另外，在国庆中秋长假期间，航空量价齐升，国内民航客运量同比增长，票价也同比上升。行业第三季 度盈利有望继续同比增长，甚至高于2019年同期，展现出盈利潜力。此外，外部环境变化促使民航国产 化进程加速，带来长期发展机遇。(格隆汇) | 代码 | 名称 | 最新价 | 涨跌幅 > | | --- | --- | --- | --- | | 00670 | 中国东方航空股 | 3.630 | 6.14% | | 01055 | 中国南方航空股 | 4.490 | 3.70% | | 00753 | 中国国航 | 5.960 | 2.41% | 港股三大航空股继续昨日强势行情，其中，中国南方航空涨超6%，中国东方航空涨近4%，中国国航涨 2.4%。 消息上，近期航空股受到市场关注，板块表现活跃，这主要得益于即将启动的冬春新航季、持续向好的 行业基本面以及政策层面的支持。2025年冬春航季将于10月26日启动，多家航空公司已公布新增航线计 划，例如华夏航空新增5条航线，中国国航新开3条航线。这为行业带来新的增长预期。 ...

Core Points - The board of directors of China Eastern Airlines convened its 10th meeting in 2025 on October 15, where they unanimously approved the proposal to establish the "Management Rules of China Eastern Airlines" [1] - The company reported a year-on-year increase in passenger capacity by 3.63% and passenger turnover by 8.67% for September 2025, with a seat load factor of 87.57%, up by 4.06 percentage points [4] - Cargo and mail turnover increased by 10.95% year-on-year in September 2025 [4] - New domestic and international routes were launched, including Shanghai Pudong to Yiwu and Shanghai Pudong to Barcelona, among others [4] - The fleet expanded with the addition of 4 aircraft in September 2025, bringing the total operational fleet to 820 aircraft [5]

Core Viewpoint - China Eastern Airlines (CEA) has become the first domestic airline to offer free Wi-Fi service across all cabin classes on its wide-body "Air Express" flights, breaking the previous norm of limiting free Wi-Fi to premium classes [1][3]. Group 1: Free Wi-Fi Implementation - Starting from October 11, CEA's free Wi-Fi service will be available for all passengers in economy, business, and first class on designated routes [1]. - The free Wi-Fi covers 37 routes, including major business travel routes such as Shanghai Hongqiao to Beijing Capital, Guangzhou, and Shenzhen, accounting for 70% of CEA's domestic wide-body flights [1]. - Currently, CEA has equipped 110 wide-body aircraft with Wi-Fi, and this initiative marks a significant expansion of free Wi-Fi access [1]. Group 2: Service Levels and Upgrades - The free Wi-Fi service is categorized as a basic service, supporting web browsing, instant messaging, online office work, and email handling [3]. - Passengers seeking enhanced experiences, such as audio and video entertainment, can upgrade to standard or premium Wi-Fi services for a fee [3]. - Previously, the full Wi-Fi service cost 50 yuan, but now passengers can upgrade from the free basic version to the standard version for 30 yuan if they desire entertainment options [3]. Group 3: Industry Trends - The trend of offering free in-flight Wi-Fi is gaining momentum globally, with airlines like Turkish Airlines and Emirates planning to expand free Wi-Fi access to more classes by 2025 [6][7]. - CEA's move to provide free Wi-Fi is part of a broader shift in the airline industry, where companies are transitioning from price competition to service differentiation [9]. - The recognition of in-flight Wi-Fi as a necessary service rather than an optional add-on reflects changing consumer expectations, particularly among business travelers [11]. Group 4: Technological Developments - Recent advancements have allowed for continuous Wi-Fi connectivity from takeoff to landing, enabling passengers to remain connected at all times [12]. - The integration of high and low Earth orbit satellites is becoming a trend in the industry, with ongoing developments in domestic low Earth orbit satellite technology [14][16]. - Major airlines, including United Airlines, are partnering with companies like SpaceX to implement satellite-based Wi-Fi systems, aiming for comprehensive coverage by 2025 [14][16].

Company News - China Coal Energy (01898.HK) reported a coal sales volume of approximately 190 million tons for the first nine months, a year-on-year decrease of 7.4%. In September, coal sales volume was 19.66 million tons, down 20.1% year-on-year [1] - China Southern Airlines (01055.HK) saw a 4.43% year-on-year increase in passenger capacity in September, with passenger turnover rising by 5.25%. The passenger load factor was 86.30%, an increase of 0.67 percentage points year-on-year. Cargo and mail turnover increased by 1.91% year-on-year [1] - China Eastern Airlines (00670.HK) reported a 3.63% year-on-year increase in passenger capacity for September, with passenger turnover up 8.67%. The passenger load factor was 87.57%, an increase of 4.06 percentage points year-on-year. Cargo and mail turnover rose by 10.95% year-on-year [1] - China Resources Power (00836.HK) achieved a cumulative electricity sales volume of 161 million MWh for the first nine months, an increase of 4.2% year-on-year, with wind power sales up 10.3% and solar power sales up 35.1% year-on-year [1] - Hopson Development Holdings (00754.HK) reported a total contract sales amount of 11.264 billion yuan for the first nine months, a year-on-year decrease of 12.62% [1] - China Design Group (01599.HK) won important project bids totaling approximately 3.175 billion yuan in the third quarter [1] - Jiumaojiu International Holdings (09922.HK) reported table turnover rates for its brands in the third quarter: 3.3 for Taier (self-operated only), 2.4 for Song Hotpot, and 2.5 for Jiumaojiu (self-operated only). Same-store average daily sales decreased by 9.3%, 19.1%, and 14.8% year-on-year, respectively, with the decline continuing to narrow [1][1] Financing and Buyback Activities - Xiaomi Group-W (01810.HK) repurchased 2 million shares for a total of approximately 98.9589 million HKD, with a repurchase price range of 49.42 to 49.54 HKD [5] - Yum China (09987.HK) repurchased 18,800 shares for approximately 6.2596 million HKD, with a repurchase price range of 330.6 to 340.2 HKD [6] - HSBC Holdings (00005.HK) repurchased 4.721 billion HKD worth of shares, totaling 4.6216 million shares, with a repurchase price range of 101.1 to 103.2 HKD [7] - Qiniu Intelligent (02567) has cornerstone investor He Shun voluntarily extend the lock-up commitment, representing approximately 3.20% of the total issued shares [8] - China Galaxy (06881.HK) completed the issuance of 4 billion HKD short-term financing bonds with a final coupon rate of 1.66%, primarily for working capital replenishment [8] - Huaneng International Power (00902.HK) issued 3 billion HKD ultra-short-term financing bonds with an issuance rate of 1.50% [9]

Core Viewpoint - China Eastern Airlines reported an increase in passenger capacity and turnover for September 2025, indicating positive growth trends in the airline industry [1] Group 1: Passenger Metrics - The passenger capacity input (measured in available seat kilometers) for September 2025 increased by 3.63% year-on-year [1] - The passenger turnover (measured in revenue passenger kilometers) rose by 8.67% year-on-year [1] - The passenger load factor reached 87.57%, up by 4.06 percentage points year-on-year [1] Group 2: Cargo Metrics - The cargo and mail turnover (measured in cargo mail ton kilometers) increased by 10.95% year-on-year for September 2025 [1]

Core Insights - China Eastern Airlines reported a 3.63% year-on-year increase in passenger capacity for September 2025, measured in available seat kilometers [1] - The passenger turnover increased by 8.67% year-on-year, measured in revenue passenger kilometers [1] - The passenger load factor reached 87.57%, up by 4.06 percentage points year-on-year [1] - Cargo and mail turnover saw a year-on-year increase of 10.95%, measured in cargo and mail ton kilometers [1] Domestic Market Developments - New domestic routes were launched, including Shanghai Pudong to Yiwu, and frequency increases on routes such as Shanghai Hongqiao to Guangzhou, Jinan, Harbin, and Hefei [1] - The company also expanded its international market with new routes from Shanghai Pudong to Barcelona, Casablanca, Phnom Penh, Tashkent, and others, along with resuming the Vancouver route and increasing frequency to Abu Dhabi [1] Fleet Updates - In September 2025, the company introduced 4 new aircraft, comprising 3 A320 series and 1 B787 series, while retiring 2 A320 series aircraft [1] - As of the end of September 2025, the total operational fleet consisted of 820 aircraft [1]

Core Insights - China Eastern Airlines reported a 3.63% year-on-year increase in passenger capacity for September 2025, measured in available seat kilometers [1] - The passenger turnover increased by 8.67% year-on-year, measured in revenue passenger kilometers [1] - The passenger load factor reached 87.57%, up by 4.06 percentage points year-on-year [1] - Cargo and mail turnover saw a year-on-year increase of 10.95%, measured in cargo and mail ton kilometers [1] Domestic Market Developments - New domestic routes were launched, including Shanghai Pudong to Yiwu, and frequency increases on routes such as Shanghai Hongqiao to Guangzhou, Shanghai Hongqiao to Jinan, and others [1] - The company resumed operations on several routes, including Shanghai Pudong to Vancouver, and increased frequency on routes like Shanghai Pudong to Abu Dhabi [1] Fleet Expansion - In September 2025, the company introduced 4 new aircraft, comprising 3 A320 series and 1 B787 series, while retiring 2 A320 series aircraft [1] - As of the end of September 2025, the total operational fleet consisted of 820 aircraft [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任 何責任。 （在中華人民共和國註冊成立的股份有限公司） （股份代號：00670） 海外監管公告 中国东方航空股份有限公司 China Eastern Airlines Co., Ltd. 此海外監管公告是根據香港聯合交易所有限公司證券上市規則第13.10B條作出。 茲載列中國東方航空股份有限公司在上海證券交易所網站刊登的以下資料中文全文，僅供參 閱： 承董事會命 中國東方航空股份有限公司 李干斌 聯席公司秘書 中華人民共和國，上海 2025年10月15日 於本公告日期，本公司董事包括王志清（董事長）、成國偉（董事）、孫錚（獨立非執行董事）、陸雄文（獨立非執行董 事）、羅群（獨立非執行董事）、馮詠儀（獨立非執行董事）、鄭洪峰（獨立非執行董事）及揭小清（職工董事）。 证券代码：600115 证券简称：中国东航 公告编号：临 2025-068 中国东方航空股份有限公司 董事会 2025 年第 10 次会议决议公告 本公司 ...

內幕消息 海外監管公告 2025 年 9 月運營數據公告 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任 何責任。 （在中華人民共和國註冊成立的股份有限公司） （股份代號：00670） 此海外監管公告是根據香港聯合交易所有限公司證券上市規則（「上市規則」）第13.09條及 第13.10B條及證券及期貨條例（香港法例第571章）第XIVA部項下的內幕消息條文（定義見 上市規則）發出。 中國東方航空股份有限公司（「本公司」）及董事會全體成員保證公告內容真實、準確和完 整，不存在虛假記載、誤導性陳述或者重大遺漏。 一、運營情況 本公司2025年9月客運運力投入（按可用座公里計）同比上升3.63%；旅客周轉量（按客 運人公里計）同比上升8.67%；客座率為87.57%，同比上升4.06個百分點。2025年9月貨 郵周轉量（按貨郵載運噸公里計）同比上升10.95%。2025年9月，國內市場，新開上海 浦東－義烏等航線，加密上海虹橋－廣州、上海虹橋－濟南、上海浦東－哈爾濱 ...

Group 1 - The core point of the article is that China Eastern Airlines will launch a direct flight route connecting Beijing Daxing International Airport and Muscat International Airport in Oman starting from November 30, marking the first direct flight operated by a Chinese airline between the two capitals [1][3] Group 2 - The new route will operate under flight numbers MU2051 and MU2052, utilizing the Airbus A330 wide-body aircraft, with flights scheduled every Wednesday and Sunday [3] - The outbound flight will depart from Beijing at 14:00 local time and arrive in Muscat at 19:55 local time, while the return flight will leave Muscat at 21:55 and arrive back in Beijing at 10:00 the next day [3] - Ticket sales for the Beijing Daxing to Muscat route have already commenced [3]