SIA could be biggest winner as larger airlines lead gains from air travel rebound
WITH Taiwan, Japan and Hong Kong having dropped or eased border restrictions, airlines are ramping up capacity to capture pent-up demand for these hot tourist favourites during the year-end holidays.
Investors should, however, be cautious about jumping into airline stocks. Analysts said that many of the region’s listed airline groups could continue to struggle for a while, as they face hurdles rebuilding their businesses.
Pangolin Aviation Recovery Fund director Mohshin Aziz, for one, told The Business Times that the likes of Cathay Pacific would require time to pick up the pieces, as shown by peers operating in geographies that have already thrown open their borders.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Asia’s first spot Bitcoin and Ether ETFs gain in Hong Kong debut
Cromwell E-Reit posts 10.2% drop in indicative Q1 DPU to 3.505 euro cents
Bangkok airports set for US$4.8 billion expansion as tourism booms
Prudential’s Q1 new business profit down 2% at S$743 million
Hong Kong team plants seeds to safeguard legacy grains
Singapore Airlines could post highest-ever earnings of about S$2.7 billion for FY2024, says analyst