According to the Financial Intelligence APP, in October this year, the scale of civil aviation transportation in our country showed a steady growth trend, with a total passenger transportation volume of 64.092 million, of which the international aviation routes completed a passenger transportation volume of 5.803 million, recovering to 96% of the level in the same period of 2019.

On Monday, international oil prices fell sharply, with WTI January crude oil futures falling by 3.23% to $68.94 per barrel. Brent January crude oil futures fell by 2.87% to $73.01 per barrel. GTJA previously stated that in the third quarter of 2024, international oil prices fell significantly. Due to the lag in the adjustment of domestic aviation kerosene ex-factory prices by about two months, the estimated average fuel prices for airlines decreased slightly compared to the same period last year, still nearly 30% higher than in the third quarter of 2019. It is expected that the pressure of oil prices will significantly improve from the fourth quarter of 2024.

In addition, according to the Ministry of Foreign Affairs, in order to further facilitate the travel of personnel between China and other countries, China has decided to expand the scope of visa exemption. From November 30, 2024, to December 31, 2025, citizens holding ordinary passports from 9 countries including Bulgaria and Japan will be eligible for a trial visa exemption policy.

China Post Securities pointed out that Japan is the country with the most intensive international flight volume in our country at present. It is expected that after the one-way visa exemption for entry into China, the inbound passenger flow into our country is expected to further recover, which is bullish for the growth of flight volume and the further digestion of airlines' capacity.

Related companies in the aviation sector:

Air China Limited (00753), China Southern Airlines (01055), China Eastern Airlines (00670), Travelsky Tech (00696), etc.