Group 1 - The core viewpoint is that airline stocks are rising due to positive operational data released by major airlines for September, indicating an increase in passenger capacity, turnover, and load factors year-on-year [1] Group 2 - In September, Southern Airlines reported a 4.43% year-on-year increase in passenger capacity and a 5.25% increase in passenger turnover [1] - China Eastern Airlines saw a 3.63% year-on-year increase in passenger capacity and an 8.67% increase in passenger turnover, with a load factor of 87.57%, up 4.06 percentage points year-on-year [1] - Air China experienced a 5.6% year-on-year increase in passenger turnover and an average load factor of 83.2%, which is up 3.5 percentage points year-on-year [1] Group 3 - Huatai Securities noted that after the summer travel season, the growth rate of airline capacity slightly slowed in September, but load factors remained high, and ticket prices began to show positive year-on-year growth due to recovering business demand [2] - According to data from Flight Manager, domestic ticket prices increased by 3.0% year-on-year from September 1 to October 12 [2] - Looking ahead, the new flight season is expected to continue tightening in terms of flight schedules, indicating signs of improvement in the industry, with the potential for positive ticket price growth to continue into Q4, alongside falling oil prices that may reduce cost pressures for airlines [2]
港股异动 | 航空股再度走高 三大航司9月主要运营数据亮眼 行业景气好转有望持续