Recently, Hainan Province's outlying island air tickets exceeded 10,000 yuan, causing heated discussions.
According to the ** ticket purchase platform search, from February 19 to 20, 2024, it is difficult to find an economy class ticket from Sanya to Beijing and other key cities, and most of the tickets that can be purchased are full tickets of the original price of business class **, which are about 10,000 yuan.
In fact, according to industry insiders, the design of airline tickets needs to consider revenue management, according to market supply and demand, as well as consumer behavior and changes in the market competition environment.
This year, the tight purchase of return air tickets in Hainan is affected by many factors. The most important of these is the surge in travel demand due to the recovery of the travel market, and the high concentration of return dates, resulting in a situation where "tickets are hard to find".
Looking at the monthly operations of various airlines in January, we can feel the actual situation of a significant increase in capacity. On the evening of February 19, listed airlines such as Air China, China Southern Airlines, China Eastern Airlines, and HNA Holdings successively disclosed their monthly operations in January 2024.
In terms of capacity investment, in January, Air China, China Southern Airlines, China Eastern Airlines and HNA Holdings invested 285 passenger capacity (based on available seats) respectively3.3 billion kilometers, 3034.6 billion km, 2487.7 billion km and 1198.2 billion kilometers, up year-on-year. 95% and 3241%。
According to Air China's announcement, in January, the passenger turnover of the company and its subsidiaries increased by 69% year-on-year1%, up 121%。The average load factor was 776%, up 7. year-on-year3 percentage points, up 22 percentage points.
According to the announcement of China Eastern Airlines, in January, the company's passenger turnover increased by 87% year-on-year97%；The load factor was 7742%, up 9 percent year-on-year07 percentage points. In January, the cargo and mail turnover increased by 148 year-on-year44%。
According to the announcement of China Southern Airlines, in January, the passenger turnover of the company and its subsidiaries increased by 56% year-on-year47%；The load factor was 8101%, up 833 percentage points.
According to the announcement of HNA Holdings, in January, the revenue of the company and its subsidiaries increased by 32% month-on-month29%, up 3081%；Passenger traffic rose 31 percent month-on-month88%, up 2279%。
Happy to mention "good start"!
The hottest in 2023 is undoubtedly the cultural tourism industry, and as the first "post-epidemic normalization" Spring Festival, the superimposed characteristics of "long holiday" and "late Spring Festival" will push the performance of the domestic aviation market to a new height.
According to statistics, 23 days before the Spring Festival in 2024, the volume and price performance of the domestic aviation market exceeded market expectations, and the domestic passenger traffic increased by more than 20% year-on-year compared with 2019.
On February 18, the Civil Aviation Administration of China released data that the Spring Festival holiday in 2024 will be 8 days (210—2.17), the total number of passengers transported by the national civil aviation is 179920,000 passengers, with an average daily transport of 224 passengers90,000 passengers, a record high. The daily average of domestic passenger transport in the 8 days of the Spring Festival was 14,138 flights, an increase of 17 compared with 20197%, an increase of 235%。On the evening of the same day, a number of listed civil aviation companies successively announced passenger turnover data for January.
Shanghai Airport announced that the passenger throughput of Pudong International Airport in January 2024 will be 586200,000 person-times, a year-on-year increase of 10623%；Hongqiao International Airport has a passenger throughput of 392180,000 person-times, a year-on-year increase of 4832%。
Spring Airlines announced that passenger turnover in January increased by 50% year-on-year79%, an increase of 1176%；The cargo and mail turnover increased by 37% year-on-year07%, an increase of 1298%。
Juneyao Airlines announced that in January 2024, the company's passenger capacity investment (measured in available seat kilometers) increased by 38 year-on-year11%；Passenger turnover (RPKs) increased by 5560%；The load factor was 8351%, up 939%。
A number of airlines also disclosed the new international flights in the month. China Eastern Airlines resumed flights between Shanghai Pudong and Chiang Mai, Shanghai Pudong and Melbourne, Shanghai Pudong and Phuket, and Nanjing and Phuket in January. Spring Airlines' main new routes in January include: Pudong-Don Mueang Bangkok, Guangzhou-Don Mueang and Lanzhou-Don Mueang Bangkok. HNA Holdings has added a new Harbin-Khabarovsk passenger route since January 10 this year, and has resumed the Beijing-Bangkok passenger route since January 20.
The recovery of outbound travel has led major airlines to actively accelerate the recovery of international routes. According to the latest operating data, in January, HNA Holdings' international passenger capacity investment increased by 780 year-on-year57%, and the passenger turnover of international routes increased by 1245 year-on-year40%。
Judging from the data, in January this year, the leading airlines achieved a comprehensive recovery in key indicators such as capacity investment, passenger turnover, and passenger load factor. At the same time, the domestic and international route markets are showing a positive trend, and we are happy to mention the "good start"!
The airlines are starting to get better
According to the 2023 annual reports of domestic listed airlines, 7 listed airlines have shown an upward trend in revenue, with 3 of China's largest airlines reducing losses significantly, and 3 of the 4 private airlines turning losses into profits.
For details, please refer to the following 2023 annual report data:
China Southern Airlines: The annual loss is expected to decrease by 85% year-on-year62%~89.29%；
China Eastern Airlines: The annual loss is expected to decrease by 77 year-on-year8%~81.81%；
Air China: The full-year loss is expected to decrease by 96% year-on-year63%~97.67%。
Looking at private airlines, HNA Holdings, Spring Airlines, and Juneyao Airlines are expected to turn losses into profitsThe estimated net profit attributable to the parent company for the whole year is: HNA Holdings 3 4500 million yuan, Spring Airlines 21240000000000000000000000000000000000000008~8.800 million yuan.
According to the latest data, the civil aviation industry will complete a total transportation turnover of 1,188 in 2023300 million ton-kilometers, passenger traffic 6200 million person-times, cargo and mail transportation volume 73540,000 tons, a year-on-year increase of %, respectively, recovered to 2019. 6%。
On the premise that 2023 has significantly improved and gradually recovered to the level of 2019, the operating data for January 2024 can be said to have far exceeded expectations, and the turnaround for the whole year of 2024 is already on the way to achieving a profit on the premise that the three major state-owned airlines have significantly reduced their losses.
Conclusion
The achievements of the civil aviation industry at the beginning of 2024 are certainly gratifying, but the opportunity for the Spring Festival is only once a year.
In order to continue to demonstrate excellent operational capabilities, it is not only necessary to dynamically pay attention to changes in the international political and economic situation and geopolitical situation, actively respond to emergencies, but also continue to explore the road to profitability under the challenges of fierce market competition and the pressure of the high-speed rail network.
Disclaimer] The content of the article is for research and study purposes only and does not constitute any investment advice.