Chinese Air Carriers' Earnings Could Be Weighed by Fuel Prices -- Market Talk

Dow Jones06-24

0310 GMT - Chinese airlines could see their earnings weighed by fuel prices, Citi Research analyst Amy Han writes in note. The expected increase in jet fuel prices and U.S. dollar's strength over the year will likely lead to net profits declining in 2024-2025 for Air China, China Eastern Airlines and China Southern Airlines, Han says. Nonetheless, some domestic and outbound routes have seen prices increase, suggesting positive demand in the summer, continuing the outbound capacity recovery improvement from May, Han adds. Citi maintains a buy rating for the three airlines; the target price for Air China is trimmed to HK$5.35 from HK$7.10; China Eastern Airlines is cut to HK$2.53 from HK$3.30; China Southern Airlines is cut to HK$3.80 from HK$4.60. (kimberley.kao@wsj.com)

(END) Dow Jones Newswires

June 23, 2024 23:10 ET (03:10 GMT)

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Nonetheless, some domestic and outbound routes have seen prices increase, suggesting positive demand in the summer, continuing the outbound capacity recovery improvement from May, Han adds. Citi maintains a buy rating for the three airlines; the target price for Air China is trimmed to HK$5.35 from HK$7.10; China Eastern Airlines is cut to HK$2.53 from HK$3.30; China Southern Airlines is cut to HK$3.80 from HK$4.60. 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The expected increase in jet fuel prices and U.S. dollar's strength over the ...</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":"601111","symbol_name":"中国国航","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2445018391","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2445018391","pubTimestamp":1719198600,"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":"0310 GMT - Chinese airlines could see their earnings weighed by fuel prices, Citi Research analyst Amy Han writes in note. 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