【国泰海通交运|岳鑫团队】周观察:换季局方严控时刻增长,反制望减缓船厂航企影响

交运鑫观点
Oct 19, 2025

报告发布:2025年10月19日报告导读航空:重视航空长逻辑,Q3盈利有望逆势增长,换季局方严控时刻增长,关注公商务恢复持续性。油运:原油运价维持高位,对美反制或驱动运价上升。热点:中国对美301反制,望减缓中国船厂航企影响。投资要点一、航空:冬春换季局方严控时刻增长,关注后续公商恢复节后淡季民航市场客座率仍维持高位,国内裸票价保持同比上升。考虑下周重要会议召开及民航冬春换季或影响公商务客流,待...

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