【券商聚焦】国泰海通：油价下行票价修复将加速航空板块盈利恢复与中枢上升

金吾财讯2025-06-30

金吾财讯 | 国泰海通证券研报表示，2025年上半年机队小幅增长，暑运机队周转提升空间极为有限，且时刻控量加班受限，预计运投同比或仅小幅增长，其中国内运投或几无增长。暑运亲子游将继续旺盛，供需预期乐观。近期部分航司局部市场预售票价略作调整，保障暑运预售进度良好。该机构表示，考虑2024年暑运票价低基数，预计2025年暑运票价将同比上升，航司盈利有望再创新高。中国航空已进入供给低增时代，需求自4月...

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