金吾财讯 | 华泰证券表示，10月或受益于中秋国庆假期旺季以及之后公商务需求改善，航司实现量价齐升。三大航+春秋+吉祥ASK/RPK分别同增6.3%/9.5%，客座率达到年内最高，同增2.5pct至87.2%，同时根据航班管家数据，第40周-46周（9/29- 11/16）国内线含油票价同增4.2%。往后展望，短期需关注中日航线供需变化及其影响，但行业整体景气呈现底部好转迹象，叠加反内卷和低基数，该机构认为票价同比转正有望在4Q剩余时间延续，同时油价较弱有望降低成本压力，共同改善航司盈利。中长期行业供给增速或将保持低位，景气改善有望传导至票价提升，推荐有望兑现盈利弹性的航空标的。
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