|Bid||27.42 x 900|
|Ask||33.69 x 1000|
|Day's Range||31.10 - 31.65|
|52 Week Range||25.45 - 52.34|
|Beta (3Y Monthly)||2.09|
|PE Ratio (TTM)||13.92|
|Forward Dividend & Yield||0.36 (1.16%)|
|1y Target Est||183.08|
China's top three airlines are bracing for a further margin squeeze as softer travel demand pressures passenger yields and a weakening yuan currency inflates costs, analysts said, as many of them slashed their annual profit forecasts for the carriers. The outlook revision - for which analysts also cited an economic slowdown amid a U.S.-China trade war and fears of rising oil prices - comes after China Southern Airlines, Air China and China Eastern Airlines turned in lower net profits for the January-June period last week, erasing first-quarter gains. China Southern, the country's largest carrier by passenger numbers, posted a 20.9% year-on-year drop in profit to 1.69 billion yuan ($238 million), while China Eastern posted a 14.9% drop to 1.94 billion yuan.
Airlines that have beaten market expectations and generated good balance sheet figures have not been cheered for Continue reading...
The Zacks Analyst Blog Highlights: China Life Insurance, JD.com, Qudian, China Southern and Sinopec Shanghai
As part of its decision to bolster transatlantic capacity, Delta (DAL) will resume services to London's Gatwick airport from 2020. Notably, Gatwick offers huge commercial potential.
China Southern Airlines will carry out an equity diversification plan that will involve the injection of 30 billion yuan ($4.36 billion) of capital from three investors, the firm announced on Saturday. The Guangdong Hengjian Investment Holding Corporation, the Guangzhou Urban Construction Investment Group and the Shenzhen Penghang Equity Investment Fund will each inject 10 billion yuan into the airline, as part of the country's efforts to diversify ownership structures among state-owned firms. It will also use the funds to serve its main air transportation business, pay for construction related to China's Belt and Road Initiative and support aviation development in cities in the southern province of Guangdong.
Delta's (DAL) decision to buy a stake in Hanjin Kal not only highlights its intentions to strengthen the Asian presence but is also a confidence booster for the Hanjin Kal management.
GUANGZHOU, China , April 26, 2019 /PRNewswire/ -- China Southern Airlines Company Limited ("ZNH" or the "Company") (NYSE: ZNH) The Company's annual report on Form 20-F for the fiscal ...
Is China Southern Airlines Co Ltd (NYSE:ZNH) a good investment right now? We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, expert networks, and get tips from investment bankers and industry insiders. Sure they sometimes fail miserably but historically their […]
April 15 (Reuters) - China Southern Airlines Co Ltd : * SAYS MARCH PASSENGER CARRIED UP 4.1 PERCENT Y/Y, MAIL AND CARGO UP 2.6 PERCENT Y/Y Source text in Chinese: https://bit.ly/2ZdPMA0 Further company ...
March 29 (Reuters) - China Southern Airlines : * SAYS 2018 NET PROFIT DOWN 49.6 PERCENT Y/Y Source text in Chinese: https://bit.ly/2FAG5Cx Further company coverage: (Reporting by Hong Kong newsroom)
Despite repeated claims from all sides that China Southern has no interest in joining the Oneworld alliance, American Airlines and Asia’s largest carrier are moving forward with a frequent flyer partnership. The new arrangement announced Wednesday will allow American’s AAdvantage and China Southern’s Sky Pearl Club members the ability to earn and redeem miles on […] The post American Airlines and China Southern Launch Frequent Flyer Partnership appeared first on Skift.
Airlines and industry in Asia are busy figuring out what the grounding of the 737 Max 8 planes made by The Boeing Co. China was the first nation of 42 globally to order all 737 Max 8 planes to keep their wheels on the ground. Boeing has received 4,661 orders for the planes, according to the brokerage Nomura.
The tentative deal between Allegiant (ALGT) and the union representing its flight dispatchers will now undergo the ratification procedure, expected to take place by Apr 30, 2019.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
March 1 (Reuters) - China Southern Airlines Co Ltd : * SAYS IT PLANS TO BOOST CAPITAL OF CHINA SOUTHERN AIR GROUP FINANCE BY 500 MILLION YUAN ($74.56 million) Source text in Chinese: https://bit.ly/2GTdhYX ...
Feb 28 (Reuters) - China Southern Airlines Co Ltd : * SAYS IT SIGNS SUPPLEMENTAL DEAL WITH BOEING TO SWITCH TWO B777-300ER AIRPLANES TO TWO B777F CARGO PLANES Source text in Chinese: https://bit.ly/2VsTQcZ ...
The Zacks Analyst Blog Highlights: China Eastern Airlines, China Southern Airlines, JinkoSolar, China Unicom (Hong Kong) and RYB Education