Group 1 - The core viewpoint of the article highlights the accelerated recovery of business travel demand after the Lantern Festival, which is a significant support for the recent normalization of domestic ticket prices [1][2] - The analysis of historical data shows that business travel demand typically declines around the Lunar New Year and then rises again after the holiday, with 2025 showing a faster recovery compared to 2024 [2][3] - The average passenger volume on the Beijing-Shanghai route after the Lantern Festival in 2025 reached 92.4% of the volume from ten days before the Spring Festival, indicating a stronger recovery trend [2][3] Group 2 - The expectation for the recovery of China-US routes in 2025 is crucial, as the restoration of long-haul flights will benefit airlines by optimizing unit fuel costs [3][4] - The international flight recovery rate reached 90.3% in the first eight weeks of 2025, with significant increases in flight volumes to Southeast Asia and East Asia [3] - The geopolitical situation, including potential ceasefires, may lead to the restoration of previously restricted international flights, further enhancing operational efficiency for airlines [3][4] Group 3 - Sanctions against Iran may lead to a reduction in oil prices, alleviating fuel cost pressures for airlines, which is expected to catalyze profit growth in 2025 [4][6] - The average price of aviation kerosene in early 2025 decreased by 9.8% year-on-year, which directly impacts airline profitability [4][6] - The decline in fuel surcharges due to lower oil prices will also benefit airlines by increasing their revenue from ticket sales [4] Group 4 - The overall passenger volume in civil aviation increased by 7.4% year-on-year during the Spring Festival, with a notable recovery in business travel demand [6] - The article suggests that if the geopolitical situation stabilizes, it could lead to further recovery in international routes, particularly benefiting major airlines [6] - Current airline valuations are considered attractive, and it is recommended to strategically invest during the off-peak season [6]