver an exceptional portfolio performance.
Enjoy the ride, we don't have such strong years often.
At 26$, most of the ''recovery'' is behind but there some ground left for few dollars before year's end, especially with the investor day ten days ahead.
One day the NCIB will slow, the US carriers SP will stabilize and things will return to a more normal pace (not a negative statement). Recovery will end, place to the growth phase. Time to be watchfull; staying in the game but protecting our gains.