JPMorgan predicts that the recovery of Asia's airline industry could recover to around two-thirds of pre-pandemic levels by the end of the year, and names stocks to buy.
Asia's flight activity is gaining momentum as the region continues to ease Covid-19 travel restrictions, and the outlook for the region is now looking even brighter, according to JPMorgan. That's after China announced last week that it would decrease quarantine time for international travelers. In a Nov.
Tourism is the backbone of Thailand's economy and it's on track to beat its 2022 target of 10 million foreign tourist arrivals, said the bank. Tourism arrivals hit 7.56 million at the end of October, and the country is expected to receive another 3 million visitors for the rest of 2022. Airline picks Singapore Airlines made JPMorgan's list.
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