The aviation industry has seen a collective rise, as of the time of writing, China Southern Airlines (01055) has risen by 4.09%, to HKD 3.31; Capital Airport (00694) has risen by 2.24%, to HKD 2.74; Air China Limited (00753) has risen by 2.19%, to HKD 4.2.
According to the information obtained by the Golden Finance APP, aviation industry experienced a collective rise, as of the time of writing, China Southern Airlines (01055) has risen by 4.09%, to HKD 3.31; Capital Airport (00694) has risen by 2.24%, to HKD 2.74; Air China Limited (00753) has risen by 2.19%, to HKD 4.2; Eastern Airlines (00670) has risen by 1.83%, to HKD 2.22.
On the news front, several platforms have released data predictions for Dragon Boat Festival travel, with some outbound travel flights exceeding the levels of the same period in 2019. Flight Butler data shows that from May 20th to May 26th, international flight volume (excluding Hong Kong, Macau and Taiwan regions, the same below) had recovered to 72.3% of 2019 levels. At the same time, according to Flight Butler's forecast, the planned number of flights for the 2024 Dragon Boat Festival holiday is expected to exceed 14,800 flights, a 5.9% increase from 2019 and a 4.2% increase from 2023.
China Merchants Securities pointed out that looking forward to the whole 2024 year, with the restoration of international flights and the easing of domestic oversupply pressure, airline passenger load factors are expected to see further recovery, and the profit elasticity brought by the elasticity of peak season ticket prices is expected to further manifest. Zhongtai Securities stated that looking at the medium and long term, the industry recovery trend is positive, with the continuous recovery of international routes and the continuous improvement of the supply-demand pattern of the whole industry. The aircraft utilization rate of various airlines is expected to continue to rise, and the favorable reform of ticket prices marketization, the performance of airlines is likely to continue to improve.