ASIA AVIATION Plc. (AAV): 3Q25 Turned To Deep Loss As Expected...
We maintain Outperform with 2026E FV of Bt1.21 (required return 3.8%), backed by strong 2Y core EPS CAGR of +12%, outperforming peers, and limited...
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ASIA AVIATION Plc. (AAV): Huge 3Q25E Loss...
With a larger-than-expected 3Q25E core loss from higher costs, we cut 2025–26E core profit but raise 2027E forecast on a stronger-baht assumption...
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ASIA AVIATION Plc. (AAV): Turned to Core Loss in 2Q25 Due to Weak Passenger Volume
The 2Q25 core loss came in higher than expected due to higher-than-anticipated cost per available seat kilometer (CASK).
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Asia Aviation - Expect a Turnaround to a Core Loss in 2Q25E Due to Weak Passenger Volume
We have a negative view on the weak passenger numbers in June, which likely dragged the 2Q25E performance to a YoY contraction of -3%, compared to...
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Asia Aviation - Lower Load Factor; Fiercer Competition Among Low- Cost Airlines
Signs of an impact from sluggish tourism have begun to emerge, pressuring international passenger volumes, which declined 19% YoY in April-May.
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