“Visa profit falls 23% as payment volumes plunge”

“The payments processor said total spending decreased 10% on a constant dollar basis, and the number of processed transactions tumbled 13% from a year earlier. Cross-border volume slid 47% as the continuing global pandemic continued to hurt travel demand…”

https://finance.yahoo.com/news/visa-profit-falls-23-payment-202056696.html

Ok so some dots just connected for me. I guess this means no one should expect improvement from visa until around the same time we see improvement from airlines? That’s some really useful information. For now and for in the distant future.

On a side note it may seem like I’m linking to random articles sometimes but sometimes they lead to leads like this. The dots connect once you know background information. This one article alone wont lead to that type of conclusion.