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China Southern Airlines Company Limited (CHKIF)

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0.55110.0000 (0.00%)
At close: 03:11PM EDT
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  • Motley Fool

    Why Boeing Stock Bounced Back Today

    Aerospace behemoth Boeing (NYSE: BA) stock took a 2.5% hit on Monday after Bloomberg reported that China Southern Airlines (NYSE: ZNH) is delaying acceptance of deliveries of more than 100 Boeing 737 MAX jetliners to 2025 or later. The good news is that Boeing stock is turning around and regaining altitude this morning, up 3.5% as of 11:40 a.m. ET on a note from JPMorgan that argues the news is "not as stark" as it first appeared to be. Contradicting Bloomberg's read on the situation, JP observes that China Southern not saying it plans to accept deliveries through 2024 is not the same thing as China Southern saying it will not accept the planes, reports TheFly.com today.

  • Reuters

    China's top airlines post heavy Q1 losses on COVID curbs

    China's three biggest airlines have reported heavy first-quarter losses as prolonged COVID curbs weighed on travel demand and a weakening Chinese currency and rising fuel prices inflated costs, trends which persist in the current quarter. Analysts expect another year in the red for Chinese airlines as Beijing sticks with its zero-COVID policy to stop the spread of the virus. China Eastern Airlines on Friday reported a first-quarter net loss of 7.8 billion yuan ($1.18 billion) versus 3.8 billion a year earlier.

  • Reuters

    China Southern Airlines completes Boeing 737 MAX test flight

    China Southern Airlines, one of the country's three biggest carriers, completed a test flight of the Boeing 737 MAX on Friday, as Chinese airlines gear up for the model's return to service. The Civil Aviation Administration of China (CAAC), the first regulator globally to ground the 737 MAX following two fatal crashes, approved design changes in early December after more than two and a half years. The regulator had expected airlines to resume commercial flights around the beginning of this year.