Group 1 - The core viewpoint of the articles highlights the positive performance of major Chinese airlines in terms of passenger load factors during the off-peak season, indicating a recovery in demand [1][2] - Eastern Airlines reported a passenger load factor of 87.37%, an increase of 3.04 percentage points year-on-year [1] - Southern Airlines achieved a load factor of 86.29%, up by 1.36 percentage points year-on-year [1] - Air China recorded a load factor of 83.3%, which is a 4 percentage point increase year-on-year [1] - Citic Securities noted that the load factors for the airlines during the off-peak season are high, ranging from 85.3% to 93.2%, suggesting a potential for improved pricing power as demand recovers [1] Group 2 - Morgan Stanley reported that despite adjustments to Japanese routes, the airport passenger traffic in mainland China showed healthy growth in November, with Beijing Capital International Airport, Shanghai Pudong, Hongqiao International Airports, and Guangzhou Baiyun International Airport experiencing year-on-year growth rates of 9%, 11%, and 13% respectively [2] - The growth in non-domestic passenger traffic was approximately 20% in November [2] - Overall, the non-domestic airline capacity remained stable, while there was an increase in capacity for routes to Australia, Southeast Asia, Hong Kong, and Macau [2]
港股异动 航空股早盘再度走高 11月航司淡季客座率表现亮眼 机场客流量仍健康增长