In a recent update, HLIB Research has given a resounding thumbs up to the aviation sector, maintaining its overweight rating and predicting a lucrative 2024 after a robust recovery this year.
The research powerhouse predicts a dazzling future for the industry, citing a surge in air travel demand, especially from international segments driven by the behemoths China and India.
According to HLIB, the sector is poised to reap the rewards of a double whammy – the expected depreciation of the US dollar and a decline in jet fuel prices. This winning combination is set to catapult the industry’s profitability to new heights.
HLIB predicts that as global activities and international travel requirements normalise, ASEAN travel demand is already bouncing back, and non-ASEAN international travel is catching up fast. Next year will be dominated by the…
