Airlines Business Update – Waiting for a Tailwind
- Robust recovery of international passenger volume has helped airlines witness rapid growth in transportation and ancillary revenue.
- Airlines have reduced losses significantly, but high fuel and financial costs are keeping them from profits.
- Optimizing fleet operations with expansion of international routes will help airlines' earnings outlook gradually improve going forward.
- HVN's fleet restructuring and transferring stake in Skypec plan in the near future are catalysts to help speed up the Company's profit recovery.
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