On June 25, Air China rose 3.93% in regular trading, trading at HKD 4.49 per share, with turnover of HKD 22.12 million. The rally was driven by a sharp decline in international crude oil prices, which significantly reduces fuel cost pressure for airlines.

On the news front, the US-Iran temporary ceasefire memorandum of understanding has been formally signed, removing shipping risk through the Strait of Hormuz and rapidly unwinding the geopolitical risk premium embedded in crude prices. WTI crude weakened in tandem, directly repairing the market's pessimistic outlook on airline profitability. Aviation fuel accounts for 25%-36% of total operating costs for airlines, and every USD 10/barrel drop in oil prices can boost annual profits for major carriers by hundreds of millions of yuan. Additionally, domestic jet fuel ex-factory prices declined month-over-month in June, triggering a corresponding reduction in fuel surcharges expected in July, which may stimulate price-sensitive passenger demand ahead of the summer travel peak.

Within the Airlines sector, the broader sector rallied in tandem. Among individual stocks, China Eastern Airlines rose 5.72%, China Southern Airlines rose 4.32%, and Cathay Pacific Airways rose 2.95%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)