Oil Prices Fall in June, China Airlines Passenger Declines Narrow to Single Digits; Q3 Travel Expected to Recover

FUEL-0.25%
GAS-0.48%
According to China Galaxy Securities report released July 5, civil aviation passenger traffic declines have narrowed to single-digit levels in late June as oil prices gradually decline. The brokerage expects further reductions in aviation fuel surcharges and gasoline prices in July, with prices declining toward pre-Iran-Israel war levels. Coupled with the upcoming autumn holiday season, Q3 air travel is projected to achieve positive growth, marking overall business recovery for the travel sector.
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