智通财经网·2025-12-01 07:09Core Viewpoint - The aviation sector is experiencing a significant rise, with major Chinese airlines showing notable stock price increases, driven by strong growth in passenger and cargo transport volumes in October [1] Group 1: Airline Stock Performance - China National Aviation (00753) increased by 4.27%, reaching HKD 6.6 [1] - China Southern Airlines (01055) rose by 2.66%, reaching HKD 5.41 [1] - China Eastern Airlines (00670) grew by 2.18%, reaching HKD 4.69 [1] - Capital Airport (00694) saw a rise of 1.43%, reaching HKD 2.84 [1] Group 2: Industry Transport Data - In October, China's civil aviation transport scale showed strong growth, completing a total transport turnover of 146 billion ton-kilometers [1] - The international passenger transport volume and cargo mail transport volume both saw year-on-year growth exceeding 20% [1] - Domestic routes carried 60.845 million passengers in October, a year-on-year increase of 4.4% [1] - International routes transported 6.99 million passengers, marking a year-on-year increase of 20.4% [1] Group 3: Future Industry Outlook - Guotai Junan Securities reported that despite a reduction in passenger flow on Japan routes, airlines are expected to shift focus without altering the long-term logic of an aviation super cycle [1] - The overall performance of airlines is projected to achieve counter-cyclical growth in Q3 2025, despite pressures from weakened summer demand [1] - A significant reduction in losses is anticipated in Q4 2025, with the industry expected to turn profitable for the entire year [1] - The Chinese aviation sector is set to enter a "super cycle," driven by market-driven ticket pricing, steady demand growth, and optimized passenger source structure, which will elevate profitability by 2026 [1]