With air ticket prices as low as 30 yuan, which shipping concept stocks will be most affected?

According to the latest news, one-way fares on many domestic routes have dropped to double digits in recent days, with the price of a flight from Shenzhen to Chongqing as low as 30 yuan. Due to the COVID-19 epidemic, airport and shipping listed companies may be affected in the short term. So, what are the listed airport and shipping companies? Let’s take a brief look at it below.

It is reported that in previous years, air ticket prices would "dive" to around 30% to 40% off after the Spring Festival, but in 2020, compared with the same period in 2019, air ticket prices were as low as 20% off. Recently, Spring Airlines and many other airlines have announced their operating data for January 2020. In terms of passenger turnover, compared with the same period in 2019, only Spring Airlines saw an increase in January, with an increase of more than 7%, while the other five airlines all saw a year-on-year decline.

It is understood that domestic airport and shipping related listed companies include: Shanghai Airport (600009), Shenzhen Airport (000089), CITIC Offshore Helicopter (000099), China Southern Airlines (600029), Baiyun Airport (600004), Air China (601111), China Eastern Airlines (600115), Weihai Guangtai (002111), etc.

Air China (601111): Air China is mainly engaged in international and domestic scheduled and irregular air passenger, cargo, mail and baggage transportation business; domestic and international business flight business; aircraft management business, etc. Air China has previously released its 2019 semi-annual report. The announcement showed that during the reporting period, the company achieved revenue of 65.313 billion yuan, a year-on-year increase of 1.67%; net profit attributable to shareholders of listed companies was 3.139 billion yuan, an increase of 9.49% over the same period in 2018.

China Eastern Airlines (600115): In the first half of 2019, the company achieved total operating revenue of 58.78 billion yuan, a year-on-year increase of 8%; and achieved net profit attributable to shareholders of 1.94 billion yuan, a year-on-year decrease of 14.9%, with the decline narrowing compared with 2018. During the reporting period, the company's gross profit margin was 11.2%, a decrease of 1.0 percentage point year-on-year. In addition, non-recurring gains and losses totaled 380 million yuan, which had a significant impact on net profit. After deducting non-recurring gains and losses, the net profit attributable to the parent company was RMB 1.56 billion, a year-on-year decrease of 26.3%.