小摩：油价急升抵消中国航空业上升周期维持对行业的审慎看法

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智通财经APP获悉，摩根大通发布研报称，中国航空公司正进入逾十年来最强劲的供需格局，飞机交付短缺限制了2026至2027年运力增长，维持于约3%至4%，行业客座率在去年第四季创下历史新高。然而，伊朗与美国的战争已成为主导的短期风险，布伦特原油已急升约50%至每桶115美元，而中国航空公司完全未有对冲，燃油约占营运成本三分之一。该行基本情境预测2026至2027年油价为每桶80美元，将使三大内地...

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小摩：油价急升抵消中国航空业上升周期 维持对行业的审慎看法

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小摩：油价急升抵消中国航空业上升周期维持对行业的审慎看法