AVTECH: Expected negative impact in H2
Research Note
2020-06-26
07:30
AVTECH announced that the company has extended the current contract one year with its major customer Southwest Airlines. However, not so unexpected given the current situation the contract has not been upgraded to “Full Flight”. The business model has been changed from a fixed price to a per-flight model. We believe this will have a somewhat negative short-term impact on revenue.
TO
EM
Tomas Otterbeck
Erika Madebrink
Disclosures and disclaimers