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【Cathay Pacific Junan: Pre-Sale For The Spring Festival Travel Season Has Recently Started, And The Industry Expects Supply And Demand To Be Optimistic】Guotai Junan Securities Released A Research Report Stating That Aviation Has Strong Logic, The Spring Festival Travel Season Or Catalytic Optimistic Expectations, Maintaining The Long-Term Logic Of Increasing Aviation Holdings And The Chinese Aviation Industry'S Profit Center Rising For A Long Time. The Recovery Trend Of Supply And Demand In 2025 Was Determined. Considering The Marketability Of Ticket Prices And A Significant Slowdown In Fleet Growth, It Is Expected To Start An Upward Trend In The Profit Center. Demand For The 2025 Spring Festival Travel Season Is Expected To Be Strong, And Overtime During The Spring Festival Travel Season May Be Limited. The Industry Expects Optimistic Supply And Demand, Compounded By Improved Pressure On Oil Prices, Which Is Expected To Show Profit Elasticity Exceeding Expectations And Catalyze Optimistic Expectations. The Market'S Logical Expectations For Aviation Chiefs Are Still Low; The Larger The Differences, The More Room. The 2025 Spring Festival Travel Season Is The Second Normalization Of The Spring Festival Travel Season After The Epidemic. The Spring Festival Holiday Will Be Increased By One Day And Can Be Spent On A Long Vacation. It Is Expected That Demand For Travel During The Spring Festival Travel Season Will Be Strong, And Civil Aviation Passenger Traffic May Reach Another Record High
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