Galaxy Securities: Airlines are expected to usher in a situation where both volume and price rise together, and profitability may further increase.

Jinshi Data News on February 26th, Guotai Junan Securities research report stated that by 2025, with the accelerated increase in international flights and the continuation of the trend, coupled with the launch of the '924' package of policies to boost domestic demand, the demand for civil aviation travel in 2025 is expected to further release. With the optimization of supply and demand pattern and the improvement of oil and exchange rate prices, under the marginal improvement of several factors, the market space for ticket prices to be market-oriented is further opened up, and airlines are expected to usher in a situation of simultaneous rise in volume and price, with profitability level potentially further thickening.