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.