交通运输周报：浦东机场花园航站楼设计年容量5000万人次

Investment Rating - The report indicates a positive outlook for the aviation sector, suggesting a focus on Spring Airlines, Hainan Airlines Holding, and Juneyao Airlines as key investment opportunities [5][6][61]. Core Insights - The transportation index decreased by 1.1% from November 18 to November 22, 2024, outperforming the Shanghai Composite Index, which fell by 1.9% during the same period [3][33]. - The aviation sector showed a significant increase of 3.9%, while express delivery faced a decline of 5.6% [3][33]. - The report highlights the recovery of international flight demand and the expected rise in airline profits in 2024, driven by strong travel demand during peak seasons [5][59]. Weekly Market Review - The transportation index experienced a decline of 1.1%, with various subsectors showing mixed performance: air transport (+3.9%), warehousing (+2.9%), public transport (+1.0%), while road freight and shipping saw declines of -2.5% and -2.7% respectively [3][33]. - The report emphasizes the importance of monitoring oil transport prices and national road freight traffic as key indicators for the sector [3][58]. Shipping Data Observation - As of November 22, 2024, the SCFI index was at 2160.08, down 4.1% from the previous week, while the BDI index fell by 13.9% to 1537 [4][40]. - The report notes a significant increase in the BCTI index by 31.4%, indicating a tightening supply-demand situation in oil shipping [4][41]. Recent Highlights - The Pudong Airport terminal is designed to accommodate 50 million passengers annually, marking a significant infrastructure development in the aviation sector [4][49]. - Liaoning Port's container sea-rail transport has seen a growth of over 17% in dispatch volume from January to October 2024, reflecting a positive trend in logistics [4][51]. - Jilin Province is developing a comprehensive cold chain logistics network, which is expected to enhance the efficiency of express delivery services [4][52]. Investment Strategy - The report suggests a focus on the aviation sector due to the expected recovery in international travel and stable growth in domestic demand, with specific recommendations for Spring Airlines, Hainan Airlines Holding, and Juneyao Airlines [5][59][61]. - In the express delivery sector, the report indicates a decline in average selling prices for major companies, suggesting a cautious approach [5][60].