Aviation Industry (incl Maintenance, Repair & Overhaul)

Re: Aviation Industry (incl Maintenance, Repair & Overhaul)

Postby behappyalways » Wed Nov 18, 2020 6:57 am

Bill Gates says more than 50% of business travel will disappear in post-coronavirus world
https://www.cnbc.com/2020/11/17/coronav ... -term.html
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Re: Aviation Industry (incl Maintenance, Repair & Overhaul)

Postby winston » Thu Jun 17, 2021 10:23 am

GLOBAL AVIATION SECTOR – RESTARTING TRAVEL

As highlighted in our earlier report, Aviation – 2021: A year of recovery (published on 14 Jan 2021), we have turned more positive on the aviation sector and expect a gradual recovery in 2021, particularly strong in 2H21, supported by progressive reopening of borders and vaccination programmes.

We believe that
(i) the recovery in 2021 will be led by leisure travel due to strong pent-up demand, but remain cautious on business travel which is likely to take another 12-16 months to recover;
(ii) domestic travel will lead the recovery while international travel will take a longer time to recover due to headwinds from border controls and travel restrictions;
(iv) vaccines and easing travel restrictions are likely the key drivers to resume international travel.

Given the fast rollout of vaccination in the US and extension of pandemic relief bill, domestic travel demand in the US continued to strengthen and is expected to recover to its pre-pandemic levels by end of 2021 or early 2022 based on IATA’s forecasts.

This is likely to benefit airlines with higher domestic travel exposure such as Southwest Airlines [LUV US; HOLD; FV: USD66] and Delta Air Lines [DAL US; HOLD; FV: USD55].

While both are HOLD-rated, there is still upside potential of 16% and 21%, respectively. As vaccination rates pick up and borders reopen gradually, Delta is also poised to benefit from the resumption of international travel.

Within Asia, China remains the bright spot which is one of the few countries where domestic RPKs have jumped above the pre-pandemic levels, benefitting from a shift in preference from international to domestic travel.

We believe that China will continue to lead the recovery in 2021 given China’s large domestic market and swift vaccination program. As the focus shifts to the timing and robustness of the recovery in international travel, Air China [753 HK; HOLD; FV: HKD6.50] (~7% upside) will benefit the most from the recovery since it has the largest exposure to international market among the “Big three” Chinese airlines and owns a 30% stake in Cathay Pacific Airways.

We like SATS [SATS SP; BUY; FV: SGD4.84] which is a beneficiary of vaccine shipments as a Certified pharma handler, strong cargo demand, a gradual recovery of travel demand ahead and its non-aviation business (44% of FY21 revenue) across Asia could provide some buffer to the loss of income from its aviation business.

Sustained recovery in domestic travel

International travel will be the next phase of recovery as vaccination momentum picks up

Strong pent-up demand for travel

Source: OCBC
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Re: Aviation Industry (incl Maintenance, Repair & Overhaul)

Postby behappyalways » Tue Nov 16, 2021 10:01 pm

Why is air cargo suddenly affordable relative to ocean shipping?
https://www.hellenicshippingnews.com/wh ... -shipping/
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Re: Aviation Industry (incl Maintenance, Repair & Overhaul)

Postby behappyalways » Sat Dec 18, 2021 9:56 pm

Air Freight Rates Soar To Record High Amid California Port Crisis
https://www.zerohedge.com/markets/air-f ... ort-crisis
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Re: Aviation Industry (incl Maintenance, Repair & Overhaul)

Postby behappyalways » Tue Dec 28, 2021 9:03 pm

雙11貨還卡倉庫...機場防疫升級空運恐更塞 貨運價沒有天花板?急單衝到每公斤700元|非凡財經新聞|20211228
https://m.youtube.com/watch?v=wsiXCoxqowA
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Re: Aviation Industry (incl Maintenance, Repair & Overhaul)

Postby behappyalways » Thu Feb 17, 2022 8:50 pm

Air Travel Faces Long-Haul Flight To Recovery
https://www.zerohedge.com/economics/air ... t-recovery
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Boredom Strikes! 07 (Oct 20 - Dec 23)

Postby behappyalways » Thu Mar 31, 2022 11:08 am

Cathay Pacific Airways Secures World's Longest Flight As It Now Avoids Russian Airspace
https://www.zerohedge.com/geopolitical/ ... n-airspace
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Re: Aviation Industry (incl Maintenance, Repair & Overhaul)

Postby behappyalways » Wed May 18, 2022 1:09 pm

China completes maiden pre-delivery test flight of C919 commercial passenger aircraft
https://m.youtube.com/watch?v=uHv4WNxbOGA
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Re: Aviation Industry (incl Maintenance, Repair & Overhaul)

Postby behappyalways » Mon Jun 13, 2022 9:12 am

Boeing & Airbus Control 91% Of Global Commercial Aircraft Fleets
https://www.zerohedge.com/markets/boein ... aft-fleets
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Re: Aviation Industry (incl Maintenance, Repair & Overhaul)

Postby behappyalways » Wed Jun 29, 2022 12:46 pm

疫情大裁員 今勞工短缺 旅遊復甦熱 機場大混亂!-李四端的雲端世界
https://m.youtube.com/watch?v=p2k7g3wtkKA
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