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  5. EIF: Why do you see the markets react so negatively to the Pal Air agreement with AC, or is it another reason? [Exchange Income Corporation]
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Q: Why do you see the markets react so negatively to the Pal Air agreement with AC, or is it another reason?
Cheers, Chris
Asked by Christopher on June 02, 2023
5i Research Answer:

We would not consider the decline a direct result of the agreement, which we would view as a positive development overall. There was no other news, and the decline was likely just a coincidence. Its move over a longer term (month,YTD) is not overly significant. 

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