Core Viewpoint - Airline stocks have declined significantly due to the cancellation of flights to Japan, with major airlines facing direct risks to profitability as travel restrictions are extended [1] Group 1: Airline Stock Performance - Eastern Airlines (00670) dropped by 4.56%, trading at 4.4 HKD [1] - Southern Airlines (01055) fell by 2.33%, trading at 5.02 HKD [1] - Air China (00753) decreased by 2.33%, trading at 6.3 HKD [1] Group 2: Flight Cancellations and Impact - As of November 24, 12 routes between China and Japan have canceled all flights, affecting cities like Nagoya, Fukuoka, Sapporo, and Osaka [1] - The cancellation rate for planned flights to Japan is expected to reach 21.6% by November 27, the highest in a month [1] - The Chinese Embassy in Japan has issued warnings to citizens regarding personal safety [1] Group 3: Analyst Insights - HSBC's report indicates that multiple departments have advised Chinese citizens to exercise caution when traveling to Japan [1] - Chinese airlines have received requests to reduce flights to Japan, with measures expected to last until the end of March next year [1] - The extension of flight reductions includes the profitable Lunar New Year holiday period, posing a direct risk to airline profitability [1]