Core Viewpoint - The aviation stocks have risen in the afternoon trading session, driven by increased demand for domestic and international flights during the upcoming Mid-Autumn Festival and National Day holiday periods [1] Group 1: Stock Performance - China National Aviation (601111) rose by 4.82% to HKD 5.44 [1] - Eastern Airlines (00670) increased by 3.74% to HKD 3.05 [1] - Southern Airlines (600029) gained 2.65% to HKD 3.88 [1] Group 2: Ticket Booking Trends - As of September 8, domestic flight ticket bookings for the Mid-Autumn and National Day holidays exceeded 3.26 million, with a daily average increase of over 26% compared to the same period last year [1] - International flight ticket bookings surpassed 1.16 million, with a daily average increase of approximately 15% year-on-year [1] Group 3: Market Insights - According to Guotai Junan Securities, significant activities in early September have led to a rapid recovery in market volume and pricing, particularly in Beijing, with active business travel demand [1] - Anticipated major meetings in October are expected to shift business travel demand forward, supporting continued positive trends in volume and pricing through mid to late September [1] - Forecasts suggest that airline profitability may continue to grow year-on-year in Q3 2025, despite potential price wars in Q4 2024 leading to lower ticket prices [1] - The industry is expected to significantly reduce losses and potentially turn profitable for the year, driven by a recovery in business travel demand and a slowdown in fleet growth [1]

Core Viewpoint - The aviation sector is experiencing a rise in stock prices, driven by increased demand for domestic and international flights during the upcoming Mid-Autumn Festival and National Day holidays, with significant growth in ticket bookings compared to last year [1] Group 1: Stock Performance - As of the report, China National Aviation (00753) increased by 4.82% to HKD 5.44, Eastern Airlines (00670) rose by 3.74% to HKD 3.05, and Southern Airlines (01055) gained 2.65% to HKD 3.88 [1] Group 2: Ticket Booking Trends - As of September 8, domestic flight ticket bookings for the Mid-Autumn Festival and National Day holidays exceeded 3.26 million, with an average daily booking increase of over 26% compared to the same period last year [1] - International flight ticket bookings surpassed 1.16 million, with a daily booking increase of approximately 15% year-on-year [1] Group 3: Market Insights - According to Guotai Junan Securities, following significant events in early September, the Beijing market has seen a rapid recovery in both volume and price, with active demand from business travelers [1] - Anticipating the impact of major meetings in October, business travel demand is expected to shift forward, supporting continued positive trends in volume and pricing through mid to late September [1] - It is projected that airline profitability will continue to grow year-on-year in Q3 2025, with expectations of reduced losses in the off-peak season due to a price war in Q4 2024, leading to an overall industry turnaround [1] - The long-term outlook for the aviation industry remains positive, with expectations for an increase in profitability as business travel demand recovers and market pricing becomes more competitive [1]