ASIA AVIATION Plc. (AAV): 1Q26E Core Profit Still Solid...
We maintain our 2026E core loss forecast at Bt6.3bn, reflecting prolonged elevated jet fuel costs, low hedging coverage (10%/7% in 2–3Q26E), and...
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Asia Aviation Plc. (AAV): Price Rally Reflects Strong Earnings; Fiercer Competition
4Q25 core profit met expectations on stronger passenger traffic, especially domestic, while fewer high-cost international routes lifted margins.
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Asia Aviation Plc. (AAV): 4Q25E Core Profit Beats Expectations
4Q25E core profit is better than previously expected, driven by higher passenger volumes and average fares, supported by strong domestic passenger...
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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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