[Hong Kong Stock Connect] Air China (00753)'s net loss in the first quarter narrowed sharply by 42.78% to RMB 1,674 billion
Jinwu Financial News | Air China (00753) announced that in the first quarter of 2024, it recorded a net loss attributable to shareholders of 1,674 billion yuan (RMB, same below). In the same period last year, it recorded a net loss of 2,926 billion yuan, a year-on-year decrease of 42.78%. The main reason for the sharp reduction in losses was a sharp increase in operating income over the same period last year, while the company strengthened cost control. The basic loss per share was $0.11. During the period, revenue of 40.066 billion yuan was recorded, an increase of 59.83% over the previous year. The main reason was that the company actively increased investment and production to improve revenue management capabilities.
Gelonghui Announcement Selected (Hong Kong Stock) | Air China (00753.HK) plans to purchase 100 C919 aircraft for approximately US$10.80 billion
[Today's Focus] Air China (00753.HK) announced that it plans to purchase 100 C919 aircraft for about US$10.80 billion, Air China (00753.HK) announced that on April 26, 2024, the company and COMAC signed a COMAC aircraft purchase agreement. Based on this, the company agreed to purchase COMAC aircraft from COMAC. The aircraft to be purchased are 100 C919 aircraft (extended-range type). According to the latest catalogue price provided by COMAC, the total basic price of COMAC's aircraft to be purchased by the company is approximately US$10.80 billion. This transaction is in line with the company's development plans and market needs.
中國國航:二零二四年第一季度報告
Air China Limited Schedules Key 2024 AGM
Changes in Hong Kong stocks | Eastern Airlines (00670) rose more than 4%, leading the airline stock Q1 civil aviation passenger volume to a record high in the same period, and the May 1st holiday is expected to catalyze
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.
China Merchants Securities: The operating data performance of various airlines in the first quarter was impressive, and attention was paid to the May Day holiday catalysis
The May Day holiday is coming soon. Focus on holiday catalysis.
Air China Advances ESG Goals in 2023 Report
Earnings Flash (AIRC.L) AIR CHINA Posts FY23 Loss RMB-0.07
02:01 AM EDT, 04/26/2024 (MT Newswires) -- Earnings Flash (AIRC.L) AIR CHINA Posts FY23 Loss RMB-0.07
中國國航:二零二三年年報
Guoxin Securities (Hong Kong): Aviation supply and demand are expected to be in tight balance, and airline profitability is expected to increase across the board
The overall operation of the civil aviation industry has returned to a normal growth path, and the supply and demand situation of the industry is expected to gradually become tight in 2024, and the profitability of airlines is expected to increase across the board.
[Broker Focus] Guoxin Securities indicates that air transport has returned to a state of normalized growth, supply and demand, or a tight balance
Jinwu Financial News | Guoxin Securities said that according to data from the Civil Aviation Administration of China, in March 2024, civil aviation passenger turnover recorded a 5.9% growth rate compared to the same period in 2019. Based on the following reasons, the bank believes that the profitability of airlines is expected to increase across the board in 2024:1. Continued economic improvement is expected to drive a steady increase in overall air travel demand; 2. Continued recovery of international routes will help the continued release of overseas travel demand; 3. The civil aviation industry's fleet growth rate is expected to remain low, supply and demand will gradually become more balanced, and passenger occupancy rates are expected to continue to rise. The bank indicates that since the end of 2023, Hong Kong stock airline owners
The volume and price of the civil aviation market soared, and aviation stocks rose collectively, Beijing Capital Airport shares (00694) rose 2.98%
Jinwu Financial News | Aviation stocks rose collectively. Beijing Capital Airport shares (00694) rose 2.98%, Air China (00753) rose 2.66%, China Eastern Airlines (00670) rose 2.63%, China Southern Airlines (01055) rose 2.29%, and Meilan Airport (00357) rose 1.82%. According to the news, according to CCTV Finance, the “May Day” holiday is approaching. Air ticket reservations are at their peak, outbound travel has also seen significant growth, and the cultural tourism market continues to heat up. Big data from an online booking platform shows that 15 days before the holiday season, the number of air ticket reservations had already surpassed the same period in 2023. There are many reporters
“May 1st” holiday ticket pre-sales accelerate the collective rise of airline stocks, and Air China (00753) rose 3.22%
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, and Kunming-Chengdu
Most airline stocks declined, China Southern Airlines (01055) fell 4.1%. Agencies say there is some excess capacity in the off-season
Jinwu Financial News | Most airline stocks declined. Meilan Airport (00357) fell 6.64%, China Southern Airlines (01055) fell 4.1%, Air China (00753) fell 2.87%, China Eastern Airlines (00670) fell 2.63%, and Cathay Pacific (00293) followed suit. According to Haitong Securities Research, the low air transport season began in March, and industry demand declined somewhat. The bank believes that strong demand for private travel on holidays will drive a clear rebound in demand in the travel chain, but business travel during the off-season was lackluster or hampered overall recovery progress. Dongxing Securities pointed out that in March, the industry changed from peak season to low season, and the capacity of various airlines
Changes in Hong Kong stocks | Air China (00753) fell more than 4%, leading the decline in airline stocks, domestic market had excess capacity in the off-season, and demand for international routes declined in March
Airlines stocks declined today. As of press release, Air China (00753) fell 3.92% to HK$3.68; China Southern Airlines (01055) fell 3.36% to HK$2.59; Eastern Airlines (00670) fell 2.63% to HK$1.85; and Cathay Pacific (00293) fell 1.59% to HK$8.04.
Haitong International: International flight recovery accelerates focus on large-scale investment opportunities
In the short term, strong demand for private travel on holidays will drive a clear rebound in demand in the travel chain, but off-season business travel will be lackluster or slow down overall recovery progress. In the long run, there is a high degree of certainty that China's airline capacity introduction is slowing down; travel confidence continues to recover.
Aviation stocks rose 6.19% to Haomeilan Airport (00357). Agencies say the profit performance of the civil aviation industry is expected to be significantly better than last year
Jinwu Financial News | Aviation stocks improved overall, with Meilan Airport (00357) up 6.19%, China Southern Airlines (01055) up 3.1%, China Eastern Airlines (00670) up 2.72%, and Air China (00753) up 1.92%. According to the news, according to the Civil Aviation Administration of China, in March, the entire industry completed a total of 54.73 million passenger traffic, an increase of 25.7% over the previous year, and an increase of 7.3% over the same period in 2019. The completed cargo and mail transportation volume was 708,000 tons, up 28.2% year on year and 12.3% over the same period in 2019. Dongxing Securities says the industry is at the bottom
Air China Sets Board Meeting for Financial Review
Citibank: Target price of HK$7.1 for a “buy” rating for Air China (00753)
Citi believes that there is room for growth in China's civil aviation within 30 days because May 1st Golden Week is approaching.
Air China (00753.HK) plans to hold a board meeting on April 26 to approve the first quarter results
Gelonghui, April 16, 丨 Air China (00753.HK) announced that the company will hold a board meeting on April 26, 2024 (Friday) to review and approve (among other things) the first quarter results of the company and its subsidiaries for the three months ended March 31, 2024.
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