Airlines stocks rose collectively. As of press release, Eastern Airlines (00670) rose 4.04% to HK$2.06; Capital Airport (00694) rose 3.72% to HK$2.51; Air China (00753) rose 3.49% to HK$4.15; and China Southern Airlines (01055) rose 3.28% to HK$2.83.
The Zhitong Finance App learned that aviation stocks rose collectively. As of press release, China Eastern Airlines (00670) rose 4.04% to HK$2.06; Capital Airport (00694) rose 3.72% to HK$2.51; Air China (00753) rose 3.49% to HK$4.15; and China Southern Airlines (01055) rose 3.28% to HK$2.83.
According to the news, according to the Civil Aviation Administration, the entire industry completed a total of nearly 180 million passenger traffic in the first quarter, the highest passenger traffic in the first quarter of the year, up 37.7% year on year and 10.2% over the same period in 2019. The May Day holiday is approaching. According to the flight manager's forecast, the average number of daily flights during the May Day holiday in 2024 exceeds 14,900, which is expected to increase 4.6% compared to 2019, and 3.3% higher than the May Day holiday in 2023.
China Post Securities pointed out that the “May Day” travel trend has recently been released on multiple platforms. Passenger traffic is expected to increase slightly year over year, and ticket prices have decreased year over year, but there is still a marked increase compared to the same period in '19, and demand for civil aviation is unabated during the peak tourist season. China Merchants Securities pointed out that looking ahead to the full year of 2024, with the restoration of international flights and the easing of domestic oversupply pressure, airline passenger occupancy rates are expected to further recover, and profit flexibility brought about by flexible ticket prices during the peak season is expected to be further evident.