Core Viewpoint - The Hong Kong aviation stocks have generally risen, with China National Aviation increasing by nearly 4%, China Eastern Airlines by 3.2%, and China Southern Airlines by 2%, indicating a positive market sentiment towards the aviation sector [1][2]. Industry Summary - According to a report from CITIC Securities, there is expected strong demand for air travel during the 2025 National Day and Mid-Autumn Festival holidays, which may lead to better-than-expected performance in terms of volume and pricing, signaling a positive outlook for the industry [1]. - The civil aviation sector is gradually implementing measures to reduce competition, which may include price stabilization, schedule control, and regulatory oversight on agency sales, potentially providing support for industry pricing [1]. - The low introduction of new aircraft and engine maintenance is expected to continue the trend of low growth in effective supply, with new orders having a limited impact on industry supply, suggesting that there is no need for excessive concern [1]. - The fourth quarter may see a turning point in industry volume and pricing performance, highlighting the importance of strategic positioning during the off-peak season [1].