Airline-Airport Stocks Gain as Thailand Set to Reopen 5 More Tourist Destinations

Airline and airport stocks gained on Tuesday, as Thailand set to reopen five more destinations from October 1, 2021. Bangkok Airways (BA) led the sector, rising 4.20% or ฿0.50/share at the opening of the afternoon session, to trade at ฿12.40/share with a trading value of 149 million baht. 

Followed by Airports of Thailand (AOT), the share price rose ฿0.75/share or 1.21% to ฿62.75/share, with a trading value of 1,051 million baht.

Asia Aviation (AAV) rose ฿0.02/share or 0.73% to ฿2.76/share, with a trading value of 33 million baht.

Phiphat Ratchakitprakarn, Thailand’s Minister of Tourism and Sports, confirmed that Thailand will reopen five more tourist destinations, including Bangkok, Chon Buri, Petchaburi, Prachuap Khiri Khan, and Chiang Mai, to fully vaccinated foreign visitors on October 1st, as scheduled. After that, another 21 destinations will reopen on October 15th.

“This October reopening will be launched alongside with the country’s newly adjusted ‘universal prevention’ guidelines against COVID-19, under which Bangkok, Chiang Mai, Chon Buri, Phetchaburi, and Prachuap Khiri Khan are getting ready, including accelerating vaccination for the local population and formalising tourism campaigns; such as, Bangkok Sandbox, Hua Hin Recharge, and Charming Chiang Mai,” Government Spokesperson, Mr. Thanakorn Wangboonkongchana said on September 9, 2021.