No meaningful recovery yet for aviation : vimarsana.com

No meaningful recovery yet for aviation


Hong Leong Investment Bank’s (HLIB) researc arm is maintaining its “sell” calls on both AirAsia Group Bhd and Malaysia Airports Holdings Bhd (MAHB).
PETALING JAYA: It’s not yet light at the end of the tunnel for the aviation sector as it continues to undergo turbulence amid closed country borders and social distance measures.
“We expect a prolonged impact of Covid-19, especially on international travel, affecting the profits and margins of the sector, ” Hong Leong Investment Bank’s (HLIB) research arm told clients in a report yesterday.
It said based on current developments, it expected domestic travel within Asean countries to remain suppressed until end of 2021 and only gradually recover by mid-2022 with international borders opening up at the same time.

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