Zheng Quan Shi Bao Wang·2025-01-02 00:32Group 1 - The core viewpoint is that the Chinese aviation industry is experiencing a continuous recovery in supply and demand from 2023 to 2024, which is reflected in the rising logic of ticket prices and profit margins [1] Group 2 - On the demand side, Chinese aviation consumption is still in its early stages, showing resilience and endogenous growth momentum, with expectations for policy support by 2025 [2] Group 3 - On the supply side, there is a continued trend of reducing domestic flights while increasing international flights, and visa-free policies are expected to help improve the mismatch of wide-body aircraft and digest excess domestic capacity [3] Group 4 - Positive strategies are likely to benefit the performance during the Spring Festival travel peak, and are expected to accelerate the rise in profit margins by 2025 [4] Group 5 - Looking ahead to 2025, the trend of supply and demand recovery is confirmed, and the rise in profit margins is set to begin [5] Group 6 - Revenue strategies indicate a positive change emerging in December's off-peak season, with a decline in passenger load factor but a significant increase in ticket prices [6]