Zheshang Securities Transportation Q1 performance forecast: Domestic demand continues to recover, overseas prosperity continues.
Performance outlook for the transportation Industry in Q1 2025.
CITIC Securities: In January and February, domestic airline capacity fell slightly year-on-year, with high seating rates. Recently, the year-on-year decline in ticket prices has narrowed.
Since the beginning of 2025, the Industry's seat occupancy rate has remained stable at a high level. In January and February, domestic airline capacity slightly decreased year-on-year, while the occupancy rate continued to be high, and oil exchange factors improved.
Announcement of the main operating data of Shanghai Juneyao Airlines Co., Ltd. for February 2025
Juneyao Airlines Announces Direct Flights to Japan's Kobe
Juneyao Airlines (603885.SH): In February, passenger capacity投入 decreased by 2.74% year-on-year.
According to Gelonghui on March 14, Juneyao Airlines (603885.SH) announced that in February 2025, the airline's passenger transport capacity (measured in available seat kilometers) decreased by 2.74% year-on-year, with domestic, international, and regional routes showing year-on-year changes of -14.51%, 46.13%, and -9.66% respectively; the passenger turnover (measured in revenue passenger kilometers) declined by 4.83% year-on-year, with domestic, international, and regional route passenger turnovers showing year-on-year changes of -14.48%, 39.71%, and -6.82% respectively; the passenger load factor was 85.53%, a year-on-year decrease of 1.87%.
Express News | Juneyao Airlines: In February, the passenger load factor was 85.53%, a year-on-year decrease of 1.87%.
Juneyao Airlines (603885.SH): Cumulatively repurchased 0.21% of shares.
Gelonghui March 3 - Juneyao Airlines (603885.SH) announced that as of February 28, 2025, the company has repurchased a total of 4,723,628 shares through centralized bidding trades, accounting for 0.21% of the company's total share capital (2,199,005,268 shares), with the highest purchase price being 13.18 RMB per share, the lowest price being 12.24 RMB per share, and the total amount paid being 59,990,523.6 RMB (excluding transaction costs).
HAITONG SEC: The growth rate of international flights is leading, and travel to Sanya is recovering well.
The overall growth of travel during the Spring Festival is steady, and international travel is accelerating its recovery. Attention should be given to investment opportunities in the Aviation Sector; 2025 is the year when Hainan Free Trade Port will be officially closed off, and the demand for tourism Consumer is expected to be driven, focusing on investment opportunities in Hainan travel.
Express News | Juneyao Airlines responded to providing expired nuts: some were expired by 10 days, and they have apologized and compensated each person 1,000 yuan.
A-shares showed unusual activity丨The aviation/airlines industry saw an expanded increase, with China Express Airlines hitting its price limit.
On February 24, the aviation stocks in the A-share market saw an increase, with China Express Airlines hitting the daily limit, Juneyao Airlines, Spring Airlines, China Southern Airlines, Air China Limited, and China Eastern Airlines Corporation rising by more than 3%. According to the Civil Aviation Administration of China, during the 2025 Spring Festival transportation period (from January 14 to February 22), a total of 90.2 million passengers were transported nationwide, an increase of 7.4% compared to the same period in 2024, with a total of 739,000 flights operated, both passenger transport volume and flight numbers reached historical highs.
GTJA: The demand during the Spring Festival transportation in 2025 is strong, with Aviation passenger traffic reaching new highs. The business travel after the holiday has started well.
In the Spring Festival travel season of 2025, due to strong private demand, Aviation passenger flow will hit a new high, and after the Lantern Festival, corporate business demand is expected to start well, which may catalyze optimistic expectations for the growth of Aviation demand and the continued recovery of supply and demand profitability.
Express News | Two data points show "double-digit growth" as several airlines release their January "report cards."
Cinda Securities: The profit potential for airlines is promising, suggesting a focus on Air China Limited (601111.SH) and others.
Cinda Securities rates the investment in the Aviation Industry as Bullish.
Adjusting the portfolio and conducting research simultaneously, Fund managers are busy with the "spring sowing".
On February 19, Gelonghui reported that recently, various listed companies including Aisen Co., Ltd. and Juneyao Airlines have disclosed the latest information about their top ten Shareholders due to share buyback matters, revealing the reallocation actions of several well-known Fund managers, such as Feng Mingyuan, Lin Yingrui, Xie Zhiyu, and Lu Bin. At the same time, Institutions are also intensively conducting research to find more investment opportunities, with the total number of research visits by Bosera Fund, Huaxia Fund, Silver Hua Fund, and other Institutions exceeding a hundred this year, while well-known Fund managers like Wang Guobin, Yang Zongchang, and Fan Yan frequently appear on the research lists of listed companies.
Juneyao Airlines' Passenger Capacity Rises 19% in January
Announcement of the main operating data of Shanghai Juneyao Airlines Co., Ltd. for January 2025
Express News | Juneyao Airlines: The passenger load factor in January was 82.42%, a decrease of 1.09% compared to the same period last year.
Express News | The latest movements of well-known Fund managers are revealed, with Wang Guobin and Fu Pengbo appearing on the research list.
Juneyao Airlines (603885.SH): obtained a share buyback loan from financial institutions.
On February 6, Gelonghui reported that Juneyao Airlines (603885.SH) announced that it recently received a "Share Buyback Loan Commitment Letter" issued by the Shanghai branch of the Bank Of Communications, agreeing to provide loan support for the company's application to buy back its own shares, with a loan amount of: 450 million yuan. The specific execution interest rate and other related matters concerning the Share Buyback Loan will be subject to the officially signed Share Buyback Loan Agreement by the company. Apart from the aforementioned loans, the remaining funds for this buyback will come from the company's own capital.
Juneyao Airlines to Repurchase Up to 500 Million Yuan Shares