Smart Finance App learned that the aviation/airlines industry collectively warmed up. As of the time of publication, Air China Limited (00753) rose by 6.78%, to HKD 3.94; China Southern Airlines (01055) rose by 6.16%, to HKD 3.1; Meilan Airport (00357) rose by 5.49%, to HKD 7.88; China Eastern Airlines (00670) rose by 3.98%, to HKD 2.09.

HTSC stated that the flight schedule for the 2024/2025 winter-spring season has been announced, with a total of 0.127 million passenger flights per week, a decrease of 0.6% year-on-year. Due to the expected continuation of the tightening of civil aviation supply and the anticipated further absorption of capacity, the domestic supply-demand structure may be optimized, providing conditions for a recovery in revenue levels.

SWHY pointed out that the peak summer season for aviation has ended, but travel demand still shows resilience. Currently, the aviation sector's supply-demand fundamentals are generally improving, with stable growth in domestic demand, continuous recovery in international demand, high certainty of long-term supply-demand imbalances, and both oil and forex rates currently at high levels with significant downside potential. In a relatively optimistic or improving macro environment, pro-cyclical symbols in the aviation sector are expected to benefit, and this round of market cycle is expected to begin.