Global airline stocks green again

On Wall Street, airline stock prices have all shot up since March 15, leading the market trend when oil prices fell below $100 a barrel.

From a 13-month low, American Airlines stock has turned green again, up more than 17.5% in the past week. Meanwhile, shares of United Airlines were up nearly 21%, while Delta Air Lines and low-cost carrier JetBlue were up 18% and 10%, respectively.

In Europe, airline shares also benefited from the sharp drop in oil prices, with Air France and Lufthansa stocks returning to pre-Russian-Ukrainian crisis levels.

According to the sheet New York Timesairlines, which are large fuel consumers, were relieved from pressure from oil prices and continued the recovery trend that began at the beginning of the year when borders reopened.

With a high vaccination coverage rate, and concerns about the Omicron strain lower than expected, many countries have considered Covid-19 as an endemic disease and are determined to reopen and restore the economy. This direction also paved the way for the aviation and tourism industry to recover, leading to an increase in passenger numbers.

An analysis of Adobe’s flight data in the US shows that the number of domestic air tickets in the US in February 2022 has exceeded the level of the same period before the epidemic in 2019. This trend is expected to continue in March.

In the Asia-Pacific region, many countries are starting to open their doors to international passengers, the stocks of airlines such as Korean Air (Korea), Qantas (Australia), or Singapore Airlines (Singapore) all maintain steady increase. Shares of EVA Airways (Taiwan, China)) increased by more than 20% compared to the previous 3 months, and have increased by more than 106% over the same period last year.

In Vietnam, aviation stocks also surged after opening international routes and removing entry restrictions.

The latest forecast of the International Air Transport Association (IATA) shows that the number of passengers flying in 2022 is expected to reach 83% compared to 2019, of which the number of domestic passengers will return to 93% and the number of domestic passengers will return to the mark of 93%. international is 69%. Domestic tourism will lead the recovery trend of the aviation and tourism industry and is forecast to surpass the pre-epidemic mark in 2023.

Minh Duc – Truong Thinh