Di Yi Cai Jing·2026-02-04 05:11Core Viewpoint - The A-share aviation sector has seen significant gains, with several airlines recently disclosing optimistic 2025 performance forecasts, leading to a surge in stock prices [1][6]. Group 1: Stock Performance - On February 4, the A-share aviation sector collectively rose, with Huaxia Airlines and China Eastern Airlines hitting the daily limit, while Southern Airlines and Air China saw increases exceeding 6% [1]. - China Eastern Airlines and Huaxia Airlines reported substantial stock price increases of 9.98% and 10.02%, respectively, while Southern Airlines rose by 7.84% [2][5]. Group 2: Spring Festival Travel - The 2026 Spring Festival travel period began on February 2, with expectations of record passenger volumes, as the first day saw 2.19 million air travelers, a 5.3% increase from the same day in 2025 [3][5]. - The average ticket price for domestic economy class on the first day of the Spring Festival was 807 yuan, reflecting a year-on-year increase of 9.3%, although it was a slight decrease of 1.5% compared to the same period in 2019 [3][5]. Group 3: Airline Performance Forecasts - Huaxia Airlines expects a net profit of 500 to 700 million yuan for 2025, representing a year-on-year increase of 86.59% to 161.22% [6]. - Southern Airlines anticipates a turnaround with a projected net profit of 800 million to 1 billion yuan, while China Eastern Airlines and Air China expect significant reductions in losses due to tax adjustments rather than operational issues [6]. - The overall profitability of the civil aviation sector in 2025 is projected to be 6.5 billion yuan, with the total number of air travelers exceeding 500 million, making China the largest aviation population globally [6].