The Zhitong Finance App learned that aviation stocks generally rose in early trading. As of press release, China Eastern Airlines (00670) rose 4.65% to HK$2.25; China Southern Airlines (01055) rose 4.11% to HK$3.29; Air China (00753) rose 3.86% to HK$4.31; and Capital Airport (00694) rose 2.14% to HK$2.86.
According to the news, according to the Civil Aviation Administration's report at the May press conference, in April 2024, the entire industry completed 55.95 million passenger traffic, an increase of 10.6% over the previous year. Among them, the scale of domestic passenger traffic increased by 8.1% compared to the same period in 2019, and the scale of international passenger traffic exceeded 5 million passengers. The Civil Aviation Administration said it will continue to increase international passenger flights as a priority task and make every effort to further resume international passenger flights.
According to air travel data, from May 1 to 14, the number of inbound and outbound civil aviation passengers of domestic airlines exceeded 2.24 million. Among them, the number of inbound civil aviation passengers of domestic airlines increased by about 1.2 times over the same period last year, and the number of outbound civil aviation passengers of domestic airlines increased by about 1.4 times over the same period last year. With the recovery of the international travel market and the implementation of visa-free policies and facilitation measures between China and many countries, the popularity of inbound and outbound travel is expected to continue to rise.
Zhongtai Securities pointed out that in the medium to long term, the industry's recovery trend is positive. As international routes continue to recover, the supply and demand pattern of the entire industry is expected to continue to improve, and the aircraft utilization rate of various airlines is expected to continue to rise, compounded by favorable ticket price market-based reforms. The performance of airlines is expected to continue to improve. It is recommended to focus on low-level layout opportunities. Furthermore, airports will benefit from a recovery in aviation demand, and aviation revenue and African aviation revenue will improve markedly.