Cathay Pacific Haitong released a research report stating that it will maintain the aviation oil transportation holdings increase rating. The bank expects the 25Q4 aviation industry to drastically reduce losses and reverse losses throughout the year. Japan's route fluctuations will not change the long-term logic, the “15th Five-Year Plan” fleet will maintain low growth, and demand growth will drive higher and sustainable ticket prices and profits. It is recommended to reverse the supercycle. The slight correction in oil freight rates remains high, and the impact of the Russian-Ukrainian peace talks may be limited. I am optimistic that the future economy will rise above expectations.

Cathay Pacific Haitong released a research report stating that it will maintain the aviation oil transportation holdings increase rating. The bank expects the 25Q4 aviation industry to drastically reduce losses and reverse losses throughout the year. Japan's route fluctuations will not change the long-term logic, the “15th Five-Year Plan” fleet will maintain low growth, and demand growth will drive higher and sustainable ticket prices and profits. It is recommended to reverse the supercycle. The slight correction in oil freight rates remains high, and the impact of the Russian-Ukrainian peace talks may be limited. I am optimistic that the future economy will rise above expectations.