报告提到，由于航空公司可因应强劲的需求完善定价策略，预期市场供应紧缩将有助改善收益管理。在特朗普2.0关税制度和跨境电子商务激增的推动下，预期将进一步刺激提前出货需求，尤其是航空货运市场。此外，内地扩大免签证入境计划的策略性措施，旨在刺激入境旅游及商务旅游，从而重振航空公司的客运量。UBS Group stated that, driven by several favorable factors, the outlook for the aviation industry in the mainland and Hong Kong has become more optimistic.
According to Zhito Finance APP, UBS Group released a research report stating that the target price for Air China Limited (00753) has been raised from 5.1 Hong Kong dollars to 5.9 Hong Kong dollars, and the target price for China South Air (01055) has been raised from 4.2 Hong Kong dollars to 4.6 Hong Kong dollars, both with ratings upgraded from 'neutral' to 'shareholding.' The target price for Cathay Pac Air (00293) has been raised from 10 Hong Kong dollars to 12 Hong Kong dollars, also with a 'shareholding' rating.
The bank indicated that, supported by several favorable factors, the outlook for the aviation industry in the mainland and Hong Kong is more optimistic. Expecting a slowdown in RBOB gasoline costs is a significant bullish factor as it alleviates one of the main expenditure pressures on airlines, thereby supporting profit improvement.
The report mentioned that airlines can refine their pricing strategies in response to strong demand, and a tightening market supply is expected to help improve revenue management. Driven by the Trump 2.0 tariff regime and the surge in cross-border e-commerce, it is anticipated that there will be further stimulation of early shipment demand, particularly in the air freight market. Additionally, strategic measures expanding the visa-free entry program in the mainland aim to stimulate inbound tourism and business travel, thus reviving airline passenger volumes.
