Ge Long Hui·2025-08-15 03:27Group 1 - The Hong Kong aviation stocks have strengthened, with China Eastern Airlines and China Southern Airlines rising over 5%, China National Aviation increasing by 3%, and Cathay Pacific up over 1% [1][2] - The China Air Transport Association has recently released a self-discipline convention for air passenger transport, aiming to enhance industry self-regulation and eliminate malicious competition aimed at excluding rivals [1] - According to Cinda Securities, the current short-term increase in industry capacity is significant, while demand is expected to take time to recover. The industry’s passenger load factor remains high, indicating an improving supply-demand relationship, which is likely to drive ticket prices upward [1] Group 2 - The report highlights the expectation of improved supply-demand dynamics during the summer travel peak season, which is anticipated to lead to a recovery in ticket prices. Key airlines to focus on include China National Aviation, China Eastern Airlines, China Southern Airlines, Spring Airlines, and Juneyao Airlines [1]