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The number of international and domestic flights in civil aviation fluctuates with the change of seasons, with industry insiders suggesting that there is uncertainty in the recovery of China-U.S. routes | Industry trends.
① Starting from March 30, civil aviation enters the summer and autumn flight seasons. Data from third-party platforms show that the planned number of flights and routes for domestic airlines in the new season have decreased year-on-year, while international and regional routes have seen a year-on-year increase; ② The recovery rate of USA routes remains low, only recovering to 23.1% of 2019 levels. Industry insiders say that the background of USA tariff policies may impact business exchanges between China and USA, thereby affecting the restoration of China-USA routes.
Announcement Highlights | "Flash" placement! NIO plans to issue no more than 0.119 billion shares; Semiconductor Manufacturing International Corporation's revenue is expected to grow nearly 28% year-on-year in 2024.
CNOOC's net profit in 2024 exceeds 130 billion yuan; New China Life Insurance's annual profit increased approximately twofold year-on-year.
BEIJING AIRPORT: 2024 ANNUAL RESULTS ANNOUNCEMENT
Hong Kong stocks movement | Aviation/airlines Industry rises counter to market trend, Air China Limited (00753) rises over 5% during trading hours, expanded tourism Consumer spending is expected to stimulate an increase in demand for regional airlines.
The aviation/airlines industry rose against the market trend. As of the time of reporting, China Eastern Airlines (00670) increased by 3.46%, trading at 2.69 Hong Kong dollars; Air China Limited (00753) rose by 3.18%, trading at 5.52 Hong Kong dollars; China Southern Airlines (01055) was up by 2.33%, trading at 3.95 Hong Kong dollars; Capital Airlines (00694) increased by 0.69%, trading at 2.91 Hong Kong dollars.
Airlines See Lower Customer Demand, Cut Back Financial Expectations
BEIJING AIRPORT (00694.HK) plans to hold a Board of Directors meeting on March 27 to approve the annual performance.
Gelonghui on March 10th丨BEIJING AIRPORT (00694.HK) announced that the Board of Directors will hold a meeting on March 27, 2025 (Thursday) to discuss the following matters: 1. Consider and approve the company's performance for the year ending December 31, 2024; 2. Consider and approve the company's profit distribution plan, declaration, recommendation or payment of dividends (if any); and 3. Other matters (if any).