Airlines stocks generally declined today. As of press release, Air China (00753) fell 4.82% to HK$3.75; Eastern Airlines (00670) fell 3.02% to HK$1.93; Capital Airport (00694) fell 2.8% to HK$2.43; and China Southern Airlines (01055) fell 2.88% to HK$2.7.
The Zhitong Finance App learned that aviation stocks generally declined today. As of press release, Air China (00753) fell 4.82% to HK$3.75; Eastern Airlines (00670) fell 3.02% to HK$1.93; Capital Airport (00694) fell 2.8% to HK$2.43; and China Southern Airlines (01055) fell 2.88% to HK$2.7.
According to the news, international oil prices have continued to rise recently. Brent crude oil broke through 90 US dollars/barrel during the intraday period, and WTI crude oil stood at 85 US dollars. UBS recently released a report, raising its global demand growth forecast for this year, and also lowered OPEC+ countries' crude oil production expectations for the second quarter of 2024. The bank raised the crude oil price forecast by 5 US dollars/barrel.
CITIC Construction Investment recently pointed out in a risk analysis that the RMB is still facing significant depreciation pressure; there is also a risk that the pace of liberalization of international routes falls short of expectations; and there is a risk that fuel costs for airlines will rise sharply due to fluctuations in international crude oil prices. Various factors may affect the performance of listed companies related to the aviation airport industry.