AVIATION INDUSTRY 2H2023 - IMPROVING FINANCIAL PROSPECTS, BUT DISPARITIES REMAIN
The aviation industry continues to witness a strong recovery in the international market in the first half of the year as China lifts international travel restrictions and other countries continue to experience stable month-on-month growth. In the second half of the year, the momentum from Chinese tourists and more open visa policies will continue to support the positive trend of international air passenger traffic and profit landscape for most businesses in the industry. As a result, companies with a strong competitive position (ACV, SGN, AST, SAS) will maintain double-digit profit growth at a high level, although it will slow down slightly compared to the first half of the year as the low base effect gradually fades away.
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