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With the improvement of operation indicators and the strong supply and demand of summer transportation, will the aviation/airlines industry rise?
It is expected that 0.133 billion passengers will be transported during the summer vacation.
China East Air's passenger turnover in June increased by 27.73% year-on-year.
China Eastern Airlines (00670) announced that with the approaching peak season of civil aviation in China, travel demand for business, tourism, and student holidays will increase significantly, and the company actively arranged capacity production for the peak season in July and August based on the characteristics of the summer market. In June, the company's passenger transport capacity (calculated by available seat kilometers) increased by 16.27% year-on-year, reaching 108.24% of the same period in 2019; passenger turnover (calculated by passenger kilometers) increased by 27.73% year-on-year, reaching 109.09% of the same period in 2019; and the passenger load factor was 83.44%, up 7% year-on-year.
Hong Kong stock concept tracking | Several listed airlines increase capacity to welcome the peak season of summer transportation! The long-term profit center of the aviation industry is still expected to rise. (Attached concept stocks)
According to the Zhitong Finance APP, several listed airlines collectively disclosed their business data for June on July 15th. Overall, the major operating indicators of various airlines in June have achieved a year-on-year increase, and passenger transportation capacity has also increased to some extent year-on-year. The data shows that the passenger transportation capacity of Air China Limited, China Eastern Airlines Corporation, China Southern Airlines, Hainan Airlines Holding, Spring Airlines, and Juneyao Airlines have increased by 11.4%, 16.27%, 12.47%, 9.18%, 11.15%, and 8.24% respectively year-on-year. In particular, China Eastern Airlines Corporation's passenger transportation capacity investment in June reached 108.24% of the same period in 2019. China Eastern Airlines Corporation said
Express News | China Eastern Airlines Says June Passenger Trips Carried up 13.3% Y/Y, Mail and CARGO Carried up 17.6% Y/Y
China Air Carriers Likely to See More Muted Recovery -- Market Talk
0339 GMT - China's flagship air carriers' recovery trajectories seem more muted, DBS Group Research analyst Paul Yong writes in a note. The outlook for Air China, China Eastern Airlines and China
HK stocks anomaly | The aviation/airlines industry is under pressure, and the three major airlines are still operating at a loss. The peak season of summer travel is worth looking forward to.
According to the Zhongtong Finance APP, the aviation/airlines industry is collectively under pressure. As of press time, China Southern Airlines (01055) fell by 3.33% to HKD 2.9; China Eastern Airlines (00670) fell by 2.86% to HKD 2.04; Air China Limited (00753) fell by 1.9% to HKD 3.62; Capital Airport (00694) fell by 1.75% to HKD 2.5. In terms of news, Air China Limited, China Southern Airlines, and China Eastern Airlines recently jointly released their performance forecast for the first half of 2024. In the first half of this year, the three major airlines all expect to make losses, with a total net loss expected to be between RMB 5.76 billion and RMB 7.48 billion. The three major airlines
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