Performance loss reduction & international line encryption civil aviation industry picks up

　　In the past three quarters, the civil aviation industry has shown a recovery trend.

As of October 30, Air China, China Eastern Airlines, and China Southern Airlines have all released their third-quarter results, all of which have continued to lose money year-on-year, but have recovered from the second quarter.

Previously, the safety production operation in the third quarter released by the Civil Aviation Administration showed that the traffic volume of international routes rebounded significantly in the third quarter.

Next, the civil aviation industry will officially enter the winter and spring flight season. As many airlines have successively released their winter and spring flight season transportation plans, the civil aviation industry as a whole will show a recovery trend.

In the face of the upcoming "Double 11", various airlines are also "making moves" one after another, launching various promotional products to accelerate the "return of blood".

　　The total loss reduction from the previous month was about 4.356 billion yuan

　　The performance of the three major airlines recovered collectively in the third quarter.

During the reporting period, Air China, China Eastern Airlines, and China Southern Airlines achieved operating incomes of 18.136 billion yuan, 16.496 billion yuan, and 29.344 billion yuan respectively, an increase of about 7.101 billion yuan, 9.807 billion yuan, and 9.998 billion yuan respectively compared to the second quarter.

　　From the perspective of losses, the three major airlines saw a slight decrease in the amount of losses in the second quarter.

According to the financial reports of the three airlines, the net profits of the three major airlines in the third quarter were 8.668 billion yuan, 9.38 billion yuan, and 6.099 billion yuan, respectively, with a total loss of 24.147 billion yuan.

In the second quarter, losses were about 10.535 billion yuan, 10.976 billion yuan and 6.992 billion yuan respectively.

Roughly calculated, compared with the second quarter, the third quarter reduced losses by about 1.867 billion yuan, 1.596 billion yuan, and 893 million yuan respectively, with a total loss reduction of about 4.356 billion yuan.

　　In addition to the three major airlines, the performance of airlines such as Hainan Airlines and Spring Airlines also rebounded in the third quarter.

According to HNA’s financial report for the third quarter of 2022, its net profit was a loss of 8.002 billion yuan, compared with a loss of about 9.238 billion yuan in the previous second quarter.

Spring Airlines reported a net loss of 492 million yuan in the third quarter, and a loss of about 808 million yuan in the second quarter.

　　From the perspective of transportation data, after the three major air transportation businesses were greatly impacted in the first half of the year, the number of passengers carried by the three major airlines increased significantly during the summer transportation in July and August.

In August this year, the passenger turnover of the three major airlines increased by 56.4%, 62.14% and 67.72% year-on-year respectively.

　　Entering September, after the peak of summer travel, the passenger turnover of the three major airlines has declined, but the international passenger traffic of China Eastern Airlines and China Southern Airlines has increased year-on-year. Among them, the passenger turnover of China Eastern Airlines’ international routes has increased by 25.06% year-on-year; China Southern Airlines has increased by 8.38% year-on-year. percent.

　　New and encrypted multiple international routes

　　At the same time as the performance rebounded, the three major airlines announced the opening of the winter and spring seasons, and opened and encrypted a number of routes.

　　From October 30, civil aviation has officially entered the winter and spring flight season.

Air China plans to operate 343 domestic routes with 1,450 flights per day, an increase of 3.3% over the same period in 2021; China Eastern will open 22 new routes including Beijing Daxing-Sanya, Hangzhou-Shenzhen, Beijing Daxing-Dalian, etc. Routes; China Southern Airlines plans to fly 654 routes, including 607 domestic routes.

　　At the same time, in the winter and spring seasons, the three major airlines will resume and open a number of new international routes.

Air China plans to implement 52 international and regional passenger routes with 132 flights per week, and newly resumed international routes such as Beijing-Singapore, Hangzhou-Rome, Hangzhou-Osaka; China Southern Airlines plans to operate 42 international routes in 32 countries, with a total of 112 weekly flights.

　　A few days ago, Wu Shijie, deputy director of the Aviation Safety Office of the Civil Aviation Administration, said at a press conference held by the Civil Aviation Administration that the civil aviation industry completed a total of 537,000 passengers on international routes in the third quarter, an increase of 73.3% over the second quarter and an increase of 36.3% over the same period last year.

　　Lin Zhijie, a person in the civil aviation industry, believes that the civil aviation industry has improved in the third quarter compared with the second quarter. "First, international flights are recovering in an orderly manner, and the circuit breaker policy for flights has been gradually optimized. The cost burden of airlines. However, the loss of the entire civil aviation industry this year has exceeded the sum of last year and the previous year, and it is also the largest loss in history. It is expected to face some difficulties in the fourth quarter.”

　　Leverage "Double 11" to hope for "return of blood"

　　In addition to the newly opened routes, in the face of the upcoming "Double 11", many airlines have also launched promotional activities to accelerate the "return of blood".

　　It is reported that China Southern Airlines has launched the "Ice and Snow Journey" product, which includes 4 single-way economy class tickets for applicable routes. The product includes more than 600 routes, covering popular tourist cities such as Guangzhou and Shanghai. At the same time, China Southern Airlines also launched the 2023 version of the two-city travel. China Southern Airlines After purchasing a full-price economy class round-trip air ticket, Sky Pearl members can redeem an unlimited number of air tickets between the two places at the price of 10-100 yuan per segment within the next three months.

Hainan Airlines has launched a new "Surprise Flight" product, covering more than 440 routes from November 1 to 30, 2022, of which the Haikou-Tianjin economy class one-way fare is only 240 yuan.

　　According to Fliggy news, more than 20 airlines have launched membership quick upgrade service on Fliggy platform.

Taking China Eastern Airlines as an example, Fliggy F4 members who have taken China Eastern Airlines and Shanghai Airlines for a total of 6 times within the validity period can become China Eastern Airlines "Eastern Miles" Gold Card members, which is valid for one year.

　　Qi Qi, deputy dean of the Civil Aviation Management College of Guangzhou Civil Aviation Vocational and Technical College, said that since the epidemic, the airline company has spare capacity to free up the service resources of high-end cards. The momentum of "Double 11" can stimulate potential demand and revitalize the stock part of the market. On the one hand, when people have expectations for travel, consumers are also willing to stock up on some equity products, which also helps boost confidence for airlines.

　　Beijing Business Daily reporter Guan Zichen Zhang Yiran