(Original title: Airline fuel surcharges have been lowered twice this year, civil aviation demand is expected to continue to recover)
According to China Communications News, Fliggy has received notices from China Eastern Airlines, Shanghai Airlines and other domestic airlines that they will adjust the fuel surcharge standards for domestic flights starting at 00:00 on April 5 (the date of ticket issuance). The adjusted standard is, for adult passengers: RMB 30 per passenger for segments less than 800 kilometers (inclusive), and RMB 60 per passenger for segments longer than 800 kilometers, which are respectively reduced by RMB 10 and RMB 20 compared to before adjustment . This is also the second reduction in fuel costs since 2023.
Previously, Dongguan Securities pointed out that since December 2022, expectations for the end of the U.S. interest rate hike cycle have been strong, and the U.S. dollar has depreciated rapidly. As of February 20, 2023, the middle price of the U.S. dollar against the RMB is 6.86, which will reduce airline exchange losses. Therefore, the overall cost of airlines is on a downward trend, and it is expected to further expand the profit margins of airlines. The reduction of fuel surcharges may reduce ticket prices in disguise, attract more price-sensitive tourists, and strengthen the profitability of airlines. In 2023, the profitability of airlines will be more flexible. Can be expected.
The agency pointed out in a research report that it is expected that with the end of the peak period of the domestic epidemic, the fear of the epidemic will fade, and the travel demand will gradually be released, and the off-peak travel performance in the off-season from February to April is expected to exceed expectations. In addition, my country’s economic recovery will drive the rapid recovery of business travel, and the recovery of travel is expected. The passenger traffic of civil aviation and other public transportation will gradually pick up. The recovery market in 2023 after the chain epidemic is expected. In terms of aviation, after the peak of the Class B and B regulations and the epidemic situation, travel obstacles are basically cleared. Business travel is the first to recover, and travel travel demand is gradually released. However, the low supply growth of airline companies and the slowdown of cost pressures magnify the flexibility of performance. Davis is expected to usher in a double-click , It is recommended to pay attention to Air China (601111), China Eastern Airlines (600115), China Southern Airlines (600029), Spring Airlines (601021), Juneyao Airlines (603885).
This article comes from: Financial circles
