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Fly News Breaks for May 28, 2015
CTRP
May 28, 2015 | 07:18 EDT
Stifel notes that the four Chinese airlines including the three largest are reducing the commissions they pay online travel agencies to 0% from 1%, and that Ctrip experienced a website outage today. The firm thinks the stock may be down on the news, but the firm believes the weakness would create a buying opportunity for longer term investors. Stifel expects the company's margins to rise on reduced competition in its sector. Stifel keeps a Buy rating on the shares.
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