CMB International analysts have raised their outlook for Geely Automobile, lifting the annual sales forecast to 3.5 million units from 3.4 million. The analysts boosted their net profit view by 8% to 20.9 billion yuan and now project gross margins of 17.7% for 2026. They cite Geely's increased overseas sales, improved model mix and cost-reduction efforts, along with accelerating growth at luxury EV brand Zeekr. The bank maintains a buy rating with a HK$27.00 target price, compared with shares that closed at HK$22.90.

ANA Holdings' projection of a 43% drop in net profit for the fiscal year underscores the airline's sensitivity to fuel costs, Jefferies analysts say. Prior-year results demonstrated ANA's ability to convert strong passenger demand into earnings. While demand trends remain healthy, sector risks tied to higher fuel prices and geopolitics stay elevated. Jefferies has a hold rating with a 3,200 yen target price; shares closed 4.2% higher at Y2,709.5 on Friday.

Air Canada says it hasn't seen any demand decline in upcoming quarters despite needing to raise fares to address the fuel-price jump. Chief commercial officer Mark Galardo told analysts that third-quarter load factors are on track to exceed prior-year levels. North American demand appears much more resilient compared with transAtlantic and transPacific markets.