Debt-free Balance SheetA zero-debt balance sheet with sizable equity materially lowers financial risk and increases strategic optionality. Over 2–6 months this supports disciplined investment, dividend capacity or opportunistic M&A, and provides a buffer to absorb demand shocks without refinancing pressure.
Sustained Revenue RecoverySharp multi-year revenue recovery indicates restored demand and improving market traction. Sustained top-line growth can enable operating leverage, support margin expansion and fund reinvestment, making future earnings more durable if current demand trends persist.
Positive Free Cash FlowConsistent positive free cash flow in recent years marks a structural improvement versus prior cash burn, enabling reinvestment, shareholder returns or balance sheet strengthening. Durable cash generation enhances resilience to cyclicality in travel demand over the medium term.