格隆汇11月20日｜国泰航空表示，正密切关注中日旅游事态发展，理解顾客可能因应不同情况而需要调 整行程，将尽量提供支援及弹性处理，为已预订前往日本航班的顾客提供调整行程的灵活选项。此前已 有多间内地航空公司宣布将为客户提供日本机票免费退款及改票。 ...

此前，国泰航空宣布，将与卡塔尔航空签署回购协议，回购卡塔尔航空持有的全部国泰股份，约占公司 已发行股份总数的9.57%，作价达到69.69亿元。据悉，卡塔尔航空于2017年底入股国泰航空。 香港联交所最新资料显示，11月19日，国泰航空(00293)股东将股票存入香港上海汇丰银行，存仓市值 42.12亿港元，占比5.27%。 ...

此前，国泰航空宣布，将与卡塔尔航空签署回购协议，回购卡塔尔航空持有的全部国泰股份，约占公司 已发行股份总数的9.57%，作价达到69.69亿元。据悉，卡塔尔航空于2017年底入股国泰航空。 智通财经APP获悉，香港联交所最新资料显示，11月19日，国泰航空(00293)股东将股票存入香港上海汇 丰银行，存仓市值42.12亿港元，占比5.27%。 ...

Group 1 - Cathay Pacific is offering free cancellation and modification services for travelers booking flights to Japan due to travel warnings issued by the Chinese Ministry of Foreign Affairs and the Hong Kong government [1] - Following the travel warnings, there has been a significant drop in flight bookings to Japan, with a reported 65% decrease in bookings for Chinese routes at Tokyo Narita Airport on November 15 [2] - The number of planned travelers to Japan decreased from approximately 155 million on November 15 to 106 million by November 17, marking a 32% decline [2] Group 2 - The passenger load factor for flights from mainland China to Japan has seen a notable decline, with an expected drop of 12.3 percentage points on November 18 compared to the previous week [3] - The flight cancellation rate reached 13.4% on November 18, the highest in the past five days, indicating a growing trend of cancellations [3] - Many travel agencies have begun to withdraw promotional materials for Japan travel, and a wave of cancellations is anticipated as travelers seek alternative destinations [2]

每经AI快讯，11月19日，港股航空股震荡上升，中国东方航空股份(00670.HK)涨超3%，中国国航 (00753.HK)、中国南方航空股份(01055.HK)均涨超2%，国泰航空(00293.HK)等跟涨。 ...

Group 1 - The core viewpoint of the news highlights a significant decline in Hong Kong airline stocks, with major players like Air China and China Southern Airlines experiencing notable drops in their stock prices [1] - On November 14, the Chinese Ministry of Foreign Affairs and the Chinese consulate in Japan issued a serious reminder regarding Chinese citizens traveling to Japan, leading to several airlines, including Air China, China Southern Airlines, and China Eastern Airlines, announcing special handling plans for tickets related to Japan routes [1] - The weekly flight volume from mainland China to Japan has significantly decreased, with data showing a total of 1,189 flights in the 45th week (November 3-9), representing a recovery rate of 82.9% compared to the same period in 2019, which is a 14.5% decrease from the 40th week [1] Group 2 - Specific stock performance data indicates that Air China saw a decline of 2.46%, China Southern Airlines dropped by 1.69%, and China Eastern Airlines fell by 0.87% [2] - Other airlines such as Cathay Pacific and Meilan Airport also reported minor declines in their stock prices, with Cathay Pacific down by 0.66% and Meilan Airport down by 0.19% [2] - The overall trend reflects a bearish sentiment in the airline sector, particularly concerning routes to Japan, as indicated by the stock price movements of these companies [2]

新华社香港11月16日电 题：从内地到香港，他们一路追逐"飞行梦" 郭辛 香港，一座繁忙的国际航空枢纽城市，每天有近千架次航班在这里起降。引擎轰鸣的背后，是无数航空 从业者的坚守与付出，也承载着一个个跨越山海、奔赴热爱的逐梦足迹。 近年来，越来越多内地飞行人才选择在香港"起飞"。他们中，有因航展点燃飞行梦，最终成长为航空公 司副驾驶的新闻系女生；也有从检修飞机的机械员，蜕变为执飞洲际航线飞行员的理工男…… 今年5月，正式穿上飞行制服的廉荦迎来了执飞的首个航班，从香港飞往多伦多。15小时的航程中，密 集庞杂的飞行信息、复杂多变的气流，持续考验驾驶舱内廉荦的瞬间反应和预判能力，也让她感觉时 间"比想象中要快"。 "飞行手册再详尽，也难以涵盖所有突发状况。"廉荦体会到，只有在日复一日的实际飞行中，理论知识 才能逐渐沉淀为飞行员的肌肉记忆与职业本能。 选择香港，对廉荦而言是顺理成章的决定。在她看来，这座"东方之珠"与航空业有着相同特质，"24小 时运转不息，总能快速找到需要的资源"。 他们带着热忱与期许，在一次次航班起落间，重新定义"家"与"梦想"的坐标，也为香港国际航空枢纽建 设注入源源不断的生机与活力。 缘起航展 ...

缘起航展 志在云霄 新华社香港11月16日电 题：从内地到香港，他们一路追逐"飞行梦" 郭辛 "第一次以飞行员身份坐在驾驶舱，目睹飞机腾空而起的瞬间，我确信所有付出都值得。"国泰航空 A350机队第二副驾驶廉荦的这句话，道出了她对飞行事业的执着与热爱。 这位东北姑娘与蓝天的缘分，始于在珠海求学期间。2017年，攻读国际新闻专业的她，跟随师兄第一次 走进航展。跑道上呼啸而过的机群、航空人展现出的专业精神，让她对这个充满科技感与使命感的行业 产生了浓厚兴趣。 香港，一座繁忙的国际航空枢纽城市，每天有近千架次航班在这里起降。引擎轰鸣的背后，是无数航空 从业者的坚守与付出，也承载着一个个跨越山海、奔赴热爱的逐梦足迹。 近年来，越来越多内地飞行人才选择在香港"起飞"。他们中，有因航展点燃飞行梦，最终成长为航空公 司副驾驶的新闻系女生；也有从检修飞机的机械员，蜕变为执飞洲际航线飞行员的理工男…… 他们带着热忱与期许，在一次次航班起落间，重新定义"家"与"梦想"的坐标，也为香港国际航空枢纽建 设注入源源不断的生机与活力。 2018年，结束美国留学后，学习计算机与电子工程专业的他并未投身互联网热潮，而是回到北京，成为 国泰航 ...

Investment Rating - The report recommends a "Buy" rating for the aviation sector, highlighting strong supply logic and elastic demand, with specific recommendations for several airlines and global aircraft leasing companies [4][104][105]. Core Insights - The global aviation market is experiencing steady recovery, with passenger turnover (RPK) increasing by 4.8% year-on-year in the first three quarters of 2025, driven by international routes [4][7]. - The report emphasizes the ongoing constraints in the aircraft manufacturing supply chain, predicting that the trend of aging aircraft will continue for the next 5-10 years, leading to significant supply limitations [4][104]. - Airlines are expected to see substantial improvements in profitability as they approach a pivotal moment in the industry, with a notable increase in international passenger traffic anticipated [4][104]. Summary by Sections Global Aviation Market Overview - The global aviation market is stabilizing, with RPK growth of 4.8% and ASK growth of 4.7% in the first three quarters of 2025, resulting in an overall passenger load factor increase to 83.5% [4][7]. - The Asia-Pacific region leads in RPK growth at 7.7%, while North America shows minimal growth [4][13]. U.S. Aviation Market Tracking - In Q3 2025, U.S. airline ticket sales saw a rebound with domestic passenger volume up by 7.4% and average ticket prices increasing by 4.1% [4][43]. - The report notes a divergence in performance among major U.S. airlines, with Delta Airlines showing significant profit growth while American Airlines reported losses [4][61][69]. European Aviation Market Tracking - The European aviation market has shown steady recovery, with passenger volumes returning to pre-pandemic levels and ticket prices experiencing slight increases [4][74][83]. - Lufthansa reported a 4% increase in revenue for Q3 2025, driven by strong demand for leisure travel [4][83]. Asian Aviation Market Tracking - Major airports in Southeast Asia and Japan are experiencing continued growth, with passenger volumes surpassing pre-pandemic levels [4][88][94]. - The report highlights the strong recovery in passenger traffic at key transit airports, benefiting from robust demand [4][94]. Investment Analysis - The report suggests that the aviation sector is at a turning point, with airlines likely to experience a "golden era" of profitability due to increasing international travel and effective capacity management [4][104]. - Specific airline recommendations include China Eastern Airlines, China Southern Airlines, and Spring Airlines, among others, with a focus on companies showing continuous improvement in performance [4][104][105].

孙悦怡表示，拥有近八十年发展历程的国泰航空，始终以行业可持续发展的先行者与推动者为己任，是 亚洲区域内首批确立碳中和时间表的航空公司。国泰将致力于在21世纪中叶实现净零碳排放，并将SAF 列为达成这一目标的关键抓手。目前，国泰已在香港、洛杉矶、伦敦、新加坡等全球多个航点推行SAF 加注，同时积极携手中石化、中航油、空客等上下游合作伙伴和中国民航大学等高校科研伙伴，从产学 研用的全方位推进国产SAF创新提速与应用落地，为推动全球SAF生态圈构建与航空业可持续发展贡献 国泰力量。 据悉，目前航空业碳排放量占据全球碳排放总量的2%-3%。随着其他行业加速向低碳转型，航空业碳排 放量所占比例预计将显著上升。航空业减碳是实现双碳目标的关键一环，其中可持续航空燃料（SAF） 对航空业减碳来讲至关重要，是核心路径之一。（编辑：张彤 校对：张薇 审核：韩磊） 《中国民航报》、中国民航网 记者郭瑛 报道：在近日举办的《点燃SAF市场：中国可持续航空燃料规 模化发展政策路径》报告发布会上，作为此次研究报告的航司业界代表、SAF的使用方代表，国泰航空 中国内地公共事务及品牌营销总经理孙悦怡表示，航空业在减少温室气体排放、实现低碳发 ...