智通财经网·2025-06-30 02:23Aviation Industry - The airline sector is expected to see a rise in ticket prices and profitability due to limited capacity for summer flights and strong demand for family travel [1] - In May, domestic oil-inclusive ticket prices turned positive for the first time, with June showing a slight year-on-year increase [1] - The airline industry is entering a low supply growth phase, with demand performing better than market concerns since April, leading to a positive supply-demand outlook for the next two years [1] Oil Shipping Industry - The oil shipping sector is experiencing a decline in freight rates due to the easing of geopolitical tensions, with VLCC TCE rates dropping from $76,000 to $34,000 [2] - The estimated average VLCC TCE for oil shipping companies in Q2 2025 is projected to be $42,000, slightly lower than the $44,000 in the same period of 2024, indicating improved year-on-year performance [2] - The oil shipping supply-demand balance is expected to remain favorable over the next two years, supported by potential oil price declines [2] Market Highlights - The Strait of Hormuz, a critical chokepoint for global oil transport, remains stable despite recent geopolitical tensions, with a low probability of disruption [3] - The Strait accounts for nearly 30% of global oil maritime trade, with over 80% of Middle Eastern crude oil exports passing through it [3] - Recent conflicts between Iran and Israel led to a slight decrease in oil passage volume, but overall traffic remained stable [3]