With China's domestic and foreign flights continued to recover, China's three major airlines collectively turned losses in the third quarter of this year.
Comprehensive Surging News and Reuters reported that Air China, China China Eastern Airlines and Southern Airlines were disclosed in the third quarter of this year's financial report on Friday (October 27).According to the financial report, in the first three quarters of this year, the three major aviation combined achieved a total of 310.506 billion yuan (RMB, the same below, about 58.6 billion yuan), with a net loss of 496 million yuan.In the third quarter of the three major airlines, single -quarter revenue was raised by the summer, Mid -Autumn Festival and other holidays, and all achieved a sharp rise year -on -year.
Among the three major airlines that achieved profitability, China Southern Airlines revenue was 47.661 billion yuan; Air China followed by 45.864 billion yuan, but the revenue increased by more than 1.5 times; again it was China Eastern Airlines, with revenue of 36.113 billion yuanYuan, a year -on -year increase of nearly 1.2 times.In the third quarter of the three quarters, the net profit returned to the mother in the third quarter also achieved losses year -on -year, around 4 billion yuan.
In the first three quarters, Air China and China Southern Airlines have exceeded 100 billion yuan, and they have achieved losses. The net profit was 791 million yuan and 1.32 billion yuan, respectively.Eastern Airlines still lost 2.607 billion yuan, but reduced losses over 90 % year -on -year.
The favorable news boosted. As of Friday's close, the aviation stocks became popular across the board.China Airlines reported to 7.73 yuan per share, up 2.79%; China Eastern Airlines reported 4.24 yuan per share, up 1.92%; Southern Airlines reported 6.09 yuan per share, up 4.28%.
In addition, Liang Nan, the director of the Department of Transport of the Chinese Civil Aviation Administration, previewed at a press conference on Friday that from October 29, 2023 to March 30, 2024, 51 domestic airlines plan to arrange for domestic (It does not include Hong Kong, Macao and Taiwan) flights 96,651, which is 33.95%over the 2019/20 winter and spring of 2019/201, of which 516 new domestic routes are added, and 7202 flights are added every week.
