Galaxy Securities' research report pointed out that in 2024, with the opening of the summer transport season, aviation travel will continue to show a strong supply-demand situation. Capacity deployment and passenger traffic will further increase year-on-year compared to 2019, which is in line with previous expectations. However, changes in consumer consumption structure after the epidemic and the slow recovery of international routes still put a certain degree of pressure on ticket prices, and the industry is still at the bottom. Galaxy Securities believes that in 2024, the demand for aviation travel will continue to recover, coupled with frequent policies of visa-free travel on international routes and further strengthening the logic of adding international flights, the aviation industry's demand side is expected to accelerate release. The industry has the potential to further move up from its left-leaning position in stages. Recommended stocks to watch: Air China Limited, China Southern Airlines, Guangzhou Baiyun International Airport, etc.