智通财经APP获悉，航空股集体反弹，截至发稿，东方航空(00670)涨4.94%，报4.04港元；中国国航(00753)涨4.9%，报4.92港元；南方航空(01055)涨3.54%，报4.1港元；国泰航空(00293)涨1.04%，报11.7港元。
消息面上，2026年一季度，国内七大上市航司全部实现盈利，三大航集体扭亏为盈，创下近年来最亮眼的一季报。数据显示，三大航一季度实际承担的国内航油均价同比下降约8%，原因在于航空公司的燃油采购成本主要反映此前几个月已锁定的航油价格。分析指出，国际油价飙升传导至国内航油采购端至少需要4-6周。真正的成本冲击将在二季度集中体现。
华创证券发布研报称，短期受航油成本上升影响，航空股股价已经大幅调整。4月5日起国内航线燃油附加费上调帮助航司缓解部分成本压力。但我们认为中期供需逻辑依旧明确，供给侧强约束，需求侧韧性增长，且国际线增速快于整体，拉动周转，下跌带来潜在机遇。
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