Group 1 - Hong Kong aviation stocks experienced significant declines, with China National Aviation falling nearly 7%, China Eastern Airlines down nearly 5%, and China Southern Airlines dropping over 3% [1] - In July, listed airlines reported a 2.3% year-on-year increase in domestic route capacity, with a 20.5% month-on-month increase compared to June [1] - The overall passenger load factor for listed companies in July improved by approximately 0.6 percentage points year-on-year, but decreased by 1.0 percentage points month-on-month [1] Group 2 - Despite the peak season, the growth in passenger load factor in July was limited, indicating that demand may be weaker than airlines' expectations [1] - Boeing is reportedly moving closer to finalizing a deal with China to sell up to 500 aircraft, with ongoing discussions about complex sales terms including model, quantity, and delivery schedule [1]