Core Viewpoint - The three major Chinese airlines have seen a rise in stock prices, driven by positive operational data for September, indicating a recovery in the aviation sector [1] Group 1: Airline Performance - Eastern Airlines (00670) increased by 3.95% to HKD 3.68, Southern Airlines (01055) rose by 2.05% to HKD 4.49, and Air China (00753) gained 1.02% to HKD 5.96 [1] - In September, Southern Airlines' passenger capacity increased by 4.43% year-on-year, and passenger turnover rose by 5.25% [1] - Eastern Airlines reported a 3.63% year-on-year increase in passenger capacity and an 8.67% rise in passenger turnover for September [1] - Air China experienced a 5.6% year-on-year increase in passenger turnover, with an average seat occupancy rate of 83.2%, up 3.5 percentage points year-on-year [1] Group 2: Industry Outlook - Guosheng Securities is optimistic about the long-term improvement in the aviation sector, citing low supply growth and ongoing demand recovery, which is expected to narrow the supply-demand gap [1] - The firm anticipates continuous ticket price recovery and improving profitability for airlines due to lower oil prices and the implementation of "anti-involution" policies [1] - Shenwan Hongyuan believes that the aviation industry is at a turning point, with airlines likely to experience significant improvements in profitability, potentially entering a golden era [1]

国盛证券指出，看好航空板块中长期景气提升。该行认为，供给低增速、需求持续恢复，供需缺口缩小 叠加油价中枢下移及"反内卷"政策推进，静待票价持续修复、航司盈利不断改善。申万宏源表示，站在 当前行业变化的拐点来临之际，航空公司效益有望迎来显著提升，航空公司有望迎来黄金时代。 智通财经APP获悉，三大航再度上扬，截至发稿，东方航空(00670)涨3.95%，报3.68港元；南方航空 (01055)涨2.05%，报4.49港元；中国国航(00753)涨1.02%，报5.96港元。 消息面上，近日，多家航空公司发布9月运营数据。数据显示，三大航司的客运运力投入、旅客周转 量、客座率等客运主要运营数据同比均呈上升态势。9月，南方航空客运运力投入同比上升4.43%；旅 客周转量同比上升5.25%。中国东航9月客运运力投入同比上升3.63%；旅客周转量同比上升8.67%。中 国国航9月旅客周转量同比上升5.6%，平均客座率83.2%，同比上升3.5个百分点。 ...