According to a research report by BofA Securities, the 3Q25 results of four Chinese airlines were mixed. CHINA EAST AIR (00670.HK)  +0.420 (+12.034%)    Short selling $39.46M; Ratio 22.021%   showed the strongest net profit growth of 34% YoY, followed by CHINA SOUTH AIR (01055.HK)  +0.330 (+8.462%)    Short selling $37.39M; Ratio 32.095%   with a 20% increase. In contrast, SPRING AIRLINES (601021.SH)  +1.530 (+3.312%)   and AIR CHINA (00753.HK)  +0.420 (+9.190%)    Short selling $62.43M; Ratio 28.171%   saw net profits decline by 6% and 11%, respectively.

During the period, revenue per available seat kilometer performed better than expected, with robust data in September. BofA Securities anticipates falling fuel costs to benefit the overall cost structure. Unit cost performance excluding fuel also varied, with AIR CHINA lagging in cost optimization.

Related News CHINA SOUTHERN AIRLINES (01055.HK) Achieves RMB855 Million Net Profit for Full Year, Turns Loss into Profit
BofA Securities reiterated an Underperform rating for AIR CHINA, CHINA EAST AIR, and CHINA SOUTH AIR in light of ongoing pressure on domestic ticket prices, posing downside risks to their 2025-26 earnings. Contrarily, it reiterated a Buy rating for SPRING AIRLINES, citing its cost leadership and expected steady growth in 2025-26.

Stock │ Investment Rating │ New Target Price
AIR CHINA (00753.HK)  +0.420 (+9.190%)    Short selling $62.43M; Ratio 28.171%   │ Underperform │ HKD4.2
CHINA EAST AIR (00670.HK)  +0.420 (+12.034%)    Short selling $39.46M; Ratio 22.021%   │ Underperform │ HKD2.0
CHINA SOUTH AIR (01055.HK)  +0.330 (+8.462%)    Short selling $37.39M; Ratio 32.095%   │ Underperform │ HKD3.1
SPRING AIRLINES (601021.SH)  +1.530 (+3.312%)   │ Buy │ RMB61.2
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-01 16:25.) (A Shares quote is delayed for at least 15 mins.)

AASTOCKS Financial News