Core Viewpoint - The recent decline in Chinese airline stocks is attributed to a significant increase in flight cancellations to Japan, leading to a decrease in ticket bookings and impacting major airlines like China Eastern Airlines, China Southern Airlines, and Air China [1] Group 1: Stock Performance - China Eastern Airlines (00670) shares fell by 5.02%, trading at HKD 4.35 [1] - China Southern Airlines (01055) shares decreased by 3.88%, trading at HKD 4.96 [1] - Air China (00753) shares dropped by 3.44%, trading at HKD 6.18 [1] Group 2: Flight Cancellations and Bookings - From November 24 to December 31, the number of planned flights from China to Japan increased by approximately 56% compared to the same period last month [1] - The ticket booking volume for flights from China to Japan has decreased by about 29% compared to the same period on November 15 [1] Group 3: Analyst Insights - Dongxing Securities indicated that airlines with a high proportion of international flights to Japan may face certain impacts due to the large passenger flow on this route [1] - Huatai Securities noted that while there may be fluctuations in the China-Japan route in the short term, the overall impact is manageable, with the China-Japan route accounting for 2.8% of the overall ASK (Available Seat Kilometers) for Chinese airlines as of October 2025 [1]
港股异动 | 航空股跌幅居前 赴日航班取消量激增56% 机构称航司将通过调配航线缓和影响