JPAIRCN@EC2603A

China National Airlines Receives SSE Review Opinion on Stock Issuance, Awaits CSRC Approval

Morgan Stanley Upgrades Air China Stock Rating to Overweight

Air China Increases 25 Aircraft for 2026 Spring Festival Travel Rush

Three State-Owned Airlines Release 2025 Earnings Forecasts

Air China Issues Profit Warning, Forecasting Losses for 2025

China National Airlines Expected to Report Net Loss of RMB 1.3 to 1.9 Billion in 2025

Air China Launches New Direct Flights Between Beijing and Abu Dhabi

China National Aviation replies to SSE's first round of inquiries on 定向 issuance of stocks

Air China passenger traffic up 8.7% in December

Air China Passenger Turnover Up in December 2025

Air China's Application for Issuing A-shares Accepted by SSE

Cathay Pacific and Air China Complete Share Transfer, Swire Applies for Offer Exemption

Air China Sells Partial Stake in Cathay Pacific

Chengdu International Aviation Hub Exceeds 90 Million Passengers Annually

Aerospace and Tourism Sector Performs Well Due to Holiday Travel Boom and Supply-Demand Improvement

Air China and Its Subsidiary Sign an Agreement to Purchase 60 A320NEO Aircraft from Airbus

Air China Receives its 9th C919 Aircraft

C919 Delivery to Air China by Jianxin Financial Leasing

Air China Cargo 5.4% Shares Lock-up Period Ends

Goldman Sachs Recommends Buying Air China and COSCO Energy, Downgrades COSCO Shipping

UNI PRINTSHOP

WING CHI HLDGS

CINESE INTL

WAN KEI GROUP

CHINA WACAN

JH EDUCATION

DIGITAL DOMAIN

LOTUS HORIZON

VICO INTL HLDGS

K W NELSON GP

601111

00753

Air China Limited has received approval from the Shanghai Stock Exchange for its A Share issuance application. The application meets the necessary conditions and requirements, but final approval from the China Securities Regulatory Commission (CSRC) is still pending. Air China will continue to comply with information disclosure obligations as required by law. No additional beneficiary organizations were mentioned in the announcement.

Reuters

Air China

AIR CHINA

Shanghai Stock Exchange Approves Air China Limited's A Share Issuance Application

Morgan Stanley Upgrades Air China to Overweight from Equal-weight; Price Target is 11.10 Yuan

marketscreener

Morgan Stanley Upgrades Air China to Overweight from Equal-weight; Price Target is 11.10 Yuan

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01055

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Morgan Stanley is optimistic about the upward cycle of the three major Chinese airline stocks, expecting the airline industry to begin improving in the fourth quarter of 2025 and gain momentum in 2026 to 2027. The firm has raised the average target price for the airline sector by 42% and upgraded the H-share ratings of Air China, China Eastern Airlines, and China Southern Airlines to "Overweight." It is anticipated that the passenger load factor will improve by 1 to 2 percentage points, enhancing pricing power, with the profit forecast for 2027 exceeding market consensus expectations by 17%

AASTOCKS

CHINA SOUTH AIR

CHINA EAST AIR

Morgan Stanley is optimistic about the upward cycle of the three major Chinese airline stocks and has significantly raised the target price

ATAT

01179

JETS

AWAY

Morgan Stanley released a report stating that the recovery of the mainland tourism industry is strong, and it is expected that by 2030, domestic tourism consumption will account for 18% of per capita consumption. The firm is optimistic about companies such as Air China, HWORLD-S, and Atour, believing that airlines will enhance pricing power, supporting valuation upgrades. The hotel industry is also expected to see profit growth, with an annual increase of 10% to 25%. It is recommended to focus on key stocks benefiting from the growth in tourism demand and to consider investments in online travel platforms after the conclusion of antitrust investigations

Atour

HWORLD-S

Us Global Jets

ETFMG Travel Tech ETF

Morgan Stanley: The recovery of the mainland tourism industry is strong, optimistic about Air China, HWORLD-S, and Atour, etc

601021

Morgan Stanley has upgraded the A-share ratings of Air China, China Eastern Airlines, and China Southern Airlines to overweight, expecting the recovery to continue until 2026-2027 driven by favorable demand. Despite low investor confidence, potential price increases will help boost market sentiment. Meanwhile, JP Morgan maintains an overweight rating on the H-shares of the three major airlines and Spring Airlines

Wallstreetcn

Morgan Stanley upgrades the A-share ratings of China's three major airlines to overweight

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YANKUANG ENERGY(01171) rose 10.58%, with a trading turnover 1.6 Billion HKD, and a year-to-date rose 29.3%. EASTROC(09980) rose 9.53%, with a trading turnover 819.7 Million HKD, and a year-to-date rose 11.2%. MINIMAX-WP(00100) fell 8.43%, with a trading turnover 691.1 Million HKD, and a year-to-date rose 222.4%. KNOWLEDGE ATLAS(02513) fell 6.58%, with a trading turnover 254.1 Million HKD, and a year-to-date rose 95.5%.

Top Gainers & Losers

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KNOWLEDGE ATLAS

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Top 5 HK Stock Gainers/Losers (>100B) (2.4)

Air China Expects Upto 1.9 Billion Yuan in 2025 Loss

Air China Expects Upto 1.9 Billion Yuan in 2025 Loss

Air China issued a profit warning, expecting a loss between RMB 1.3 billion and RMB 1.9 billion for the fiscal year 2025, compared to a loss of RMB 237 million in the previous year. The reason is that the company strictly adheres to corporate accounting standards and reviews the carrying value of deferred tax assets on the balance sheet date, resulting in the reversal of a portion of deferred tax assets

"Profit Warning" Air China estimates a loss of 1.3 billion to 1.9 billion yuan last year

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China Southern Airlines and Hainan Airlines are expected to turn a profit in the fiscal year 2025, becoming the first among the three major airlines to achieve profitability. Huaxia Airlines' net profit has expanded year-on-year, while Eastern Airlines' losses have narrowed year-on-year. In contrast, Air China's losses have widened year-on-year

Hainan Airlines Holding

Civil aviation continues to recover: China Southern Airlines and Hainan Airlines are expected to turn losses into profits for last year, while China Eastern Airlines' net loss has significantly narrowed

Air China Limited provided earnings guidance for the year of 2025. For the year, Company is expected to record a loss . It is expected that the net loss attributable to equity holders of the Company would be approximately RMB 1.3 billion to RMB 1.9 billion, and the net loss attributable to equity holders of the Company after deducting non-recurring profit or loss would be approximately RMB 1.9 billion to RMB 2.7 billion.

Air China Limited Provides Earnings Guidance for the Year of 2025

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Air China Limited has issued a profit warning for the year ending December 31, 2025, expecting a net loss of approximately RMB1.3 billion to RMB1.9 billion. After accounting for non-recurring items, the loss could reach between RMB1.9 billion and RMB2.7 billion, a significant increase from the previous year's losses. The company attributes these losses to ongoing operational optimization efforts, despite stable economic conditions in the aviation industry. The financial figures are preliminary and unaudited.

ChinaAMC CSI All Share Transportation ETF

TRAVELSKY TECH

Air China Expects 2025 Net Loss of Up to RMB 1.9 Billion

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CHALCO(02600) rose 12.72%, with a trading turnover 1.8 Billion HKD, and a year-to-date rose 23.7%. ZIJIN GOLD INTL(02259) rose 8.67%, with a trading turnover 1.9 Billion HKD, and a year-to-date rose 73.4%. MIXUE GROUP(02097) fell 10.89%, with a trading turnover 1.3 Billion HKD, and a year-to-date fell 3%. CHINA SOUTH AIR(01055) fell 6.83%, with a trading turnover 222.7 Million HKD, and a year-to-date fell 4%.

CHALCO

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Top 5 HK Stock Gainers/Losers (>100B) (1.28)

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Air China has launched a new direct flight service between Beijing Capital International Airport and Abu Dhabi, operating four times weekly. This route enhances connectivity between China and the Middle East, positioning Abu Dhabi as a strategic gateway in global aviation. The service connects both of Beijing's international airports to Abu Dhabi, reflecting increasing demand and strengthening economic and tourism ties under the Belt and Road Initiative. Abu Dhabi Airports' CEO emphasized the importance of this new service for the airport's growth and connectivity.

Zawya

BEIJING AIRPORT

ZAWYA-SNG: Air China launches Beijing–Abu Dhabi direct flights

JPAIRCN@EC2603A(18079.HK)

Shanghai Stock Exchange Approves Air China Limited's A Share Issuance Application

Morgan Stanley Upgrades Air China to Overweight from Equal-weight; Price Target is 11.10 Yuan

Morgan Stanley is optimistic about the upward cycle of the three major Chinese airline stocks and has significantly raised the target price

Morgan Stanley: The recovery of the mainland tourism industry is strong, optimistic about Air China, HWORLD-S, and Atour, etc

Morgan Stanley upgrades the A-share ratings of China's three major airlines to overweight