Chinese Airlines: Our Read Beyond the 1Q20 Headline Losses
Although China Southern Airlines (1055 HK) reported the steepest loss amongst the Chinese airlines in 1Q20, this is primarily due to its status as...
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Smartkarma Originals
TRACKING TRAFFIC’s Travel Tracker Dashboard
We are launching a new monthly product designed to track regional tourism activity, with an emphasis on Chinese tourism. The objectives of this...
756 Views
Shanghai International Airport (600009 CH): Profit in 1Q20 Vs. Loss at Guangzhou Airport (600004 CH)
Shanghai International Airport Co, Ltd. (600009 CH) (SIAC) reported a profit of Rmb80.6m in 1Q20, or a 94.2% YoY drop. We believe the weak profit...
514 Views
Surging Asian Air Cargo Demand? The Search for Exposure (& Leverage)
Recently there have been signs of a pickup in air cargo demand in China and elsewhere in Asia. As noted by Osbert Tang, CFA in a recent piece here...
426 Views
Shanghai International Airport (600009 CH): Channel Checks Suggest Very Strong Freight Traffic
Various sources and channel checks have pointed to very strong freight traffic in April at the Shanghai Pudong International Airport, operated by...
488 Views