601111 Air China Limited
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Air China Limited News
Changes in Hong Kong stocks | Aviation stocks are generally falling, and the domestic flight market is still under pressure from fares, and the cost side is still being suppressed by high oil prices
The Zhitong Finance App learned that aviation stocks were generally lower. As of press release, China Eastern Airlines (00670) fell 2.88% to HK$2.02; China Southern Airlines (01055) fell 2.34% to HK$2.92; and Air China (00753) fell 1.49% to HK$3.98. According to the news, Dongwu Securities (Hong Kong) pointed out that oversupply in the domestic market is expected to ease marginally in 2024, but pressure on ticket prices still exists. The bank believes that with the gradual return of wide-body aircraft to international routes, the domestic market supply and demand pattern will improve compared to 2023, leading to a moderate year-on-year rise in bare ticket prices. But test
Express News | China Southern Airlines and Air China each ordered 100 C919, and the three major airlines have ordered more than 300 aircraft in total
Express News | The first quarter revenue of the seven major airlines was 174.9 billion yuan: international route traffic doubled, and Spring Airlines was the most profitable
Air China to Acquire 100 C919 Aircraft for $10.8 Billion
Air China (HKG:0753, SHA:601111) will acquire 100 C919 aircraft from The Commercial Aircraft Corporation of China for $10.8 billion, according to a Friday filing on the Hong Kong bourse. Air China wil
New characteristics of “May Day” tourism: Cruise ships are on the rise, the entry/exit market heats up, and ticket prices “dive” during the temporary period?
The “May Day” holiday is approaching. The Financial Services Association reporter learned that the biggest difference between this year's “May Day” holiday and last year is the reentry of the cruise market. In addition, there are also changes such as the heating up of the inbound travel market and the expansion of the range of outbound travel destination choices compared to last year.
Hong Kong stocks closed (04.29) | Hang Seng Index closed up 0.54%, domestic housing stocks exploded across the board, Shimao Group (00813) soared more than 60%
The Zhitong Finance App learned that the three major indices of Hong Kong stocks rose sharply in early trading and then fell. The Hang Seng Index rose more than 2% at one point, rebounded 20% since the January low, and entered a technical bull market. It had a high score of 1,8031 points in the intraday period, hitting the 18,000 mark. At the close, the Hang Seng Index rose 0.54% or 95.76 points to 17746.91 points, with a full-day turnover of HK$163.417 billion; the Hang Seng State-owned Enterprises Index rose 0.21% to 6282.86 points; and the Hang Seng Technology Index fell 0.13% to 3713.32 points. Ping An Securities pointed out that overall, the financial aspects of Hong Kong stocks have improved
Air China (601111): 24Q1 loss of 1,674 billion yuan, a significant year-on-year reduction in losses
Key Investment Highlights The company announced 24Q1 results: revenue of 40.066 billion yuan, a year-on-year increase of 59.83%, net profit to mother of 1,674 billion yuan (23Q1 was -2,926 billion yuan), net profit not attributable to mother-1
Air China Reports Strong Revenue Growth Amid Losses
Express News | UBS: Air China's net loss in the first quarter fell far short of expectations, giving it a “sell and sell” rating
Big Bank Ratings | UBS: Air China's net loss in the first quarter fell far short of expectations, giving it a “sell and sell” rating
Glonghui, April 29 | UBS released a report stating that Air China's revenue for the first quarter was 40.1 billion yuan, up 60% year over year, but recorded a net loss of 1.67 billion yuan. Compared with 2.93 billion yuan in the same period last year, it fell far short of the bank and market expectations. The company did not provide an updated outlook. In addition, Air China announced the purchase of 100 C919 aircraft from COMAC, with a total listing price of 10.8 billion US dollars. The bank believes that the actual price will be lower because COMAC provides significant discounts. The aircraft will be delivered from 2024 to 2031. The reservation is expected, before the dynamic improvement in supply and demand and ticket prices
Air China Signs Deal to Buy 100 C919 Aircraft for $11b
Air China announced on Friday night to purchase 100 C919 aircraft from Commercial Aircraft Corp of China (COMAC), the plane manufacturer.
Citigroup: Air China's losses in the first quarter were dragged down by high sales costs
Glonghui, April 29 | Citigroup released a report saying that Air China (0753.HK)'s revenue for 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. Citi anticipates 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's forecast, each barrel of cloth oil this year
Air China Resumes Beijing-Madrid-Sao Paulo Flight Route
Civil aviation stocks fell sharply. Air China fell 5%, China Airlines fell more than 4%, and Juneyao Airlines, China Southern Airlines, and Spring Airlines generally fell.
Civil aviation stocks fell sharply. Air China fell 5%, China Airlines fell more than 4%, and Juneyao Airlines, China Southern Airlines, and Spring Airlines generally fell.
Air China Net Loss Narrowed on Surge in Air Travel
By Kimberley Kao Air China's first-quarter net loss narrowed as sales nearly doubled on increased travel. Net loss in the quarter ended March 31 narrowed to 1.67 billion yuan ($230.5 million) from C
Airline tickets are temporarily diving, hotel prices are rising again, and inbound and outbound travel is hot! Regulatory requirements in many places regulate operations
The countdown to this year's “May Day” holiday is in its final stages. When traveling during the holidays, transportation and accommodation costs are topics that can never be circumvented. Shortage of supply of high-speed rail, flights, and hotels due to concentrated tourist travel is the focus of recent netizens' comments.
Air China: 1Q24 losses narrowed year on year and need further recovery
1Q24 losses narrowed year-on-year, and I expect to take advantage of the peak season to pick up further; maintaining “buying” Air China's 1Q24 revenue of 40.66 billion yuan, an increase of 59.8% over the same period, and a net loss of 1,674 billion yuan to mother, which is far lower than mine
中國國航：二零二四年第一季度報告
Air China to Buy 100 Locally Made C919 Jets in $11 Billion Deal
Air China: Purchase of 100 C919 aircraft from COMAC
Greenhui, April 26 | Air China Co., Ltd. announced that the Company and COMAC signed an agreement on April 26, 2024 to purchase 100 C919 aircraft from COMAC. The above 100 aircraft are scheduled to be delivered to the Company in batches from 2024 to 2031.
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