Posted on April 18,$Aviation/airlines Industry (BK1240.HK)$Collective increase. As of press release,$MEILAN AIRPORT (00357.HK)$Up 10.50% to HK$7.68;$AIR CHINA (00753.HK)$up 4.67% to HK$3.81;$CHINA SOUTH AIR (01055.HK)$increased by 4.26% to HK$2.69;$CHINA EAST AIR (00670.HK)$Up 3.80% to HK$1.91.
According to news, recently, several airlines, including Air China and China Southern Airlines, announced their main operating data for March. Overall capacity picked up further. Among them, international flight capacity generally doubled, but the growth rate slowed slightly from February. Huatai Securities said that after the peak season of the Spring Festival travel season, March gradually entered the low season for civil aviation, and airline operating data declined somewhat. Looking ahead, off-season business travel still needs to be tracked. However, with reference to Spring Festival travel data, demand for private travel such as travel and family visits is still strong. The trip is optimistic about the performance of civil aviation during the peak season, and is expected to once again experience a peak in demand during the “May 1st” holiday.
According to data provided by flight managers, domestic ticket orders for the 2024 “May Day” holiday increased 21% compared to “May Day” in 2023 and 41% compared to 2019. In terms of domestic air ticket prices, the average price of air tickets (economy class) during the “May 1st” period in 2024 was 1,040 yuan, an increase of 40% over “May Day” in 2019 before the epidemic, and an 80% increase over the 2024 Qingming holiday.