@muse86 Another con is because of Government's directive they rolled back the earlier 25% pay cut across board, now only top executive's are taking the cut voluntarily. If lockdown is extended or passenger air travel is curtailed even with social distancing norms etc being in place, revenue will take a big hit.
Positive is Indigo will be the last strong man standing, Spicejet without Government support is not going to survive due to the debt it carries. Tata might still stick around due to emotional reasons and not financial reasons.
I was a shareholder for last few years, got out around 1200/-
Around 700/- is the lifetime low, bet it will go there and then we will be in un-charted territory. Should keep a watch to buy but time to pull the trigger is not yet there.