Jinwu Financial News | Aviation stocks rose collectively. Air China (00753) rose 3.22%, China Eastern Airlines (00670) rose 2.7%, China Southern Airlines (01055) rose 2.33%, Meilan Airport (00357) rose 2.27%, and Beijing Capital Airport shares (00694) rose 1.73%.
According to the news, according to Ctrip data, although the overall average price of domestic air tickets fell slightly year on year, the month-on-month increase was about 40% compared to this year's Qingming holiday. As of April 15, ticket prices for popular routes such as Guangzhou-Beijing, Chengdu-Hangzhou, and Beijing-Chengdu had risen by about 10% year on year, while ticket prices for Kunming-Chengdu, Shanghai-Kunming, Xiamen-Shanghai, Tianjin-Chengdu, and Beijing-Sanya had dropped significantly, about 30% year on year.
According to air travel data, as of April 16, during the May Day holiday period, the number of domestic airline ticket reservations exceeded 2.2 million, an increase of nearly 62% over a week ago; the number of inbound and outbound ticket reservations exceeded 690,000, an increase of about 17% over a week ago. The average price of domestic air tickets (excluding tax) is over 1,000 yuan, which is already higher than this year's Qingming holiday level.
According to the Cathay Pacific Junan Research Report, China Airlines passenger flow increased 38% year-on-year in the first quarter of 2024, up 10% from the first quarter of 2019. Volume and prices recovered rapidly after the Qingming holiday. The recent torrential rain in South China had a slight impact. It is expected that air passenger traffic in April will increase 14% year on year and 7% compared to 2019. Among them, domestic passenger traffic increased by more than 10% compared to 2019, and domestic fuel ticket prices remained basically the same as in 2019. With the opening of pre-sales of train tickets, pre-sales of tickets for the May 1st holiday gradually accelerated, and the number of OTA inquiries and reservations increased significantly over the same period last year. The volume and price of the 2024 peak season all surpassed 2019, and the recovery in public business demand during the off-season will be the key. Market expectations are low.