Airlines stocks generally rose. As of press release, China Southern Airlines (01055) rose 3.47% to HK$2.98; Capital Airport (00694) rose 3.31% to HK$2.5; and Cathay Pacific (00293) rose 3.1% to HK$8.64.
The Zhitong Finance App learned that aviation stocks generally rose. As of press release, China Southern Airlines (01055) rose 3.47% to HK$2.98; Capital Airport (00694) rose 3.31% to HK$2.5; Cathay Pacific (00293) rose 3.1% to HK$8.64; and Eastern Airlines (00670) rose 1.52% to HK$2.
According to the news, recently, China once again expanded the scope of visa-free countries and piloted visa-free access to 6 countries including Switzerland. The number of related airline ticket searches increased nearly 4 times compared to the previous day. According to this trial policy, between March 14 and November 30, ordinary passport holders from the six countries of Switzerland, Ireland, Hungary, Austria, Belgium, and Luxembourg will be able to enter China without a visa for no more than 15 days to do business, travel, visit family and friends, and transit.
China Post Securities believes that China is testing visa-free access to six countries including Switzerland, which is beneficial to the continuous recovery of international civil aviation routes. The bank believes that in 2024, the growth rate of China's civil aviation supply will be limited, and the overall demand side will recover. Further restoration of the international market is expected to improve the market structure. Looking at the longer cycle, there are long-term constraints on the supply growth of civil aviation. The supply growth rate is expected to remain low, and the increase in demand is expected to drive the continuous improvement of the civil aviation supply and demand relationship and raise the industry's profit level.