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Express News | Currently, the flights of China's three major airlines have not been affected by any widespread system or technical malfunctions.
Express News | Several major airlines in the USA have suspended global flights, but Chinese airlines are unaffected.
HKEx Market Update: Beijing Capital Airport (00694) falls more than 5% in the first complete quarter after adjusting the duty-free rent, and the revenue of Beijing Capital Airport decreased slightly month-on-month.
As of the time of writing, Beijing Capital International Airport (00694) has dropped more than 5%, with a decrease of 4.98% to HKD 2.67, with a turnover of HKD 31.9665 million.
Hong Kong's Civil Aviation Authority has introduced a cash reward plan to encourage airlines to add new routes and flights.
To encourage airlines to open more routes and increase flights, the Hong Kong Airport Authority has launched two incentive programs. If airlines develop new routes, add or increase flights between Hong Kong, and calculate based on the weight of the aircraft, they can receive a reward of HKD 0.01 million to 0.02 million per trip in the first year. The expected annual reward for each route is about HKD 7 million to 8 million, and there is no upper limit on the total amount of rewards.
With the improvement of operation indicators and the strong supply and demand of summer transportation, will the aviation/airlines industry rise?
It is expected that 0.133 billion passengers will be transported during the summer vacation.
HK stocks anomaly | The aviation/airlines industry is under pressure, and the three major airlines are still operating at a loss. The peak season of summer travel is worth looking forward to.
According to the news on Zhitong Finance App, aviation/airlines industry is under pressure collectively. At the time of publication, China Southern Airlines (01055) fell 3.33% to HKD 2.9; China Eastern Airlines Corporation (00670) fell 2.86% to HKD 2.04; Air China Limited (00753) fell 1.9% to HKD 3.62; and Beijing Capital International Airport (00694) fell 1.75% to HKD 2.5. In terms of the news, Air China Limited, China Southern Airlines, and China Eastern Airlines Corporation have recently collectively released their performance forecasts for the first half of 2024. In the first half of this year, all three major airlines are expected to incur losses, with a combined net loss estimated to be between CNY 5.76 billion and CNY 7.48 billion. The three major
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