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ZNH News Highlights
- For ZNH, its 30 day story count is now at 2.
- Over the past 2 days, the trend for ZNH's stories per day has been choppy and unclear. It has oscillated between 1 and 1.
- SE and TOP are the most mentioned tickers in articles about ZNH.
Latest ZNH News From Around the Web
Below are the latest news stories about CHINA SOUTHERN AIRLINES CO LTD that investors may wish to consider to help them evaluate ZNH as an investment opportunity.
The order from Xiamen Airlines, which has previously relied solely on Boeing jets, is for 40 A320neo family aircraft.
China Southern Airlines Co Ltd said on Thursday its unit has placed an order with Airbus SE for 40 A320neo-family aircraft worth $4.85 billion. The deal comes months after three Chinese state airlines placed an apparently coordinated order for nearly 300 Airbus jets, the biggest order by Chinese airlines in about 5 years. The new order for 40 jets was on top of the bulk order for 292 aircrafts announced in July, an Airbus spokesperson said.
Analysts believe that China's state-controlled airlines will be the next probable group to leave the U.S. stock exchanges, maybe followed by technology giants, writes Bloomberg. The decision by five Chinese state-owned enterprises to leave U.S. stock markets raises doubts about whether authorities in both countries can agree on disclosure regulations. Beijing officials cite national security and secrecy issues as their justifications for not allowing U.S. Public Company Accounting Oversight Boar
China's "Big Three" state airlines pledged on Friday to buy a total of almost 300 Airbus jets, the biggest order by Chinese carriers since the start of the COVID-19 pandemic and a breakthrough for Europe as Boeing remains partially frozen out of China. In apparently coordinated announcements, Air China and China Southern Airlines said they would each buy 96 A320neo-family jets worth $12.2 billion at list prices. China Eastern Airlines said it would buy 100 airplanes of the same type, worth $12.8 billion.
China Southern Airlines Co Ltd (NYSE: ZNH) flew test flights with a Boeing Co (NYSE: BA) 737 MAX plane this week for the first time since March, reported Reuters, citing flight tracking websites. According to Variflight data, the airline last flew the plane on March 14, a week before the tragic crash of an earlier-generation 737 of China Eastern Airlines Corp Ltd. (NYSE: CEA). The report noted the MAX flights indicate improving travel demand in China as the airline industry starts to rebound fro
China Southern Airlines Co Ltd this week conducted test flights with a Boeing Co 737 MAX plane for the first time since March, flight tracking websites showed, in a sign the jet's return in China could be nearing as demand rebounds. A MAX jet registered as B-1127 took off from the airline's headquarters city of Guangzhou on Tuesday morning and touched down about two hours later in the city of Nanyang in central China, according to aviation data provider Variflight. China Southern, which has a pilot training base in Nanyang, did not respond to a request for comment.
Due to the severe economic backdrop in the world’s second-largest economy, it’s time to consider Chinese stocks to sell now.
Aerospace behemoth Boeing (NYSE: BA) stock took a 2.5% hit on Monday after Bloomberg reported that China Southern Airlines (NYSE: ZNH) is delaying acceptance of deliveries of more than 100 Boeing 737 MAX jetliners to 2025 or later. The good news is that Boeing stock is turning around and regaining altitude this morning, up 3.5% as of 11:40 a.m. ET on a note from JPMorgan that argues the news is "not as stark" as it first appeared to be. Contradicting Bloomberg's read on the situation, JP observes that China Southern not saying it plans to accept deliveries through 2024 is not the same thing as China Southern saying it will not accept the planes, reports TheFly.com today.
The SEC has released a massive list of Chinese stocks that could face delisting on Holding Foreign Companies Accountable Act news.
China's three biggest airlines have reported heavy first-quarter losses as prolonged COVID curbs weighed on travel demand and a weakening Chinese currency and rising fuel prices inflated costs, trends which persist in the current quarter. Analysts expect another year in the red for Chinese airlines as Beijing sticks with its zero-COVID policy to stop the spread of the virus. China Eastern Airlines on Friday reported a first-quarter net loss of 7.8 billion yuan ($1.18 billion) versus 3.8 billion a year earlier.