Changes in Hong Kong stocks | The three major airlines are falling across all routes, the situation in the Middle East is repeated, oil prices have ended five consecutive declines, agencies say the airline's earnings level is still under pressure

The Zhitong Finance App learned that the three major airlines have declined across the board. As of press release, Air China (00753) fell 3.5% to HK$3.72; China Southern Airlines (01055) fell 3.15% to HK$2.925; and Eastern Airlines (00670) fell 2.48% to HK$2.56.

According to the news, the situation in the Middle East was repeated, and international oil prices ended five consecutive declines. Brent's November contract rose 3.9% to 103.08 US dollars/barrel. Iran's president said at the General Assembly that Iran will not surrender in the war against the US and will not accept force, sanctions, or military threats to force it to make concessions. The secretary of Iraq's Supreme National Security Council said that the Strait of Hormuz will not be reopened until Iraq's conditions are met. According to the annual financial reports of major airlines, aviation fuel costs usually account for 30% to 40% of operating costs.

According to the September 23 research report of Everbright Securities, the number of civil aviation flights rebounded slightly from month to month after the summer travel season ended, international cargo flights increased markedly from the previous week, and industry supply remained stable; however, overall ticket prices have remained low since September, passenger flow resilience has not been fully transformed into price elasticity, and airline revenue levels are still under pressure. It is recommended to focus on bottom layout opportunities.