Q: Hello Peter, Ryan, and Team,
Wondering if you think it's still worth putting some money into the re-opening trade via one of the airlines. I'm considering reducing my position in REAL in order to do so. Although REAL is relatively cheap right now, its price trend is still moving lower. I know you like Southwest Airlines, but Air Canada's share price is nowhere near pre-pandemic levels, while LUV is already there. I have been reluctant to invest in the airlines, as I'm convinced that business travel will never return to the same levels. Many companies have finally realized it's often unnecessary and that cost-effective, technology-based alternatives are preferred. However, I think the pent-up leisure travel demand will likely make up for this on a short-term basis. Can I please have your thoughts?
Thank you.
Brad
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Asked by Bradley on March 12, 2021