Aviation Sector Update - ACV, SCS best placed to navigate uncertain recovery
  • 2020-05-20T00:00:00
  • Sector Reports
We move our assumption of peak economic disruption from COVID-19 to Q2 from Q1 as previously. We forecast steeper declines in air traffic due to travel restrictions in Vietnam and other countries. We now assume RPK (a proxy for passenger transportation volume) declines of 31% and 27% YoY for HVN and VJC in 2020 vs our previous assumptions of 9% and 1%, respectively. We also assume 34% and 24% YoY declines in ACV’s international and domestic passenger numbers in 2020 vs our previous assumptions