|Bid||27.9100 x 900|
|Ask||28.0000 x 800|
|Day's Range||27.7138 - 27.9800|
|52 Week Range||25.6000 - 70.5200|
|Beta (3Y Monthly)||2.34|
|PE Ratio (TTM)||6.99|
|Forward Dividend & Yield||0.78 (2.95%)|
|1y Target Est||183.08|
Foreign airlines that fly on 20 popular long-haul routes to China will face fresh competitive pressure as Beijing begins to ease decade-old restrictions on Oct. 1, allowing more Chinese carriers to offer service. The change affects about 20 percent of Chinese long-haul daily capacity, according to data compiled for Reuters by Chinese aviation data firm Variflight. It will turn up the heat on U.S. and European carriers like United Airlines (:UAL.O) and Air France KLM (:AIRF.PA), which have higher costs, lower outbound demand from their countries and less cultural appeal to Chinese travelers.
Beijing has maintained a resolute stance in the face of U.S. tariff threats, but many Chinese companies are acknowledging that their businesses could be hit by the ongoing trade war. Industrial and Commercial Bank of China, or ICBC, said late last month that a primary challenge the bank faces is increased instability and uncertainty in the international environment and intensifying global financial market volatility, especially since rising U.S.-China economic tensions may negatively affect many sectors. Several of China largest companies are acknowledging that they're concerned about risks from a trade war with the U.S.
Beijing has maintained a resolute stance in the face of U.S. tariff threats, but many Chinese companies are acknowledging that their businesses could be hit by the ongoing trade war.
Investing.com – Chinese airline stocks continue to take a drubbing the Hong Kong bourse, just months after being tipped for big gains.
China’s biggest airlines are ready to turn off their seat belt signs after a period of turbulence. All three airlines suffered heavy FX-related losses in the first half: Factor them out of Air China’s numbers, for example, and pretax profit would have been up 6.8%, rather than down 3.2%. China Southern, for example, reduced its dollar-denominated borrowings and lease obligations as a portion of total borrowings and lease obligations to 34% by the end of 2017, from 93% three years earlier.
Air France-KLM (AFLYY) has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions as well.
A hard copy of the Company's complete audited annual report will be provided to any shareholder, free of charge, upon written request addressed to Company Secretary Office, China Southern Airlines Company Limited, at 278 Jichang Road, Guangzhou 510405 Guangdong Province, the Peoples Republic of China. During 2017, the Group recorded an operating revenue of RMB127,806 million, the Group recorded a net profit attributable to equity shareholders of the Company of RMB5,961 million. The board of the Company recommended the payment of a final dividend of RMB0.1 (inclusive of applicable tax) per share.
The order, including 20 737 MAX 8s and 10 737 MAX 10s for delivery between 2019 and 2022 will be used to increase efficiency and capacity, China Southern said in a filing to the Hong Kong Stock Exchange. Xiamen Airlines in July had signed a provisional deal during the 2017 Paris Airshow to join the group of launch customers for the 737 MAX 10, the largest version of the Boeing narrowbody family.
Here's how American Airlines doesn't have any pilots for the holiday season, and what the pilots want to come back.