Monthly Chinese Tourism Tracker | Momentum Shifts From Airlines to TCOM | September 2025
Chinese air travel growth continues to slow. Chinese airlines have been unable to lift margins as aircraft utilization improves, and we no longer...
652 Views
Trip.com Q225 Results | Big Buyback a Surprise | But Margins Still Under Pressure | Fair Value US$60
Trip.com announced a big share buyback last week, but its Q225 core results were unimpressive. Given modest growth expectations, we put fair value...
416 Views
Monthly Air Cargo Tracker | April Data Shows Slowing Demand, Low (And Falling) Capacity Utilization
April data from Asian carriers and a range of air cargo gateways on both sides of the Pacific suggest moderating demand growth and low carrier...
486 Views
Monthly Chinese Tourism Tracker | Domestic Activity Firmed in April | Airlines > TCOM (May 2025)
The growth of Chinese domestic air travel activity in April accelerated to almost 8% after slumping to < 1% in Q125. High domestic passenger load...
655 Views
Trip.com Q125 Results | Rising Expenses Led to Margin Compression, Again | Still Prefer Airlines
China's leading travel platform Trip.com reported an unimpressive set of results earlier this week, as a sharp rise in OpEx led to margin compression.
372 Views