JSCL - agreed on the potential for a fall.
If I was a betting man:
Prior to COVID I’d of put my money into Wizzair rather than Ryanair. Very sharp outfit with costs even lower than Ryanair and an incredibly disciplined model and a bold CEO.
Post COVID (more accurately - in the middle of it) I’d rather put my money into Ryanair rather than Wizzair. O’Leary is being his typical ‘under promise’ whilst privately preparing to ‘over deliver’ self.
I’m seriously concerned that Wizz is taking a very short term approach to this (and going against public opinion in terms of open borders right now) - are they prepared for the cash drain that operating in the current environment is going to inflict? How long will Inidgo Partners allow that? Not to mention the sheer insensitive nature of operating such a cavalier approach when safety should be top of their concerns.