A passenger wearing a protective mask walks past China Eastern Airlines Corp. aircraft standing on the tarmac at the Wuhan Tianhe International Airport in Wuhan, China, on May 2. Photo: Bloomberg A passenger wearing a protective mask walks past China Eastern Airlines Corp. aircraft standing on the tarmac at the Wuhan Tianhe International Airport in Wuhan, China, on May 2. Photo: Bloomberg
A passenger wearing a protective mask walks past China Eastern Airlines Corp. aircraft standing on the tarmac at the Wuhan Tianhe International Airport in Wuhan, China, on May 2. Photo: Bloomberg

After US$2 billion losses, Chinese airlines are among top picks again at CICC, Citic as valuation trigger emerges

  • CICC and Citic Securities recommend airline stocks, citing a return in travel demand and plunging jet fuel costs
  • Air China, China Eastern and China Southern are trading below or near their book values, a key turning point in past stock prices

Topic |   Air China
A passenger wearing a protective mask walks past China Eastern Airlines Corp. aircraft standing on the tarmac at the Wuhan Tianhe International Airport in Wuhan, China, on May 2. Photo: Bloomberg A passenger wearing a protective mask walks past China Eastern Airlines Corp. aircraft standing on the tarmac at the Wuhan Tianhe International Airport in Wuhan, China, on May 2. Photo: Bloomberg
A passenger wearing a protective mask walks past China Eastern Airlines Corp. aircraft standing on the tarmac at the Wuhan Tianhe International Airport in Wuhan, China, on May 2. Photo: Bloomberg
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