Core Viewpoint - The recent increase in flight cancellations from China to Japan has negatively impacted major Chinese airlines, leading to a decline in their stock prices. Group 1: Stock Performance - Eastern Airlines (00670) fell by 5.02%, trading at HKD 4.35 [1] - Southern Airlines (600029) (01055) decreased by 3.88%, trading at HKD 4.96 [1] - Air China (601111) (00753) dropped by 3.44%, trading at HKD 6.18 [1] Group 2: Flight Cancellation Data - 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] - Following the announcement of special ticketing plans by the three major airlines, there has been a decline in ticket bookings [1] - The future 60-day 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 significant share of international flights to Japan may face some impact due to the high passenger volume on these routes [1] - Huatai Securities noted that while there may be short-term fluctuations in the China-Japan routes, the overall impact is manageable [1] - According to CAPA data, as of October 2025, the China-Japan route accounted for 2.8% of the overall ASK (Available Seat Kilometers) for Chinese airlines, suggesting that airlines could adjust their routes to mitigate the impact [1]

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]

Core Viewpoint - Airline stocks experienced a significant decline, particularly after the Chinese Foreign Ministry advised citizens to avoid traveling to Japan, leading to major airlines offering free ticket changes for flights to Japan until December 31 [1] Group 1: Stock Performance - China Eastern Airlines (00670) fell by 4.93%, trading at HKD 4.63 [1] - China Southern Airlines (600029) (01055) decreased by 4.38%, trading at HKD 5.24 [1] - Capital Airport (00694) dropped by 2.42%, trading at HKD 2.82 [1] - Air China (601111) (00753) declined by 1.82%, trading at HKD 6.47 [1] Group 2: Market Impact - The advisory against travel to Japan is expected to impact airlines with significant passenger volumes on Japan routes, as these routes represent a substantial portion of international flights [1] - Dongxing Securities noted that airlines with a high proportion of Japan routes may face certain challenges due to the travel advisory [1] - Huatai Securities indicated that while there may be short-term fluctuations in the China-Japan routes, the overall impact is manageable, estimating that as of October 2025, the China-Japan routes accounted for 2.8% of the overall Available Seat Kilometers (ASK) in China [1]

Core Viewpoint - Airline stocks experienced a significant decline, particularly after the Chinese Foreign Ministry advised citizens to avoid traveling to Japan, leading to major airlines offering free ticket changes for flights to Japan until December 31 [1] Group 1: Stock Performance - China Eastern Airlines (00670) fell by 4.93%, trading at HKD 4.63 [1] - China Southern Airlines (01055) decreased by 4.38%, trading at HKD 5.24 [1] - Capital Airport (00694) dropped by 2.42%, trading at HKD 2.82 [1] - Air China (00753) declined by 1.82%, trading at HKD 6.47 [1] Group 2: Market Impact - Major airlines announced free ticket changes for flights to Japan due to the advisory, which is expected to impact airlines with significant passenger volumes on Japan routes [1] - Dongxing Securities noted that airlines with a high proportion of international flights to Japan may face considerable pressure [1] - Huatai Securities indicated that while there may be short-term fluctuations in the China-Japan routes, the overall impact is manageable, estimating that as of October 2025, the China-Japan routes accounted for 2.8% of the overall ASK (Available Seat Kilometers) in China [1]