According to the CITIC Securities Research Report, the upgraded policies of powerful tourism countries will promote the steady and far-reaching high-quality development of the tourism industry. Demand for private travel is expected to be further released in the context of further improving tourism systems, enriching tourism products, improving services and strengthening publicity in various regions, and the flexibility of aviation performance may be catalyzed. Travel data for each holiday season in 2024 shows that demand for aviation is resilient during the peak season. The recovery rate of international flights is expected to rise to 80% to 85%, the depreciation of the yen will stimulate demand for travel to Japan, and the greater northwest region will gradually enter the peak tourist season. The increase in utilization rates will provide favorable support for the price side. The aviation industry is expected to enter a profit range starting in mid-late June. The industry landscape is expected to be optimized.