<div id="readability-page-1"><div>UBS published a report stating that mainland airlines' results for 1QYY beat expectations. AIR CHINA (00753.HK) +0.280 (+5.970%) Short selling $7.84M; Ratio 18.486% , CHINA EAST AIR (00670.HK) +0.190 (+4.935%) Short selling $4.99M; Ratio 22.734% and CHINA SOUTH AIR (01055.HK) +0.180 (+4.545%) Short selling $8.59M; Ratio 31.917% all recorded recurring net profit in 1QYY, compared with losses in the same period last year; SPRING AIRLINES (601021.SH) -0.020 (-0.042%) reported a 44% YoY increase in recurring net profit, exceeding the banks and market expectations.UBS expects airlines revenue in 2QYY to continue improving, mainly driven by fare growth. However, affected by high oil prices, airlines earnings in 2QYY are projected to decline significantly. If oil prices remain at peak levels, the three major carriers may slip into losses in 2QYY. (ha/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-04 12:25.) (A Shares quote is delayed for at least 15 mins.)</div>This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.</div>

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UBS reported that mainland airlines exceeded 1Q expectations, with Air China, China Eastern, and China Southern all posting recurring net profits. Spring Airlines saw a 44% YoY profit increase. However, UBS warns that high oil prices may lead to significant earnings declines in 2Q, potentially causing losses for major carriers if prices remain elevated.

UBS: Mainland Airlines 1Q Results Beat; 2Q May Swing to Loss on High Oil Prices