国泰海通：油价下降与票价修复将加速航空盈利恢复关注内需主题与转口贸易

智通财经2025-04-30

智通财经APP获悉，国泰海通发布研报称，维持航空油运增持。1)航空：重视长逻辑。近期公商务出行活跃，料五一客流明显增长。2025年供需继续恢复，油价下降与票价修复将加速盈利恢复。2)油运：OPEC+有望6月继续加速增产。原油增产利好油运，且具油价下跌期权。3)北方进出口调研：美线出口货量缩减，进口影响相对有限。关注内需主题与转口贸易。国泰海通主要观点如下：近期公商出行活跃，五一机票预售加快近期传统...

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国泰海通：油价下降与票价修复将加速航空盈利恢复 关注内需主题与转口贸易

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国泰海通：油价下降与票价修复将加速航空盈利恢复关注内需主题与转口贸易