2024年冬航季时刻计划详解：冬航季国内时刻稳中有进，国际计划持续恢复

Investment Rating - The report indicates a positive outlook for the aviation sector, highlighting that the industry is in a recovery phase with stable domestic demand and a resurgence in international travel [63]. Core Insights - The 2024 winter flight schedule shows a 22% increase in domestic flight slots compared to 2019, with an average of 17,189 daily slots planned [2][4]. - International and regional flight slots have recovered to nearly 80% of 2019 levels, with daily international flights averaging 2,424, representing a 77% recovery [3][49]. - The report emphasizes the optimization of core resources among major domestic airlines, with a focus on improving operational efficiency [5][62]. Summary by Sections Domestic Flight Schedule - Domestic airlines are set to operate an average of 15,717 flights daily in the winter season, a 22% increase from 2019 [4][6]. - The total daily flight slots for domestic, international, and regional routes are projected to be 17,189, reflecting a 17% increase from 2019 [3][4]. - Coordinated airport slots have also increased, with a daily average of 4,808 slots, up 24% from 2019 [3][6]. International and Regional Flight Recovery - The report notes that international and regional flight schedules have been restored to approximately 77% of pre-pandemic levels, with specific regions like Australia and Southeast Asia showing recovery rates of 84% and 78% respectively [3][54]. - The recovery of international flights is expected to continue, with airlines planning to increase their flight offerings as demand grows [49][54]. Airline Performance and Market Dynamics - Major airlines such as China Southern, China Eastern, and Air China are expected to maintain significant market shares, with their flight volumes showing substantial year-on-year growth [10][62]. - The report highlights that the aviation sector is sensitive to macroeconomic factors and oil price fluctuations, but the current demand trends suggest a favorable environment for growth [63].