Changes in Hong Kong stocks | The sharp rise in oil prices will eat away at airline profits, China Eastern Airlines (00670) falls by more than 4%, and Air China (00753) falls by more than 2%

The Zhitong Finance App learned that aviation stocks continued to be under pressure. As of press release, China Eastern Airlines (00670) fell 4.22% to HK$2.95; Air China (00753) fell 2.49% to HK$3.92; and China Southern Airlines (01055) fell 2.1% to HK$3.27.

According to the news, the international crude oil market experienced a sharp jump on July 13 due to soaring geographical risk premiums and concentrated outbursts of market supply concerns. The two major benchmark crude oil futures rose close to 10%. Earlier, US President Trump announced through a social media post that the US will resume its naval blockade against Iran and levy a 20% fee on all goods transported through the Strait of Hormuz.

According to reports, fuel is one of the most important costs for airlines. According to data from several airline companies' 2025 annual reports, fuel costs generally account for about 30% of operating costs. Juneyao Airlines previously announced that it expects to achieve net profit of 140 million yuan to 210 million yuan in the semi-annual year of 2026, a year-on-year decrease of 58.46% to 72.30%. Mainly affected by changes in the international energy market situation, aviation fuel prices rose sharply year on year in the second quarter, directly driving up the company's current core operating costs and leading to losses in the second quarter.