AmInvestment Research expects the recovery in the air travel industry to be bumpy given the uncertainties surrounding the reopening of borders and urgent need for airlines to recapitalise their balance sheets.
KUALA LUMPUR: AmInvestment Research expects the recovery in the air travel industry to be bumpy given the uncertainties surrounding the reopening of borders and urgent need for airlines to recapitalise their balance sheets on the massive losses they have suffered amidst a collapse in air travel since the pandemic.
The research house said on Tuesday it was maintaining its Sell recommendation on AirAsia after the low-cost carrier disappointed in 1QFY20 with a core net loss of RM502mil vs. its full-year forecast and the full-year estimates of RM1.48bil and RM1.05bil net loss respectively.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
