Aviation industry likely to see earnings soaring next year - News Summed Up

Aviation industry likely to see earnings soaring next year


PETALING JAYA: The aviation industry is expected to see further earnings growth next year after witnessing a recovery in 2023. According to Hong Leong Investment Bank (HLIB) Research, the sector would benefit from the increasing air travel demand (especially the international segment driven by China and India sectors) in tandem with the reinstatement of aircraft to cater for the higher demand. “The expected depreciation of the US dollar and declined jet fuel prices will improve the sector’s profitability,” it said. HLIB Research said MAHB’s FY24 would likely be a new record performance given the expected higher air travel demand and higher airline capacitie. It added that Capital A would be able to take advantage of the increasing air travel demand and has been raising its frequencies to China and India.


Source: The Star December 25, 2023 17:09 UTC



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