Would you look at stocks which are CAPEX heavy (such as airlines) to invest at this point in time or anytime in the future ?

Hi, I would avoid high capex company such as airlines usually.

This is because their free cash flow margins will be impacted and affects the ability for the business to reinvest and grow.

I will avoid airlines. They are a capex intensive industry and yet have to compete at prices to the extent they are experiencing insufficient cash flow to meet their future expenses. One of the worst industry to invest in

No, I would avoid. High CAPEX means it requires high profit. However, if the CAPEX is a one time thing to fulfill the future demand that the company can forecast, then yes I might consider (provided I do my own detailed diligence first). But for airlines, I will totally avoid as not only it is high CAPEX, it is also cyclical.

I would always avoid airlines stock. Besides capex extensive, they are always in a price war. Consumers tend to always go for the cheaper usually. So they do not have this pricing power.