Stocks in the news (aav, top) 01.08.24
AAV will suspend Phuket-HK route effective Sept 1 due to fierce competition with home based airlines: Cathay Pacific (daily), HK Express (twice daily) and HK Airlines (daily).
Comment: I thought there was no demand issue…or…could HK travellers prefer going to the Mainland or other parts of the world instead of Phuket?
TOP denies agreeing to issue a payment of Bt567m to help settle outstanding wages owed to workers by subcontractors.
Comment: TOP doesn’t have CF issues – no idea what this news is…