Hainan Airlines Co Ltd A

After lower prices during the summer travel season, the civil aviation market saw a round of price recovery over the National Day holiday. Data from Flight Master shows that as of 29 September, the weighted average tax-inclusive price for domestic economy class during the 2026 National Day holiday was 929.7 yuan, up 11.2% from 836 yuan in the same period of 2025; the average base fare was 820.2 yuan, up 6% year on year. Data from Umetrip shows that domestic flight bookings for the National Day holiday have exceeded 9.86 million tickets, while inbound and outbound flight bookings reached about 1.59 million tickets, up about 2% year on year. To cope with the peak passenger flow, airlines continued to add holiday capacity: China Eastern Airlines, together with its subsidiaries Shanghai Airlines and China United Airlines, plans to operate more than 39,000 flights between 25 September and 7 October, carrying more than 5.8 million passengers, and plans to add more than 800 extra flights and upgrade more than 270 flights to wide-body aircraft. China Southern Air Holding plans to operate more than 27,000 flights between 30 September and 8 October, including more than 23,000 domestic flights and about 4,000 international and regional flights, and plans to use the C919 on more than 400 domestic flights. Hainan Airlines plans to operate nearly 6,500 domestic and international flights during the National Day holiday, carrying an estimated 1.1 million passengers, including 582 international and regional flights, up 2.4% year on year.

Hainan Airlines Holding disclosed its 2026 semi-annual report. In the first half, it achieved operating revenue of 35.517 billion yuan, up 7.36 percent year on year. Net profit attributable to the parent company was 270 million yuan, up 374.43 percent year on year. Net profit attributable to the parent company after deducting non-recurring items was 29.207 million yuan, up 155.97 percent year on year. The company said that in the face of upward pressure on aviation fuel costs, it continued to advance refined management, optimized its route network layout, and with the addition of exchange gains, achieved a profit in the first half. Non-recurring gains and losses in the first half totaled 241 million yuan, mainly from the reversal of impairment provisions on receivables, gains or losses on disposal of non-current assets, and government subsidies. Affected by exchange rate fluctuations, the company recognized exchange gains of 1.882 billion yuan, driving a significant improvement in financial expenses. Period expenses were 1.708 billion yuan, a year-on-year decrease of 1.655 billion yuan, and the period expense ratio was 4.81 percent, down 5.36 percentage points from the same period last year.

Hainan Airlines announced that in July 2026, the group's passenger capacity, measured by available seat kilometers, increased 0.65% year on year. Revenue passenger kilometers rose 1.52% year on year, passenger volume grew 0.69%, and the passenger load factor increased 0.73 percentage points. Cargo and mail revenue ton kilometers rose 0.34% year on year, while the cargo and mail load factor climbed 7.74 percentage points.

Airbus has secured aircraft orders from Air China and Hainan Airlines with a combined transaction value of about $17.8 billion. Air China agreed to purchase 15 A350-900 widebody aircraft and 40 A320neo-family jets for its subsidiary Shenzhen Airlines in a deal valued at $12.4 billion, while Hainan Airlines separately ordered 40 A320neo aircraft for as much as $5.36 billion. The transactions were disclosed through separate Shanghai Stock Exchange filings on Friday, days before the Farnborough Air Show begins near London. The agreements add to a series of major Airbus sales in China, where the company has gained an advantage over Boeing in the world's second-largest aviation market.

Airbus has secured multi-billion-dollar aircraft orders from Air China, Shenzhen Airlines, and Hainan Airlines, with a combined list-price value of $17.8 billion. The package covers 95 aircraft, including A350-900 widebodies and A320neo-family narrowbodies, for deployment across key Chinese routes. The deals reinforce Airbus's role as a key supplier to Chinese carriers modernizing fleets and targeting lower emissions, aligning with China's carbon-peaking and aviation-decarbonization goals. Deliveries are scheduled between 2029 and 2032, supporting long-term backlog visibility and production-slot allocation in a market where Boeing also competes for share.

Hainan Airlines announced that it has signed an agreement with Airbus to purchase 40 A320NEO family aircraft, with the total transaction amount not exceeding 5.36 billion US dollars. The transaction does not constitute a related-party transaction or a major asset restructuring, and is still subject to approval by the shareholders' meeting and relevant national authorities. The aircraft are expected to be delivered in batches between 2028 and 2032, with funding sources including self-owned funds, bank loans, and financial leasing.

On the evening of July 17, multiple listed companies on the Shanghai and Shenzhen stock exchanges issued important announcements. Goke Microelectronics plans to raise no more than 5.061 billion yuan through a private placement for projects including a next-generation AI vision processing chip. TCL Zhonghuan intends to invest approximately 11.96 billion yuan to build a semiconductor large silicon wafer project for integrated circuits in Shenzhen. Huike Electronics invested 4 billion yuan to establish a subsidiary to advance advanced packaging and testing projects, with the first phase planning to build advanced packaging and testing for 12-inch hybrid chips, reaching a monthly capacity of 20 million units upon full production. Hainan Airlines plans to purchase 40 A320NEO series aircraft from Airbus, with a total transaction amount not exceeding 5.36 billion US dollars. Air China and its subsidiary Shenzhen Airlines will jointly purchase 55 aircraft from Airbus, with a list price of approximately 12.44 billion US dollars. Hunan Yuneng plans to invest about 24 billion yuan in a mining-integrated new energy battery material circular industry project in Weng'an, Guizhou, with an estimated total construction period of five years. Additionally, several companies disclosed earnings forecasts. China Shipbuilding Special Gas reported a net profit of 348 million yuan for the first half of the year, up 95.63 percent year-on-year. Zhiwei Intelligent reported a net profit of 388 million yuan for the first half, up 281.92 percent year-on-year. Jiejia Weichuang expects its first-half net profit to decline by 73.23 percent to 80.22 percent year-on-year. Huichen Information's actual controller, chairman, and general manager Zhao Long was subjected to criminal coercive measures for suspected illegal disclosure or non-disclosure of important information. ST Wenfeng and its controlling shareholder were placed on file for investigation by the China Securities Regulatory Commission for suspected illegal information disclosure.

Air China, Shenzhen Airlines, and Hainan Airlines plan to purchase a total of 95 aircraft from Airbus, with a combined list price of approximately 17.8 billion US dollars. Air China will acquire 15 A350-900 aircraft, and its subsidiary Shenzhen Airlines will acquire 40 A320NEO family aircraft, with list prices of about 6.09 billion and 6.35 billion US dollars respectively, totaling around 12.44 billion US dollars. Hainan Airlines will purchase 40 A320NEO family aircraft, with a total transaction amount not exceeding 5.36 billion US dollars. The aircraft are scheduled for delivery in batches between 2028 and 2032. The actual transaction prices will be lower than the list prices, and the deals are subject to shareholder review and approval by relevant national authorities. The purchases aim to optimize fleet structure, enhance capacity, and meet replacement needs for retiring older aircraft.