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China's “Big Three” airlines headed for strong recovery: HSBC report
February 1st 2023
The robust performance of Air China, China Eastern Airlines and China Southern Airlines in the Lunar New Year holiday week “bode well for an early recovery” despite worse than expected losses in the fourth quarter of calendar 2022, HSBC Global Research forecasts. Read More » A “stellar Lunar New Year (January 21-January 27) points to a strong earnings recovery”, HSBC said in a January 31research note. “We expect domestic and international air passenger traffic for the three airlines to recover to 85% and 42% of 2019 levels in 2023, and to 95% and 77% in 2024, respectively.”
