智通财经APP获悉，航空股走势疲软，截至发稿，中国国航(00753)跌2.71%，报4.66港元；南方航空(01055)跌1.23%，报3.2港元；东方航空(00670)跌0.86%，报2.3港元。
消息面上，三大航一季度集体亏损。具体来看，中国国航一季度实现营业收入400.23亿元人民币，同比减少0.11%；归属于上市公司股东的净亏损20.44亿，同比扩大22.07%。南方航空一季度实现营业收入434.07亿元，同比减少2.68%；归属于上市公司股东的净亏损约7.47亿元，同比盈转亏。东方航空一季度归属于上市公司股东的净亏损约9.95亿元，同比扩大23.91%。
华泰证券近期研报指出，1Q25航司收益水平仍较弱，尚未明显改善，或使得板块一季度盈利同比承压。关于对等关税对航空板块的影响，仍需观察关税政策之后演变及其执行情况，航材、飞机引进相关成本或将提升，同时或使得供给进一步放缓。往后展望，需跟踪公商务及假期出行数据，该行仍认为低供给有望延续，供需向好或推动航司票价提升，推荐景气有望改善的航空板块。
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