CITIC Securities: It is expected that the number of passenger flights taking off and landing during the Spring Festival travel rush will exceed one million.

CITIC Securities released a preview of the 2026 civil aviation Spring Festival travel. Based on comprehensive statistics from the Civil Aviation Administration, the Spring Festival travel report from Tongcheng Travel, and other authoritative sources, the domestic flight booking volume is on the rise, with ticket prices and time slots showing "double peaks". The domestic market for the 2026 civil aviation Spring Festival travel is heating up early. As of January 11th, Tongcheng Travel data shows that domestic flight bookings have increased by 8% compared to the same period in 2025, and the booking curve has continued to rise after the New Year holiday. The search volume for international flights has surged, with destinations and ticket prices showing a stark contrast. Ticket prices in regions such as Japan, South Korea, Australia, the Middle East, and the Americas have significantly decreased compared to the same period last year, while ticket prices in Southeast Asia have slightly increased compared to the same period in 2025. Overall, domestic airlines have experienced growth, with significant differences in their performance. Specifically, airlines such as Hua Xia Airlines, Western Airlines, and Tibetan Airlines have shown leading increases in capacity. Large-scale airports are leading the way, with regional variations in performance. It is expected that during the Spring Festival travel period, the number of passenger flights taking off and landing will exceed one million, with 80% of airports experiencing year-on-year growth.