The Market Cap of Airlines Trading Below Their Prior Peak in Sales

The market cap is basically what to go with the market cap being as low or lower than their prior peak in sales. So I didn't realize that, you know, we just looked at it There's a company that on average has had we can go back to the 1990s in a much tougher industry Right when others sometimes had combined had these expense ratios that were at a hundred and five hundred seven whatever. They were operating at still a slight profit. It's as if these things were trading below book as if you had a bunch of insurers that are making a lot of money trading below book. That just doesn't seem logical.