China Southern Airlines Outlook Cautiously Upbeat -- Market Talk

Dow Jones01-16

0333 GMT - China Southern Airlines looks set to enjoy solid demand for domestic travel this year, but some headwinds persist, Citi analysts say in a note. Domestic travel in China will likely keep growing above prepandemic levels this year, with the upcoming Lunar New Year and the rebound of winter tourism among the drivers, they say. Citi thinks the carrier's domestic flight sales will keep improving but that pricing could come under pressure. The airline faces competition from high-speed railways and the challenge of rising demand for one-way trips. The international travel outlook is less bright, with sales possibly staying below prepandemic levels this year, Citi says. It keeps a buy call on the stock with a HK$4.60 target. Shares up 2.5% at HK$3.25. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

January 15, 2024 22:34 ET (03:34 GMT)

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Domestic travel in China will likely keep ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK0012","symbol_name":"证金概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2403400251","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2403400251","pubTimestamp":1705376040,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0333 GMT - China Southern Airlines looks set to enjoy solid demand for domestic travel this year, but some headwinds persist, Citi analysts say in a note. Domestic travel in China will likely keep growing above prepandemic levels this year, with the upcoming Lunar New Year and the rebound of winter tourism among the drivers, they say. Citi thinks the carrier's domestic flight sales will keep improving but that pricing could come under pressure. The airline faces competition from high-speed railways and the challenge of rising demand for one-way trips. The international travel outlook is less bright, with sales possibly staying below prepandemic levels this year, Citi says. It keeps a buy call on the stock with a HK$4.60 target. Shares up 2.5% at HK$3.25. 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