海通证券：关注航空板块投资机会

Group 1 - The core viewpoint of the article is that international air travel demand is expected to recover further in 2024 due to improved international relations and more favorable visa policies [1] - Short-term demand for international flights is strong, particularly during the National Day holiday, leading to a rapid recovery in supply and demand for international routes [1] - However, the overall recovery may be hindered by weak business travel during the off-peak season, and the performance of ticket prices may be affected by economic conditions [1] Group 2 - Long-term prospects for the airline industry remain positive, with a high certainty of a slowdown in the growth rate of capacity introduction by Chinese airlines [1] - There is a continuous recovery in travel confidence, supporting the long-term investment logic in the aviation sector, which includes improved supply-demand dynamics and market-driven ticket pricing [1] - The expected profit center for airlines in 2024 is anticipated to rise, highlighting investment opportunities in the aviation sector, particularly in companies like Spring Airlines, Hainan Airlines, and Juneyao Airlines [1]