Airlines stocks rose collectively. As of press release, China Southern Airlines (01055) rose 5.81% to HK$3.46; Capital Airport (00694) rose 5.28% to HK$2.99; and Eastern Airlines (00670) rose 5% to HK$2.31.
The Zhitong Finance App learned that aviation stocks rose collectively. As of press release, China Southern Airlines (01055) rose 5.81% to HK$3.46; Capital Airport (00694) rose 5.28% to HK$2.99; Eastern Airlines (00670) rose 5% to HK$2.31; and Air China (00753) rose 3.64% to HK$4.55.
According to the news, according to the Civil Aviation Administration, the entire industry completed passenger traffic of 559.50 million in April, up 10.6% year on year, up 5.3% from the same period in 2019. Among them, domestic passenger traffic increased 8.1% over the same period in 2019, and international passenger traffic exceeded 5 million, completing 5.096 million passengers, recovering to 83.8% in the same period in 2019, and the recovery level exceeded 80% for three consecutive months. In addition, in terms of airline operating data, Air China, China Southern Airlines, China Eastern Airlines, Chunqiu, and Jixiang ASK increased by 16.8%, 0.6%, 8.0%, 26.5%, and 35.1% compared to 2019; in terms of passenger occupancy, Chunqiu continued to lead the industry with a passenger occupancy rate of 90.7%, and Air China, China Southern Airlines, China Eastern Airlines, and passenger occupancy differences of -2.2, +0.1, and -2.5 percentage points, respectively, compared to 2019.
Dongxing Securities pointed out that overall, the industry relied on the contraction of capacity to stabilize the passenger occupancy rate in April. The overall passenger occupancy rate of listed airlines increased by about 0.4 pct compared to March. China Merchants Securities said that entry and exit policies have been further opened up, and the convenience of international travel has been further improved. Looking ahead to the full year of 2024, with the restoration of international flights and the easing of oversupply pressure in domestic supply, airline passenger occupancy rates are expected to further recover, and profit flexibility brought about by peak season ticket price flexibility is expected to be further evident.