China Galaxy Securities: Oil prices are gradually declining, and the travel sector chain is expected to recover in Q3

Golden Ten Data, July 5 – China Galaxy Securities released a research report stating that as oil prices gradually declined in mid-June, the year-on-year decrease in domestic civil aviation passenger traffic for week 24–25 of 2026 has narrowed to single digits. Considering that in July, domestic civil aviation fuel surcharges and gasoline prices will further fall back to levels before the Israel-Iran war, and with the autumn holiday approaching, the year-on-year growth rate of trips in Q3 is expected to turn positive, leading to a marginal improvement in the overall travel industry chain's performance.