HK Stock Market Move | Airline stocks are leading the gains, with official expectations predicting that this year's Spring Festival travel rush will set a new historic high. The demand for civil aviation travel is strong.

Aviation stocks led the gains. As of the time of writing, Air China Limited (00753) rose 5.49% to 7.49 Hong Kong dollars; China Eastern Airlines (00670) rose 5.17% to 6.1 Hong Kong dollars; China Southern Airlines (01055) rose 4.92% to 6.4 Hong Kong dollars; CATHAY PAC AIR (00293) rose 0.97% to 12.52 Hong Kong dollars. On the news front, the 2026 Spring Festival holiday has been extended again, ensuring that family visits and travel continue to boom. A recent national Spring Festival teleconference estimated that the cross-regional personnel flow during the 2026 Spring Festival will reach 9.5 billion person-times, an increase of about 5.3% year-on-year, reaching a new historical high. It is expected that the overall scale of railway and civil aviation passenger traffic during the Spring Festival, as well as the daily peak values, will exceed historical peak values. According to data from the air travel industry, as of January 29, the number of domestic flight bookings has exceeded 7.16 million, with a year-on-year daily average increase of +16%. Guotai Junan Securities stated that the high-frequency booking data corroborates the official transport volume forecast, reflecting strong demand for civil aviation travel, coupled with steadily increasing flight supply, which is expected to support the simultaneous improvement of Spring Festival civil aviation passenger flow and revenue levels.