Aviation stocks rose collectively. As of press release, Capital Airport (00694) rose 4.09% to HK$2.8; Eastern Airlines (00670) rose 3.88% to HK$2.14; and Air China (00753) rose 2.48% to HK$4.14.
The Zhitong Finance App learned that aviation stocks rose collectively. As of press release, Capital Airport (00694) rose 4.09% to HK$2.8; Eastern Airlines (00670) rose 3.88% to HK$2.14; Air China (00753) rose 2.48% to HK$4.14; and China Southern Airlines (01055) rose 1.93% to HK$3.17.
According to the news, recently, several listed airlines have successively disclosed their main operating data for April, showing an overall positive trend. Specifically, China Eastern Airlines' passenger turnover in April (in terms of passenger carrier kilometers) increased by 34.93% year on year; passenger occupancy rate was 81%, up 8.93 percentage points year on year. China Southern Airlines' passenger turnover in April increased 19.79% year on year. Spring Airlines passenger turnover increased 15.89% year on year; total number of passengers carried increased 16.35% year on year.
The Cinda Securities Research Report points out that civil aviation travel is picking up, and airline performance can be expected to recover. Passenger traffic and flight volume increased markedly in 4Q1. The first three months all surpassed the same period in 2019. The first quarter was optimistic about the continued recovery of air travel and the high elasticity of the aviation sector under improved supply and demand. It is recommended to focus on Air China and China Southern Airlines, which are leading in the international route layout and are expected to benefit from the recovery of international routes as soon as possible.