I'm confident that there is a pretty good floor here with some definite upside.
Looking to see them convert some of the CRJ-200 into freighters. They will undoubtedly liquidate some/all of the CRJ-200 fleet and migrate to the newer jets.
I think the relationship with United continues. Liam Mackay was brought on as CFO in early 2021 and he was Director of United Express Commercial Strategy and worked at United for a decade.
Even without the payroll support, they are still showing some solid earnings and are priced at a pretty large discount compared to others.
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