Hong Kong Stock Market Movement | Airline stocks rise across the board, offshore RMB against the US dollar breaks above 6.85. RMB appreciation benefits airlines in releasing performance results

2026-02-26 09:28:58

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CITIC Finance APP reports that airline stocks are rising across the board. As of the latest update, China Eastern Airlines (00670) increased by 5.42%, trading at HKD 6.03; China Southern Airlines (01055) rose by 3.9%, trading at HKD 6.4; Air China (00753) gained 2.66%, trading at HKD 7.34; Cathay Pacific (00293) increased by 1.11%, trading at HKD 13.7.

On the news front, the offshore RMB against the US dollar broke above 6.85, reaching a new high since April 14, 2023. It is reported that airlines have significant foreign currency liabilities, mostly in USD, so a weakening dollar helps generate exchange gains. Previously, Guosen Securities stated that falling oil prices and RMB appreciation are both beneficial for airlines to release performance.

Shenwan Hongyuan also said that the current difficulties in the aircraft manufacturing supply chain are unprecedented, with supply highly constrained. Passenger load factors have already reached historic highs, and the growth trend of inbound and outbound travelers is confirmed. The aviation sector is expected to enter a golden age of investment. Looking ahead, warmer weather will accelerate travel in March; under the “late Spring Festival travel,” industries are rushing to meet Q1 order targets after the holiday. It is expected that business and commercial travel will recover quickly in March; the upcoming China-U.S. leaders’ meeting is expected to increase flights on China-U.S. routes in the future.

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