China Eastern, Ctrip Profit While Their Customers Sleep on Airport Chairs

BEIJING ( TheStreet) -- Thursday's 7:35 a.m. China Southern Airlines' ( ZNH) commuter flight to Shanghai from Beijing didn't get off the ground until 9:40 a.m., according to the Beijing airport Web site.

No surprise there. Domestic air travelers in China have grown accustomed to hours-long delays and last-minute cancellations, especially since 2011 and particularly in the eastern one-third of the country where most people live.

Delays can affect air traffic nationwide for days at a time. The most recent string of snafus, which officials blamed on bad weather and military exercises, began June 20, and was expected to stretch until mid-August.

Why the Fed Is Right to Sit Tight on Rates

That said, investors need not assume that Chinese airlines, travel agencies and related companies are suffering with their frustrated customers.

Analysts expect business to improve in the second half of this year for state-owned China Southern, China Eastern Airlines (CEA) and Air China (AIRYY).

Other tradable companies likely to weather the latest late-flight storms include travel agencies Ctrip (CTRP) and the Expedia (EXPE) affiliate eLong, as well as Chinese airport advertising concern AirMedia (AMCN).

Warren Buffett’s Top 10 Dividend Stocks

If you liked this article you might like

Asia's Flagship Carriers Leak Red Ink

Taking the Budget Airline to China Could Cost You

Dow Snaps Eight-Session Losing Streak With Triple-Digit Gains as Crude Jumps

Stocks at Session Highs on Gains in Energy, Financials; Dow to Snap Losing Streak

Stocks Break Higher as Dow Looks to Snap Losing Streak, Financials Lead