A港航空股持续走强，民航局放宽国内航线航班准入
A股航空板块早盘低开高走，随后高位震荡，截至发稿，航空股全线飘红。国航领涨逾6%，华夏航空涨5.7%，吉祥航空涨5.1%，南航、东航涨近4%，海航、春秋航空等跟涨。
港股航空股也走强，南方航空、中国国航、东方航空皆涨逾3%。
港A两市航空股进一步拉升，主要受民航局放宽国内航线航班准入政策的消息影响。9月15日，民航局运输司副司长靳军号通报放宽部分国内航线航班的准入政策，主要有两方面措施：一是放开核准航段每周最大航班量限制。二是放宽涉及“北上广”三大机场支线航线准入限制。调整后，2019年旅客吞吐量在100万-200万间的32个机场至北上广航线，将不受通航点数量的准入门槛限制。
随着国内航空需求持续恢复，航空公司持续减亏。根据飞常准大数据分析，在暑运带动下，8月份中国内地航线航班执行量继续保持稳定，中国内地机场8月日均起降超过28000架次，实际执飞航班37万班次，较7月环比提升12%，8月单日最高已接近2018年的日均起降水平。
2020年二季度，三大航净利润亏损收窄13%，扣除汇兑和投资损失，国航、南航和东航利润总额亏损收窄29.7%、17.7%和6.7%。预测三季度内线收益降幅收窄至15%左右，航司单季度净利润转正的确定性提升。
从9月3日开始，民航局宣布重启9条往来北京及八个疫情已受控国家的航线，包括泰国、柬埔寨、希腊、丹麦、瑞典等。服务将陆续在9月3日起逐步恢复，而来自其他地区的航班将会被转至12个其他城市的机场。
上周美、布原油期货累跌超6%，美油已跌至37美元/桶；在岸和离岸人民币目前均升破6.78关口，刷新2019年5月以来新高。
同时，十一黄金周即将到来，随着疫情逐步得到控制，疫苗顺利研发的消息不断传来，出行信心进一步得到提升。压制近1年的出行需求，有望在今年十一长假集中爆发。几大因素叠加，共同助推航空股集体走强。
中金研报指出，航空作为接触型行业是受疫情影响最严重的板块之一，在疫情之中盈利和股价均受到大幅损害，但当前基本面和股价的最低点均已过。疫苗年内落地或是大概率事件，如果疫苗上市，航空股或将迎来第一波上涨，如果疫苗接种范围广泛且效果出色，航空股或将迎来第二波上涨。
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