UAUA can't find a down tick. Why would airlines go up if there is a looming recession, 2007? And go down and file bankruptcy when the market was strong, 2003-2006?
My only rationalizaion is monopolistic practices by keeping fares high and cutting back air flights to keep them full.
Look at MTCT stay up in a down market. The government which always pays their bills, albeit with depreciating currency, is always a safe bet with a company that is undervalued.
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