Changes in Hong Kong stocks | The three major airlines are under pressure this morning, the situation in the Middle East is tightening, oil prices are rising again, and the transmission of oil prices is limited, and industrial operations are expected to be under pressure

The Zhitong Finance App learned that the three major airlines were collectively under pressure this morning. As of press release, Air China (00753) fell 3.14% to HK$3.705; China Southern Airlines (01055) fell 2.64% to HK$2.995; and China Eastern Airlines (00670) fell 2.06% to HK$2.615.

According to the news, the situation in the Middle East is once again tightening. On the evening of September 13, local time, the Ministry of Foreign Affairs of Oman announced that the regional conference originally scheduled to be held on the 14th in the southern port city of Salalah in Oman will be postponed. Furthermore, Saudi Arabia claims that the East-West oil pipeline has been attacked many times and has taken preventive closure measures. Sources pointed out that the Saudi pipeline interruption could result in a loss of 4% of global oil supply. Affected by this, international oil prices jumped during the Asian session, and Brent crude oil once hit 108 US dollars.

Cathay Pacific Haitong Securities pointed out that the price of fuel used by airlines increased by more than 40% year on year in Q3. Weak demand during the summer travel season and limited transmission of oil prices due to increased airline investment and price exchange, which is expected to put pressure on industry operations. In addition, pre-sales for the National Day holiday are still in the early stages. It has been observed that hotel reservations increased by more than 10% year-on-year, reflecting strong demand for private travel. The pre-holiday competition effect is significant, or may promote remote travel during and after the holiday season, but it will affect commercial travel before and after the holiday season, and erroneous peak travel or affect peak ticket price performance.