MIDF Research upgrades aviation sector to Positive, top pick AirAsia

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KUALA LUMPUR (Dec 10): MIDF Research has upgraded its rating on the aviation sector to “Positive” (from Neutral) and said it expects further recovery in passenger traffic growth going into the holiday season.

In a note Wednesday, the research house added tha the International Air Transport Association (IATA) has painted a rosier picture for international air travel volumes.

“Lower jet fuel bodes well for the bottomlines of airline operators.

“We have a Buy call on AirAsia Bhd; Neutral on AirAsia X Bhd and Malaysia Airports Holdings Bhd. Upgrade aviation sector to Positive,” it said.