【国泰海通交运|岳鑫团队】油价汇率利好航空,海南封关促进流动

交运鑫观点
Dec 21

报告发布:2025年12月21日报告导读航空:油价汇率利好航空,关注反内卷与提振消费。看好需求增长驱动票价盈利上行且持续,建议逆向布局超级周期。油运:运价仍维持高位,俄乌和谈影响或有限,看好未来景气超预期上升。海南封关:政策红利有望拉动区域经济发展与客货流动。航空:油价汇率利好航空,关注反内卷与提振消费。看好需求增长驱动票价盈利上行且持续,建议逆向布局超级周期。油运:运价仍维持高位,俄乌和谈影响或...

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