Citi released a research report saying that it has given Air China (00753) a "buy" rating and has room for improvement on the 30th, as the May Day Golden Week is approaching, with a target price of 7crashbandicootcollectionps1.1 Hong Kong dollar. Citi believes Air China will benefit from its leadcrashbandicootcollectionps1With its yield status, the domestic passenger load factor will increase. The company has the greatest flexibility in outbound travel, especially its market share advantage on China-Europe routes. Excellent pre-sales data, especially outbound travel, should help stock prices respond positively.

The bank said the upcoming May Day holiday showed a strong pre-sales record: 1) Domestic air ticket pre-sales were reported to have increased 21% year-on-year during the May Day holiday, 41% higher than in 2019. The average selling price for the economy class is RMB 1040, 3% lower than 2023, but 40% higher than 2019, and 80% higher than this year's Qingming Festival.crashbandicootcollectionps1;2) Outbound travel: Ctrip Group-S (09961) stated that on the basis of the new visa-free policy, the number of visa applications increased by 30% year-on-year. Outbound team tours, especially the open-air route between China and Europe, are heating up.