On June 26, Air China fell 3.06% in regular trading on the Hong Kong exchange, trading at HKD 4.43, with turnover of approximately HKD 39.11 million.
The airline sector continued to weaken under multiple ongoing headwinds. IATA recently warned that global airline net profits are expected to be halved from USD 45 billion to USD 23 billion due to Middle East route disruptions and elevated oil prices. The US-Iran ceasefire agreement remains at the memorandum of understanding stage without formal signing, keeping fuel cost uncertainty elevated. Meanwhile, Dragon Boat Festival travel data showed average ticket prices declining approximately 20% year-on-year, raising concerns about summer peak pricing power.
Across the sector, Cathay Pacific fell 3.16%, China Southern Airlines fell 3.02%, and China Eastern Airlines fell 3.92%, reflecting broad-based selling pressure on airline stocks.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)