No meaningful recovery yet for aviation

Hong Leong Investment Bank’s (HLIB) researc arm is maintaining its “sell” calls on both AirAsia Group Bhd and Malaysia Airports Holdings Bhd (MAHB).

PETALING JAYA: It’s not yet light at the end of the tunnel for the aviation sector as it continues to undergo turbulence amid closed country borders and social distance measures.

“We expect a prolonged impact of Covid-19, especially on international travel, affecting the profits and margins of the sector, ” Hong Leong Investment Bank’s (HLIB) research arm told clients in a report yesterday.