Changes in Hong Kong stocks | Airline stocks are reversing the rise in oil prices and exchange rates to help airlines reduce costs. The passenger occupancy rate of the three major airlines is still strong during the off-season

The Zhitong Finance App learned that airline stocks rose against the market. As of press release, China Eastern Airlines (00670) rose 1.92% to HK$4.78; China Southern Airlines (01055) rose 1.16% to HK$5.25; and Air China (00753) rose 0.94% to HK$6.43.

According to news, the onshore and offshore RMB exchange rates against the US dollar strengthened once again on December 16. Among them, the offshore RMB exchange rate against the US dollar once again broke through 7.04 and once rose to 7.03725 intraday, a new high since October 4, 2024. Furthermore, the three major airlines still have strong passenger occupancy rates during the off-season. The passenger occupancy rate of Eastern Airlines in November was 87.37%, up 3.04 percentage points from the previous year; the passenger occupancy rate of China Southern Airlines in November was 86.29%, up 1.36 percentage points from the previous year; the average passenger occupancy rate of Air China in November was 83.3%, up 4 percentage points from the previous year.

The Huatai Securities Research Report points out that in the future, off-season high-frequency data may be difficult to catalyze. Short-term fluctuations will receive less attention, and more attention will be paid to the 26th Spring Festival travel season data performance; medium- to long-term industry supply growth may remain low, and improvements in the economy are expected to lead to higher ticket prices. At the same time, oil prices and the exchange rate of the US dollar to RMB are expected to reduce cost pressure and jointly improve airline profits. Prefer AH, the three major state-owned airlines with high win rates+high odds, and then choose other private airlines.