Jinwu Financial News | Aviation stocks improved overall, with Meilan Airport (00357) up 6.19%, China Southern Airlines (01055) up 3.1%, China Eastern Airlines (00670) up 2.72%, and Air China (00753) up 1.92%.
According to the news, according to the Civil Aviation Administration of China, in March, the entire industry completed a total of 54.73 million passenger traffic, an increase of 25.7% over the previous year, and an increase of 7.3% over the same period in 2019. The completed cargo and mail transportation volume was 708,000 tons, an increase of 28.2% over the same period in 2019, an increase of 12.3% over the same period in 2019.
Dongxing Securities said that the industry is at a critical stage of recovery from the bottom. Strong performance during the Spring Festival travel season indicates that there has been a substantial recovery in demand for civil aviation, but there is still an oversupply situation during the off-season for domestic routes, and it is necessary to take away the excess capacity accumulated in the country through the resumption of international routes. After the aviation season changes, international long-haul routes are expected to resume at an accelerated pace, and we look forward to improvements in industry fundamentals. The profit performance of the civil aviation industry this year is expected to be significantly better than last year. After experiencing a sharp decline in the stock prices of several major airlines throughout last year, the margin of safety is highlighted, and it is worth focusing on.