华泰证券指出，8月14日中国航协发布《中国航空运输协会航空客运自律公约》，或反应行业改善经营 环境的意愿。该行认为《公约》虽无法起到强制作用，但或可边际改善航司经营环境。整体来看旺季或 由于公商务出行需求不足，行业景气度仍处底部有待提高。不过若行业收益管理边际转向追求量价平 衡，航司收益水平即有望获得改善。 智通财经APP获悉，航空股跌幅居前，截至发稿，中国国航(00753)跌5.31%，报5.17港元；东方航空 (00670)跌4.09%，报3.05港元；南方航空(01055)跌3.28%，报3.83港元；首都机场(00694)跌1.3%，报3.04 港元。 消息面上，上市航司发布7月运营数据。东兴证券指出，7月上市公司国内航线运力投放同比提升 2.3%，环比6月提升约20.5%。行业进入旺季，运力投放环比提升较为明显，但从同比角度考虑，增速 并不算很高。客座率方面，7月上市公司整体客座率较去年同期提升约0.6pct，但环比6月则下降1.0pct。 今年年初以来航司客座率整体高于去年同期，但7月旺季客座率增幅收窄至0.6pct，叠加旺季客座率反而 环比走低，说明今年旺季需求端或弱于航司的预期。7月航司的客座 ...

Core Viewpoint - The China Air Transport Association (CATA) has officially released the "Self-Discipline Convention for Air Passenger Transport" during the China Regional Aviation Development Conference, emphasizing the need for stricter supervision and management of airline ticket pricing and refund policies [1] Group 1: Regulatory Measures - CATA will enhance supervision over airline sales networks and agents regarding ticket prices and refund/change rules, prohibiting illegal bundled sales and additional charges [1] - Airlines are required to issue standardized invoices in accordance with national regulations within their distribution channels [1] - Compliance with the "Public Air Transport Passenger Service Management Regulations" is mandated for all involved parties [1]