|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.5208 - 0.5208|
|52 Week Range||0.4900 - 0.6700|
|Beta (5Y Monthly)||1.51|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Jun 28, 2019|
|1y Target Est||N/A|
China Southern Airlines Co Ltd this week conducted test flights with a Boeing Co 737 MAX plane for the first time since March, flight tracking websites showed, in a sign the jet's return in China could be nearing as demand rebounds. A MAX jet registered as B-1127 took off from the airline's headquarters city of Guangzhou on Tuesday morning and touched down about two hours later in the city of Nanyang in central China, according to aviation data provider Variflight. China Southern, which has a pilot training base in Nanyang, did not respond to a request for comment.
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.
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.