Seven airlines lost 21.1 billion in the first quarter! Downgrade of epidemic situation, aviation index rose by more than 4%

　　China-Singapore Jingwei Client, April 30 (Zhang Yanzheng) How much has the epidemic hit the aviation industry? The airline's first quarter report "Tearful" revealed that seven airlines suffered a loss of 21.109 billion yuan in the first quarter.

　　From April 29th to 30th, Air China, HNA, China Southern Airlines, China Eastern Airlines, Spring Airlines, Juneyao Airlines, China Airlines and other aviation companies successively released the first quarterly report for 2020. According to the epidemic, the revenue of each airline company was nearly cut. Net profit also experienced a three-digit decline year-on-year. Among them, HNA's net profit loss was 6.295 billion yuan, a year-on-year decrease of 652.14%, with the most serious "injuries".

　　New latitude and longitude Zhang Yanzheng in the aeronautical data map

Seven airlines lost more than 20 billion in the first quarter

　　From the perspective of revenue, China Southern Airlines achieved operating revenue of 21.141 billion yuan in the first quarter of 2020. Although it is one of the seven airlines with the most revenue, revenue still fell sharply compared with last year, a year-on-year decrease of 43.82%; net Profit loss was 5.262 billion yuan, a year-on-year decrease of 298.64%.

　　China Southern Airlines said that as of now, China's overall epidemic control situation is showing a good trend. Many domestic provinces and cities have adopted differentiated policies for resuming production and resuming production, and domestic demand for air passenger transportation has recovered to some extent. However, due to the continued spread of the international epidemic and the tightening of international aviation restrictions, international air passenger traffic has been further reduced.

　　According to Air China ’s financial report, in the first quarter of 2020, the company achieved revenue of 17.256 billion yuan, a year-on-year decrease of 46.99%; net profit loss was 4.805 billion yuan, a year-on-year decline of 276.48%. Eastern Airlines ’financial report showed that during the reporting period, the company ’s revenue was 15.454 billion yuan, a year-on-year decline of 48.58%, and its net profit loss was 3.933 billion yuan, a year-on-year decline of 296.06%.

　　Hainan Airlines was hit hardest by the epidemic. HNA Holdings announced that in the first quarter of 2020, the company achieved revenue of 6.889 billion yuan, a year-on-year decrease of 63.03%; a net profit loss of 6.295 billion yuan, while the same period last year profit of 1.14 billion yuan, a year-on-year decrease of 652.14%.

　　Spring Airlines, one of the cheap companies, was the airline with the smallest loss in the epidemic. Spring Airlines financial report shows that in the first quarter of 2020, the company achieved revenue of 2.384 billion yuan, a year-on-year decrease of 34.5%; net profit loss was 227 million yuan, compared with a profit of 475 million yuan in the same period last year, a year-on-year decrease of 147.91%.

　　In the first quarter of this year, the net profit of China Airlines and Juneyao Airlines fell by 212.5% ​​and 222.73% year-on-year respectively. As China's only independent airline that has been focusing on regional air transportation for a long time, China Airlines has little impact on this outbreak. Zheshang Securities believes that the proportion of China Airlines ’international capacity is low, so that the company is not directly affected by the overseas epidemic, and demand has begun to recover steadily since March.

　　Huatai Securities believes that the spread of the new crown epidemic overseas has severely hit the global aviation industry. Due to high cash expenditures and low profit margins, airlines are vulnerable to external shocks. During the epidemic, China's aviation company also faced the dilemma of cash shortage. The government issued a number of support policies to mitigate the impact of the epidemic. At the same time, China's aviation company also issued bonds to help overcome the cash flow difficulties. If the impact of the epidemic continues, our airline company may experience greater operating pressure. At present, the aviation sector is full of pessimistic expectations, and it is necessary to track the flight recovery situation and the effect of policy support.

Epidemic risk reduced, aviation index rose by more than 4%

　　It is worth mentioning that as the domestic epidemic continues to improve and the "May Day" holiday is approaching, people's desire to travel is ignited, and aviation concept stocks have also risen.

　　On the afternoon of April 29, Chen Bei, deputy secretary general of the Beijing Municipal Government, announced at a press conference that the first-level response mechanism for public health emergencies in Beijing will be adjusted to second-level from 0:30 on April 30, and the prevention and control strategies will be adjusted accordingly In addition, people who travel to and return to Beijing from domestic low-risk areas are no longer required to stay at home for 14 days in isolation. At 0:00 on April 30, Beijing Chaoyang District withdrew from the classification of high-risk epidemic areas, which means that the “chaoyang masses” will be lifted during the May Day trip.

　　According to data from the Qunar website platform, within half an hour of the news release, the search volume of Qunar flight tickets has risen rapidly. The number of flight ticket reservations for departures from Beijing has skyrocketed 15 times over the previous period. . According to flying pig data, within one hour after the announcement, the trading volume of flying pigs in and out of Beijing increased by more than 500% over the same period of the previous day, and the trading volume of flying pigs in and out of Beijing increased by 400%.

　　Wind data shows that as of the close of April 30, aviation concept stocks led the way, with an aviation index of 3329.96, up 4.67%. Among them, China Airlines ranked first with a 9.98% increase, Spring Airlines rose 7.56%, and Juneyao Airlines rose 6.24%. In addition, Air China, China Eastern Airlines, China Southern Airlines rose by more than 5%; HNA Holdings rose 4.29%, quotation of 1.46 yuan per share.

　　Civil aviation expert Li Xiaojin said in an interview with the Sino-Singapore Jingwei client that due to the epidemic, the huge loss of each aviation company in the first quarter was within the expected range. According to airline data, it can be seen that the end of March was the lowest point of business volume. At that time, the volume of international flights decreased by 95%, and the volume of domestic flights decreased by nearly 90%. As the epidemic continues to improve, the flight volume in April has rebounded significantly. Current data shows that domestic flight volume has returned to about 30% of normal levels.

　　"After the news that the returnees in the low-risk areas did not need to be quarantined last night, the domestic travel market was greatly stimulated. For airports and airlines, an emergency plan for the epidemic needs to be prepared, and passengers should also take the initiative when traveling. Good personal protection. It is worth noting that although the domestic epidemic situation continues to improve, the international epidemic situation is still very serious. It will take time for international flights to fully recover. "Li Xiaojin said. (Sino-Singapore Jingwei app)

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