On June 16, Air China (00753.HK) declined 3.06% in regular trading, trading at HKD 4.75/share, with turnover of HKD 34.07 million.

On the news front, despite earlier reports that a US-Iran ceasefire agreement was expected to be signed this week — which had propelled Air China up over 10% in the prior session — the agreement has yet to be formally executed, prompting the market to pull back on lingering uncertainty over the Middle East situation. The aviation sector broadly retreated, with China Eastern Airlines down 2.69%, China Southern Airlines down 2.05%, and Cathay Pacific down 0.9%.

The broader context remains challenging for airlines. IATA previously slashed its global airline industry net profit forecast from approximately USD 41 billion to USD 23 billion, citing Middle East route disruptions and surging fuel costs projected to rise nearly 39% year-over-year. Separately, Air China's May operational data showed passenger turnover declining 2.7% year-over-year, though load factor improved by 3.2 percentage points to 84.5%.

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