According to the Zhihong Finance APP, the airlines industry surged in the morning session. As of this report, air china limited (00753) rose by 5.32%, priced at 5.15 HKD; china eastern airlines (00670) increased by 3.77%, priced at 2.48 HKD; china southern airlines (01055) went up by 2.44%, priced at 3.77 HKD; cathay pac air (00293) rose by 1.41%, priced at 9.37 HKD.

On the news front, according to the Ministry of Foreign Affairs, to further facilitate personnel exchanges between china and foreign countries, china has decided to expand the scope of visa-free countries. From November 30, 2024, to December 31, 2025, a visa-free policy will be trialed for ordinary passport holders from Bulgaria, Romania, Malta, Croatia, black hills corp, North Macedonia, Estonia, Latvia, and japan. Half an hour after the announcement, the search popularity for related destinations in china on Ctrip's overseas platform for europe and japan increased by 65% and 112%, respectively.

China Postal Securities pointed out that japan is currently the target country with the most concentrated international flight volumes for china. It is expected that after the one-way visa waiver is implemented, inbound passenger flow will further recover, which is bullish for the growth in flight numbers and beneficial for the airlines industry to further relieve capacity. gtja indicated that china has recently decided to expand the visa-free list to 38 countries, which is bullish for international air travel demand and the restoration of international passenger flights, and is expected to accelerate the improvement of supply and demand in aviation. Combined with pressures such as rbob gasoline, the structure of airline profits will rise.