Core Viewpoint - The report from Huatai Securities indicates a decline in the growth rate of airline capacity during the off-peak season in June, with the three major airlines plus Spring Airlines and Juneyao Airlines showing a year-on-year supply increase of 4.7% while maintaining a high passenger load factor, which increased by 1.7 percentage points to 84.6% [1] Group 1 - The short-term focus should be on monitoring ticket prices and passenger load factors during the peak season, as the current sector may have already reflected the weaker ticket prices [1] - Huatai Securities believes that the industry's supply growth rate will remain low, and if the supply-demand relationship improves, combined with revenue management, airlines' profitability is expected to show elasticity [1] - The aviation sector continues to be recommended for investment [1]