## 2568: Before Investing in Airlines, You Need to Know This

The airline sector is currently an interesting opportunity for investors in 2568, amid the recovery of the tourism industry and the continuous increase in travel demand. Whether it's large US airlines or air transportation executives in Asia, investment options are becoming more diverse. Let's take a closer look at six airlines worth watching.

### Thai Airways (THAI) – The National Airline Evolving

Thai Airways Company Limited (Public) is a key representative of the regional aviation industry. The company underwent a debt restructuring process six months ago and now operates flights to over 60 destinations, serving both passengers and cargo.

As of July 2568, the national airline's shares are trading at an attractive price level. The market capitalization is approximately 6.2 billion baht. What attracts investors is the government's support, which helps strengthen financial stability. Additionally, Thai Airways benefits the most from the recovery of leisure tourism. If the tourism industry remains vibrant, it has the potential to return to profitability significantly.

### Bangkok Airways (BA) – The Mid-Sized Aviation Expert

Unlike Thai Airways, which is large, Bangkok Airways, known as the "Boutique Airline of Asia," has adopted a focused business model. This company not only provides airline services but also owns and manages airports at tourist destinations such as Koh Samui.

Data from mid-2568 shows BA trading at 15.10 baht, with a market value of 65,000-70,000 million baht. Earnings per share are 0.80 baht. Owning airports gives it an advantage by generating additional income and increasing profit margins. The company's total assets are approximately 1.63 billion USD, indicating a solid resource base.

### Delta Air Lines (DAL) – The Confident American Giant in the Asian Market

Delta Air Lines is a US airline with a history spanning over a century. With a fleet of more than 1,250 aircraft, the airline not only transports passengers but also develops its cargo business as a significant revenue source.

Recently, Delta launched a direct route from Seattle to Taiwan to enhance connectivity with the Asian market. As of mid-2568, the company's market value is 36.3 billion USD. Shares are trading at $56.29. Despite a YTD return of -6.96%, most analysts still recommend buying, with a 1-year target price of $64.37.

In Q2 2568, Delta reported revenues of $16.6 billion and operating income of $2.1 billion. Its flexible pricing strategy for all passenger levels has significantly increased returns. With stable cash flow and a recovery in business travel, Delta is well-positioned to improve profitability in the second half of 2568.

### United Airlines (UAL) – The Authority in International Routes

United Airlines Holdings of the US has a clear strategy: focus on international and long-haul routes rather than domestic flights. After recovering from the COVID crisis, UAL has begun major projects to replace its aging fleet with more efficient new aircraft.

This fleet upgrade aims to improve passenger comfort and generate higher revenue. As of 2568, UAL shares are trading at $92.25, with a market cap of 30.3 billion USD. Despite a -4.99% YTD decline, the company reported Q2 revenues of $15.2 billion and EPS of $3.87.

Analysts continue to recommend buying, as international travel demand and premium class flying are steadily increasing. UAL's 1-year target price is $102.24, indicating an upward trend of about 11%.

### Southwest Airlines (LUV) – The Low-Cost Leader

Southwest Airlines specializes in the US domestic travel market, the largest in the world. The company manages a fleet of over 700 aircraft, focusing on short-haul flights and tourism.

In 2568, LUV is trading at $36.51, with a market value of 21.9 billion USD. Its YTD return is +8.60%, showing better movement than competitors. However, analysts recommend holding rather than buying, due to risks from rising labor and fuel costs, aging aircraft in some parts of the fleet, and slowing revenue growth compared to other airlines. The 1-year target price is $30.97, indicating downside risk if market conditions change.

( American Airlines )AAL### – The Flagship Airline Facing High Challenges

American Airlines is not only the largest airline in the US but also the largest in the world, with over 6,800 flights daily to 350 destinations across more than 48 countries.

However, in 2568, AAL faces the highest risk among these stocks. Its share price is $12.51, with a market cap of 8.22 billion USD, and a YTD return of -28.23%. Investors should be very cautious with this airline due to profit pressures. Some analysts still recommend buying, citing potential for recovery if management can better control costs. The 1-year target price is $13.70.

## Summary: The Airline Sector Is Recovering but Risks Remain

Global travel demand remains strong through 2568, supported by post-pandemic recovery, major holiday seasons, and increased international flights, bringing airline stocks back into investors' focus.

Both investors and analysts are optimistic, not only due to overall travel trends but also because of each company's specific strategies, such as fleet upgrades, loyalty program expansions, and fuel efficiency improvements.

It is expected that these 6 airline stocks will report better earnings in early 2569, reflecting increased passenger volumes and improved operating margins in the latter half of this year.

For those seeking long-term growth or speculative gains from Q4 earnings reports to be released between January and February, these airline stocks are considered attractive opportunities. However, investors should carefully consider each company's risks and conduct thorough analysis before investing, as while the airline sector shows potential, selecting the right stocks aligned with your goals is crucial.