Airlines Stocks Plummet After AOT Announces Monitoring China Pneumonia Outbreak

As the report at 11:33 local time in Thailand, the share price of Asia Aviation PLC. (AAV) was at THB2.08, decreased THB0.16 or 7.14% and reached a peak at THB 2.10 with a trading value of THB35.54 million.

The Thai Airways International PLC. (THAI), the share price was at THB6.70, dropped THB0.25 or 3.60% with a trading value at THB13.14 million.

While Nok Airlines PLC. (NOK) slightly fell THB0.02 or 0.90% with a trading value of THB 0.09 million.

The KTB Securities (Thailand) PLC. pointed out in the analysis that after the announcement of Airports of Thailand PLC. (AOT) respecting the monitor on the China pneumonia outbreak. Following the situation, expecting that the airlines might be affected, especially Air Asia in regard to 4 direct flights per week to Wuhan, China.

The numbers of tourists flowing to Thailand might also less than the prediction if the circumstance getting worse.

However, the Asia Wealth Securities Company Limited stated that the actual conflict in the Middle East has a high possibility leading to warfare and will be affected the stock investment worldwide. The energy stock price tends to rise continuously following the increased crude oil price. Whereas the airlines share price dropped due to oil price surged.