Previous Close | 25.00 |
Open | 25.62 |
Bid | 0.00 x 800 |
Ask | 0.00 x 800 |
Day's Range | 25.35 - 25.73 |
52 Week Range | 23.50 - 36.35 |
Volume | |
Avg. Volume | 18,863 |
Market Cap | 13.595B |
Beta (5Y Monthly) | 1.51 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -5.65 |
Earnings Date | N/A |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | Jun 28, 2019 |
1y Target Est | 183.08 |
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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.
China Southern Airlines Company Limited (the "Company") (NYSE: ZNH; HKSE: 1055; SSE: 600029), announced that the Company has filed its 2021 Annual Report on Form 20-F (the "2021 Form 20-F"), which includes its audited financial statements for the fiscal year ended December 31, 2021, with the United States Securities and Exchange Commission, which can be accessed via the following link: [https://www.sec.gov/ix?doc=/Archives/edgar/data/1041668/000119312522125445/d217310d20f.htm]