Previously, the fiery concept of RMB appreciation fell collectively. President Hu Jintao said that RMB exchange rate reform would not be promoted under external pressure, and aviation stocks with relatively strong performance in the two markets experienced rapid decline. Overnight, China Southern Airlines (600029) took the lead in disclosing the annual report, and the company's performance was flat. The market expects a large increase in 20 10, and the valuation is also facing a high level. The company's share price fluctuated and fell back in early trading. China Air China (60111), ST China Eastern Airlines and Hainan Airlines (60022 1) all have large empty orders. The four listed airlines have entered the disclosure period of the annual report, and their results will be announced soon, which has repaired the current valuation.