Core Viewpoint - The three major airlines in China are experiencing a rise in stock prices, driven by increasing travel demand as universities close for holidays and commercial travel resumes, alongside a significant increase in ticket sales for the upcoming Spring Festival travel season [1] Group 1: Airline Stock Performance - China Southern Airlines (600029) shares rose by 3.21% to HKD 6.1 - China Eastern Airlines (00670) shares increased by 2.63% to HKD 5.85 - Air China (601111) shares climbed by 2.23% to HKD 7.33 [1] Group 2: Market Analysis and Forecast - Guotai Junan Securities notes that with the holiday season approaching and commercial travel recovering, there is a noticeable rebound in air travel volume and pricing [1] - The firm anticipates strong demand for the 2026 Spring Festival, with a significant increase in ticket sales [1] - The Chinese aviation supply has entered a low growth phase, and with market-driven ticket pricing, steady demand and improved revenue management by airlines are expected to drive sustainable profitability [1] Group 3: Investment Outlook - Zhongtai Securities highlights that favorable oil and exchange rates are likely to continue, coupled with the "anti-involution" initiative and the Spring Festival holiday, creating strong expectations for improved air travel volume and pricing [1] - The cyclical effect of civil aviation volume and pricing is gradually becoming evident, with high passenger load factors and industry initiatives expected to drive industry prosperity beyond expectations [1] - The firm maintains a positive outlook on investment opportunities in the aviation sector [1]