AOT Falls Nearly 5% in Fear of Slower Recovery in Tourism amid New Covid-19 Variant

Aviation-related stocks in the Thai stock market closed the morning session lower and continued to do so in the afternoon session on November 29, 2021, as global markets are raising concerns over the uncertainty of the Covid-19 omicron variant that led to Israel shutting down travellers from South Africa and Japan to ban all foreign visitors tomorrow.


As concerns of the new variant will slowdown economic recovery, especially in tourism industry, the share price of Airports of Thailand Public Company Limited (SET: AOT) at the opening of the afternoon session was ฿60.00/share, fell ฿3.00/share or 4.76%. Meanwhile, Asia Aviation Public Company Limited (SET: AAV) fell ฿0.06/share or 2.27% to ฿2.58/share, and Bangkok Airways Public Company Limited (SET: BA) fell ฿0.30/share or 2.94% to ฿9.90/share.


Last Friday, Israel imposed a travel ban on most African states after reporting cases of a new Covid-19 variant which later will be named omicron variant that is potentially a vaccine-resistant virus variant. The variant was first found in South Africa.

Three days later on Monday, Japan announced that it will suspend entry of all foreign arrivals from around the world amid concerns over the new Covid-19 omicron variant. The ban will take effect on Tuesday, November 29, 2021.