Post Covid recovery thesis (ASX)

Travel and hospitality have been hit really hard during covid, and while the situation appears to be stablized in Australia and New Zealand, i believe the risk/reward ratio of some of the travel related stocks are on point get recover reasonably. The two in my spectrum are New Zealand Airline and Webjet.
New Zealand Airland - I dont think they will go bankrupt in any circumstances...given its kidda national airline for the kiwi.
Webjet - a web based travel agency in Australia, very little opex, managed to tighten their expense even further during the lock down period.

For both of these picks, moving average are on the uptrend >> 10ma>20ma>50ma>100ma, the risk reward ratio are both above 100%. I believe both of these are great long term pick for recovery, especially Web which burns much less cash versus AIZ .


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