Changes in Hong Kong stocks | Aviation stocks fall under pressure, fuel costs remain under pressure, and the five major airlines lost their entire line in the second quarter

The Zhitong Finance App learned that aviation stocks fell under pressure. As of press release, China Eastern Airlines (00670) fell 3.72% to HK$3.11; Air China (01055) fell 2.57% to HK$4.17; China Southern Airlines (01055) fell 2.89% to HK$3.36; and Cathay Pacific (00293) fell 1.34% to HK$14.77.

According to the news, the situation in the Middle East has twists and turns, and the fuel cost side of airlines is still under pressure. China Merchants Securities released a research report saying that in the short term, there is still uncertainty about the situation between the US and Iran and the strait traffic situation, and we need to pay attention to the impact of the twists and turns of the situation in the Middle East on oil prices and sector sentiment. Currently, the overall market value of the sector is low since the epidemic. If cost pressure is relieved, it is expected to catalyze profit and market value elasticity.

It is worth noting that the performance forecast shows that the five major airlines ended their profit trend in the first quarter and lost money across the board in the second quarter. Among them, China Southern Airlines is expected to lose 3.473 billion yuan to 3,973 billion yuan in the first half of the year, Air China is expected to lose 2.1 billion yuan to 2.6 billion yuan, and China Eastern Airlines is expected to lose 1.8 billion yuan to 2.4 billion yuan. The total loss of the three major airlines is 7.373 billion yuan to 8.973 billion yuan, and the scale of losses will increase further compared to the same period in 2025.