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M Stanley Sees Potential Positive Sentiment Towards CX, CN Airlines on Flight Cancellations by Greater Bay Airlines
2025-01-22 10:03:45
The cancellation of flights by Greater Bay Airlines (GBA) could generate positive sentiment for CATHAY PAC AIR (00293.HK) and Chinese airlines, Morgan Stanley released a research report saying.

CATHAY PAC AIR may benefit from improved market sentiment, even though it doesn't directly compete with the GBA. The broker noted that CATHAY PAC AIR also owns Hong Kong Express, a low-cost carrier.

The direct impact on Chinese airlines in the current year is relatively small, but it reflects the ongoing supply disruptions in the aviation industry, which have been previously emphasized as a key factor in driving Chinese airlines into a multi-year upcycle, Morgan Stanley added.
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