[Broker Focus] Citigroup: Air China (00753)'s net loss in the first quarter was dragged down by high sales costs, and is optimistic that international economic recovery will accelerate in summer

Jinwu Financial News | According to Citigroup Research, Air China (00753)'s revenue in the first quarter reached a record high for the same period, increasing 60% year-on-year to 40 billion yuan, and an increase of 23% over the same period in 2019. Driven by high sales costs, the first quarter recorded a net loss of 1.7 billion yuan. With a purchase rating, the target price is HK$7.1. The bank expects that Air China will see a return in profits after the results are announced. The second quarter may face challenges due to the low season and high oil prices, but the bank is still optimistic about the summer peak, especially the acceleration of international economic recovery. According to the bank's commodity research team, this year's crude oil will be 86 US dollars per barrel

金吾財訊00:25 ET

中銀航空租賃：2023 年年度報告

Futu News19:45 ET · Announcements

At HK$8.37, Is Cathay Pacific Airways Limited (HKG:293) Worth Looking At Closely?

While Cathay Pacific Airways Limited (HKG:293) might not have the largest market cap around , it received a lot of attention from a substantial price movement on the SEHK over the last few months

Simply Wall StApr 27 21:19 ET

[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.

金吾財訊Apr 26 13:07 ET

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.

Gelonghui FinanceApr 26 11:12 ET

中國國航：二零二四年第一季度報告

Futu NewsApr 26 09:19 ET · Announcements