Goldman Sachs maintains a positive outlook on aviation stocks due to anticipated further upside potential for ticket prices, despite some risks related to Japan in the first half of 2026. The firm has identified AIR CHINA and CEA as its top picks in the aviation sector. Conversely, in the container shipping sector, Goldman Sachs has adopted a more cautious stance due to a recovery in supply that is expected to compress industry profit margins, alongside potential risks from the reopening of the Red Sea. In the crude oil tanker segment, the firm remains optimistic, expecting spot freight rates to rise further, particularly benefiting COSCO SHIP ENGY due to its exposure to the crude oil tanker and Chinese import market.
