Zhi Tong Cai Jing·2026-01-09 07:42Group 1 - The aviation stocks have collectively declined, with China Eastern Airlines down 3.98% to HKD 5.31, China Southern Airlines down 3.63% to HKD 5.84, Air China down 2.06% to HKD 7.14, and Cathay Pacific down 2.04% to HKD 12.47 [1] - Following the New Year, domestic air ticket prices have significantly dropped, with some tickets available for as low as 10% of their original price, prompting consumers to choose off-peak travel [1] - A third-party ticketing platform reported that flights from Guangzhou to various cities are priced as low as RMB 210 (excluding tax), equivalent to a fare of 1.1% of the original price for a flight from Guangzhou to Shanghai on January 7 [1] Group 2 - Brent crude oil futures surged by 5% at one point, reaching a nearly two-week high, closing at USD 61.99 per barrel, an increase of USD 2.03 or 3.4% from the previous trading day [1] - According to Huachuang Securities, a 10% change in oil prices corresponds to an annual cost impact of approximately RMB 4.3 to 5.1 billion for the three major airlines, while a 1% fluctuation in exchange rates affects them by RMB 130 to 260 million [1]