文｜许可 陈宇供给端的刚性约束叠加政策引导，为行业形成稳固的供需改善逻辑，奠定航企盈利弹性与周期上行的基础。航空板块作为交运板块中的顺周期加强品种，当下宏观预期的转向有望催化行情的开启。需求端，后续宏观政策的持续发力有望助力国内航空出行需求改善，同时中国进一步扩大免签国家范围，国际线有望加快修复；在民航局“遏制无序竞争、引导理性定价”等反内卷政策指引下，叠加控时刻总量优化时刻结构，未来2-3年国内...
Source Link文｜许可 陈宇供给端的刚性约束叠加政策引导，为行业形成稳固的供需改善逻辑，奠定航企盈利弹性与周期上行的基础。航空板块作为交运板块中的顺周期加强品种，当下宏观预期的转向有望催化行情的开启。需求端，后续宏观政策的持续发力有望助力国内航空出行需求改善，同时中国进一步扩大免签国家范围，国际线有望加快修复；在民航局“遏制无序竞争、引导理性定价”等反内卷政策指引下，叠加控时刻总量优化时刻结构，未来2-3年国内...
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