Staff Reporter
,
Hong Kong
But passenger growth is increasing.
According to Barclays, on a y/y perspective, outlook is constructive for HK/China airlines with tangible capacity discipline in terms of combined fleet growth decelerating from 10% y/y in 2013 to 7% in 2014E.
Combined passenger growth is expected to accelerate from 8% y/y in 2013 to 11% in 2014E.
Here's more from Barclays:
It forecast passenger yield to rebound by 1% in 2014E, driving operating margin for the airlines to expand from 2-4% in 2013 to 3-5% in 2014E.
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