Core Viewpoint - The domestic airline stocks have risen in early trading, driven by positive earnings reports for Q3 2025 from major airlines, indicating a potential "super cycle" in the industry due to increased demand and rising ticket prices [1] Group 1: Airline Stock Performance - Eastern Airlines (00670) increased by 3.26%, trading at 4.44 HKD - Air China (601111) (00753) rose by 2.91%, trading at 6.36 HKD - Southern Airlines (600029) (01055) gained 2.63%, trading at 5.08 HKD - Capital Airport (00694) saw a rise of 1.06%, trading at 2.85 HKD [1] Group 2: Financial Performance - Major domestic airlines reported revenue growth and profitability for Q3 2025, supported by summer travel and foreign exchange gains - The combined net profit of the three major airlines after excluding non-recurring items reached 10.27 billion, an increase from 9.19 billion in the same period last year [1] Group 3: Market Outlook - According to Guotai Junan Securities, October is expected to see a 5% year-on-year increase in passenger traffic due to strong private travel and active business travel post-holiday - Domestic jet fuel prices remained stable year-on-year, while ticket prices increased by 3-4%, further expanding from September - The Chinese aviation industry is anticipated to achieve profitability in October, outperforming typical seasonal performance - The industry is expected to enter a "super cycle," driven by market-driven ticket pricing, steady demand growth, and optimized passenger structure, which will elevate the profit center for airlines by 2026 [1]
航空股早盘走高 三季度三大航迎来集体盈利 机构估算10月份航空量价继续上升