民航旅客创历史新高，但热门航线票价降幅超两成

Core Insights - The summer travel season is a critical period for airlines, significantly impacting their annual profitability, with July's passenger transport volume reaching a record high of 71.2 million, a 3.0% year-on-year increase [2][3] - Despite the increase in passenger volume, the average ticket price for domestic economy class has decreased compared to last year, with some popular routes experiencing price drops exceeding 10% [2][7] Passenger Volume and Pricing - The Civil Aviation Administration of China projected a total of 150 million passengers during the summer travel season, with a daily average of approximately 2.44 million, reflecting a 6.6% increase from the previous year [3] - Domestic routes saw over 60.34 million passengers in July, a 3% year-on-year increase, while international routes recorded over 7.76 million passengers, a 10% increase [3] - Beijing Daxing Airport reported a 7.12% year-on-year increase in passenger volume since the start of the summer travel season [3] Capacity and Route Trends - Airlines have increased capacity compared to last year, particularly in tourist-heavy provinces, with Qinghai seeing a 16% increase and Xinjiang a 12% increase in inbound capacity [3][6] - Popular tourist destinations like Xinjiang and Yunnan have seen significant growth in ticket bookings, with increases over 10% year-on-year [6] Pricing Challenges - The average ticket price for domestic economy class in July was 840 yuan, a 7.5% decrease year-on-year and a 5.0% decrease compared to 2019 [7] - Among the top 20 domestic routes, only one route saw a price increase, while the majority experienced varying degrees of price decline, with some routes seeing drops exceeding 10% [7] International Travel Recovery - International flight recovery remains below pre-pandemic levels, with only 89.1% of flights restored compared to July 2019 [9] - Recovery rates vary significantly by region, with flights to Japan exceeding 100% recovery, while flights to Thailand are at only 54.6% [10][12] - The shift in international travel patterns has led to increased flights to Central Asia, Africa, and Middle Eastern countries, with over 70% of passenger flights now directed to "Belt and Road" countries [12]