FF301 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00670 | 說明 | | 中國東方航空股份有限公司H股 | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 5,176,777,777 | RMB | | 1 RMB | | 5,176,777,777 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 5,176,777,777 | RMB | | 1 RMB | | 5,176,777,777 | | 2. 股份分類 | 普通股 | 股份類別 | A | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 600115 | ...

Core Insights - The National Day and Mid-Autumn Festival holiday has significantly boosted travel demand, with airlines and airports reporting record-high passenger numbers and flight operations during this period [1][2][3][4] Airline Performance - Eastern Airlines executed over 15,400 flights and transported more than 2.278 million passengers from October 1 to 5, achieving a daily average of over 3,000 flights, a 3.9% year-on-year increase, and a daily average of 456,000 passengers, a 6.2% increase [1] - Southern Airlines planned to add over 2,700 flights during the holiday period, with a total of 48,000 flights scheduled, focusing on popular routes from Guangzhou and Shenzhen to regions like Xinjiang and Yunnan [2] - Spring Airlines anticipated a daily flight volume of nearly 600 during the holiday, with a projected year-on-year growth of over 13%, driven by increased domestic and international travel demand [2] Airport Statistics - Baiyun Airport reported approximately 7,808 flights and 1.2094 million passengers from October 1 to 5, with a daily average of 1,562 flights and 245,400 passengers, reflecting year-on-year growth of 4.04% and 3.96% respectively [3] - Xiamen Airport experienced a daily passenger volume exceeding 90,000 for five consecutive days, with an average of 92,000 passengers, marking a 3% year-on-year increase, and international passenger growth of 14.2% [3] - Shanghai Airports (Pudong and Hongqiao) expected a total of 19,000 flights and 3.141 million passengers from October 1 to 8, with a daily average of 2,366 flights and 393,000 passengers, reflecting a 2.5% and 5.6% year-on-year increase respectively [4]

Core Viewpoint - The aviation sector is experiencing a collective decline in stock prices, attributed to ongoing cost pressures, increased competition, and weak pricing power, leading to profit constraints [1] Group 1: Stock Performance - Southern Airlines (01055) fell by 4.53%, trading at 3.79 HKD - Eastern Airlines (00670) decreased by 3.5%, trading at 3.03 HKD - Air China (00753) dropped by 2.68%, trading at 5.45 HKD - Meilan Airport (00357) declined by 1.42%, trading at 10.43 HKD [1] Group 2: Market Influences - OPEC+ agreed to increase oil production by 137,000 barrels per day in November, which is lower than expected, contributing to a recovery in oil prices [1] - Morgan Stanley reported that the aviation sector has underperformed the market this year due to cost pressures and competitive dynamics [1] Group 3: Future Outlook - The sustainability of the recent rebound in aviation stock prices remains uncertain as the industry is approaching its off-peak season [1] - The impact of anti-competitive measures and related regulations is limited, and current initiatives are unlikely to materially improve pricing levels [1] - The forecast for prices is expected to remain flat from 2025 to 2027 [1]

Core Viewpoint - China Eastern Airlines (CEA) has launched a series of Mid-Autumn Festival themed activities on various flights and in airport lounges, enhancing the travel experience for both domestic and international passengers with a focus on cultural engagement and festive spirit [1][5][9]. Group 1: In-Flight Activities - On the MU5069 flight from Shanghai to Jakarta, CEA organized a "Cloud Appreciation Moon Viewing" event, featuring traditional decorations and encouraging passengers to enjoy the moonlight from the aircraft [1][3]. - The MU5145 flight from Taiyuan to Kunming showcased Shanxi's intangible cultural heritage by serving local hollow mooncakes and engaging passengers in poetry recitation and lantern-making activities [3][4]. - On the MU5801 flight from Kunming to Shanghai, CEA introduced interactive activities such as "Mid-Autumn Poetry Recitation" and served creative drinks and snacks inspired by Yunnan's culture [6][7]. Group 2: Airport Lounge Activities - CEA's lounges at Shanghai Hongqiao and Pudong airports offered a variety of seasonal delicacies, including salted duck and various mooncakes, to celebrate the Mid-Autumn Festival [9]. - The lounge at Hangzhou Airport created special drinks like "Moonlight Osmanthus" and "Green Wild Fairy" matcha latte for passengers [9]. - In Ningbo, CEA hosted a "Mid-Autumn Meets National Day" event, inviting travelers to write their festival wishes on greeting cards and participate in a lucky draw [9].

接到消息后，东航江西分公司立即上下行动起来，为孩子的救治行程全力保障。15时15分，旅客抵达机 场，地服人员全程陪同、协助办理手续；运行指挥中心同步启动应急机制，一边申请航班豁免、确保航 程顺畅，并沟通到港上海后的落地转运，一边实时上报进展。 航班在东航全力保障下，提前到达虹桥，并及时开展后续转运（东航江西分公司供图） 在多方协作下，旅客顺利登机，登机前，家属再三致谢东航人的热心。航班起飞后的航程中，机组成员 密切关注孩子状况；18时02分，航班提前18分钟落地虹桥，及时为断指的孩子完成转运，为后续手术抢 出关键时间。（编辑：陈虹莹 校对：李佳洹 审核：韩磊） 《中国民航报》、中国民航网 记者钱擘 通讯员 欧阳柳柳 报道：10月1日，当千家万户沉浸在节日欢乐 之中时，东航江西分公司上演了一场与时间赛跑的紧急救援，用敬业与速度诠释责任担当。 当天14时30分，东航江西分公司地服部接机场公安协助请求：一位1岁5个月大的男童，因意外导致右手 四指被绞肉机切断，由于南昌的医院不具备接指条件，需紧急前往上海市第六人民医院救治，家属已购 东航MU5560航班（南昌16:50—虹桥18:20）。 ...

Core Viewpoint - The aviation sector in Hong Kong and mainland China has underperformed the market this year due to cost pressures, intensified competition, and weak pricing power, leading to profit constraints. Recent stock price rebounds are attributed to strong travel demand expectations for the October Golden Week and price stabilization, but the sustainability of this momentum remains uncertain as the industry approaches the off-peak season [1] Industry Summary - The aviation sector is facing challenges from cost pressures and competition, which have negatively impacted profitability [1] - Regulatory measures aimed at reducing competition have had limited effects on improving pricing levels [1] - The forecast for ticket prices remains flat from 2025 to 2027, reflecting weak economic conditions and the continued impact of high-speed rail on demand [1] Company Summary - Morgan Stanley favors Spring Airlines (601021.SH) and China Eastern Airlines (00670)(600115.SH) as the top picks, followed by Cathay Pacific (00293) and Air China (00753)(601111.SH), while China Southern Airlines (01055)(600029.SH) is viewed less favorably [1] - Cathay Pacific's rating has been upgraded to "Neutral," with a target price increase from HKD 8.2 to HKD 9.1 due to an attractive dividend yield exceeding 6% [1] - China Eastern Airlines has seen its A-share rating upgraded to "Buy," with a target price raised from RMB 4.1 to RMB 5, as the company focuses on passenger services after divesting its cargo business [1] - Spring Airlines maintains a "Buy" rating, with a target price increase from RMB 63 to RMB 65, benefiting from the strong recovery in domestic tourism [1]

航旅纵横APP显示，航班MU2701计划于10月2日7时25分于无锡硕放机场起飞，计划到达青岛胶东机场 时间为8时40分。 无锡硕放机场客服人员告诉南都记者，该航班因"公司原因"返航，实际起飞时间为12时6分，实际落地 青岛时间为13时5分。客服人员称，已留意到网上关于该航班受"鸟击"影响的情况，但机场方面无法了 解到现场情况，建议向航空公司咨询。 东航客服人员则向南都记者表示，该航班返航无锡硕放机场后，仍原机重新起飞，并于13时5分落地青 岛胶东机场。南都记者询问原因是否为"鸟击"时，客服人员称具体原因尚不清楚，但确认该航班返航无 锡机场，经过维修后再次起飞。客服人员表示，对于此次延误，乘客可申请赔偿。 （文章来源：南方都市报） 10月2日，有网友称，东航一趟从无锡飞往青岛的航班因故返航，在空中盘旋数圈后落地。南都N视频 记者致电咨询无锡硕放机场，接线人员表示确有此事，返航原因为"公司原因"。东航客服人员称由于航 班出现延误，乘客可申请赔偿。 航旅纵横App显示该航班盘旋数圈后返航。 ...

Group 1 - Eastern Airlines decorated check-in areas and lounges at major airports with vibrant "Chinese red" to create a festive atmosphere for travelers during the National Day holiday [1] - The airline incorporated joyful holiday music and heartfelt greetings from ground service staff, enhancing the travel experience with a focus on meticulous service [1] - Special themed service activities were organized at various airports, including interactive events and festive decorations, to convey a sense of national pride and warmth to passengers [6][12][16] Group 2 - At Daxing Airport, Eastern Airlines set up a "National Day themed check-in point" that attracted many travelers for photo opportunities with family and friends [6] - The airline's lounges featured unique holiday-themed food and drinks, creating an immersive festive resting space for passengers [22][26][38] - Special surprises were prepared for passengers celebrating their birthdays on National Day, adding a personal touch to the travel experience [30][34]

在中国东航，有一群人拥有一个共同的名字——"国庆"。 长大后，吴国庆在多地打拼。那些年，他每天清晨赶到工地与客户沟通，深夜还在测量房屋结构、设计 方案，节假日无法与家人团聚是常态。"爷爷说'国庆的孩子要担当'，这句话我一直记着。" 真正让他飞向蓝天、转行成为一名东航乘务员，是兄嫂的民航故事激励了他。"哥哥嫂子都是民航人， 他们常说，看着旅客平安落地时的笑容，比什么都值。" 今年，吴国庆终于穿上乘务员制服，成为东航大家庭中的一员，还将第一次在航班上度过自己的生 日。"当万千家庭团聚之时，我和同事们坚守岗位，服务好每一位旅客的团圆之路。这种坚守，何尝不 是一种对爷爷那代人精神的传承呢？"吴国庆说。 乘务员吴国庆 这个国庆，吴国庆想对远方的父母说："别担心，我在蓝天上和同事们一起守护着大家的归途。" 这个带着时代温度与记忆的名字，是父母发自肺腑的祝福期许，是刻在生命里的家国烙印，更成为他们 扎根民航岗位、守护蓝天梦想的初心坐标。 他们名字相同、年龄各异，岗位经历不同、使命初心却一致。这个国庆节，东航的这群"国庆们"正以平 凡的坚守，为自己，更为共和国庆生。 乘务员吴国庆：爷爷说"国庆的孩子要担当" "国庆，你要记得 ...

《中国民航报》、中国民航网 记者钱擘 报道：今年中秋、国庆双节叠加，长达8天的"超级黄金周"于10 月1日正式拉开帷幕，中国东方航空于10月1日前后迎来首个出行高峰。 东航预计，长假返程高峰将出现在10月7日、8日前后，其也已做好相应准备，全力保障旅客顺畅出行。 （编辑：李季威 校对：李海燕 审核：韩磊） 长假首日，东航单日计划执行航班超3200班，计划承运旅客超46万人次。其中国际航线450班，承运旅 客7万人次，出港的国际航班客座率超过90%。 东航保障节日旅客出行 ( 东航供图） 当天在上海虹桥机场，东航保障进出港航班近400架次，服务旅客超6万人；在浦东机场单日进出港航班 量超650架次，进出港人数超11万人。从上海出发前往北京、太原、厦门、哈尔滨、桂林、乌鲁木齐、 敦煌等地的国内航线，以及前往日韩、东南亚、澳大利亚和米兰、巴黎、莫斯科、伦敦等欧洲航点的国 际航线较为火热。 面对客流高峰，东航提前优化出行保障流程，在各地机场增开值机柜台、加强现场人手，强化保障力 量。结合节假日出行特点，东航重点关注家庭旅客的乘机需求和儿童旅客服务，在值机、选座、登机等 各环节重点关注上述旅客的出行需求，及时提供指引和 ...