山东分公司机场指挥中心的大屏幕上，航班信息如星河流转。指挥长纪立德像往常一样早早来到大厅， 坐在熟悉的席位前，专注地梳理着每一个航班。这是他在指挥长席位值的最后一个班，明天，他将带着 三十载积淀的智慧与经验，奔赴青岛飞行部开启新的征程。尽管岗位在变，但他那份对蓝天的热爱、对 安全的坚守、对责任的担当，从未改变。有同事问："纪哥，今天是你最后一个班了吧？"他微笑着点点 头："站好最后一班岗，是我的本分。" 时间的脚步悄然迈向上午九点，接班的同事已经陆续到岗。纪立德默默整理着桌面，将值班日志的边角 抚平，理了理缠绕在一起的电话线。这个动作他做过上万次，唯独今天，手在桌面上多停留了几 秒。"纪哥，走吧，去开班后会？"一起值班的班组长在会议室门口叫他。他应了一声，将座椅推回原 （东航山东分公司供图） 位。当被问及此刻的感受，他搓了搓手："说舍得是假的，这些屏幕，这些电话，闭着眼睛都知道在哪 儿。飞行部也是保障航班运行必不可少的一环，换个地方继续干。"他没有说什么豪言壮语，只是把那 份不舍，都藏在了那个回望的眼神里。前方，飞行部的新办公室亮着灯；身后，是他用整个青春守护的 蓝天。这份三十年的坚守，这份站好最后一班岗的职 ...

Investment Rating - The report initiates coverage with a rating of "Buy" for China Eastern Airlines [1][6]. Core Insights - China Eastern Airlines is one of the three major state-owned airlines in China, benefiting from dual core hubs in Beijing and Shanghai. The company is positioned to capitalize on the recovering tourism market, which is expected to drive air travel demand. The report highlights a trend of decreasing growth in the civil aviation fleet size in China, influenced by global supply chain disruptions affecting aircraft manufacturers [1][4][9]. - The average price of aviation kerosene has decreased compared to the previous year, which is anticipated to enhance the company's profitability [4][9]. - The projected revenue for China Eastern Airlines from 2025 to 2027 is estimated at RMB 143.18 billion, RMB 152.11 billion, and RMB 159.50 billion, respectively, with year-on-year growth rates of 8.4%, 6.2%, and 4.9% [6][8]. Summary by Sections Company Overview - China Eastern Airlines, established on June 25, 1988, is a leading state-owned airline in China, with a significant presence in the aviation market. The company operates a modern fleet of 816 aircraft, making it one of the youngest fleets globally [17][23]. - The airline's main business is passenger and cargo transportation, with passenger services accounting for over 90% of total revenue in normal circumstances [24][9]. Financial Performance - In 2024, the total revenue reached RMB 132.12 billion, marking a 16.11% increase year-on-year, and the highest revenue in nearly a decade. The company has shown a recovery trend post-COVID-19, with significant revenue growth in 2023 and 2024 [38][45]. - The net profit attributable to shareholders is projected to be RMB 1.405 billion, RMB 4.528 billion, and RMB 7.055 billion for 2025, 2026, and 2027, respectively [6][8]. Market Dynamics - The Chinese aviation market has seen a 172.8% increase in passenger transport volume over the past 15 years, with a growing trend towards market-based pricing for airfares [53][54]. - The three major airlines (Air China, China Eastern Airlines, and China Southern Airlines) accounted for 62.64% of the total transport turnover in 2024, indicating a consolidated market structure [55][56]. Operational Metrics - In 2024, the available seat kilometers (ASK) were 296.91 billion, reflecting a 21.20% year-on-year increase, while revenue passenger kilometers (RPK) reached 245.89 billion, up 34.89% year-on-year, resulting in a passenger load factor of 82.76% [28][36]. - The cargo segment has shown fluctuations, with available cargo ton kilometers at 9.51 billion and cargo turnover at 3.68 billion in 2024, indicating a recovery in cargo operations [36][40].

记者查询东航App以及铁路12306发现，从杭州到上海，飞机经济舱票价约230元（加上基建燃油费约 290元），高铁二等座（上海虹桥-杭州东）价格在70元-87元不等。运行时间上，沪杭两地间高铁最快 约45分钟，而飞机计划飞行时间为50分钟。 有人认为，无论是时间、价格还有不确定因素，该航线都不会优于高铁。上海市民王女士家住浦东，如 果需要乘飞机出行一般都会选择去浦东机场，当被问到是否会从浦东乘"打飞的"前往杭州时，王女士核 算了下时间成本，认为还是不会考虑坐飞机，"如果考虑到航班值机时间以及价格，总体还是不划算 的。" 但也有部分人认为，这样的航线可以方便国际转机人士，"中转国际航班友好，不然杭州高铁到上海虹 桥再转去浦东机场，带大行李老费劲了，以前留学很讨厌的就是中间这一段。" 从杭州到上海，你会选择"打飞的"吗？近日，"杭州飞上海航班重启"冲上热搜。 11月28日，智通财经（www.thepaper.cn）记者从东方航空获悉，11月15日起，东方航空每天将有一班往 返上海和杭州两地的航班，上海到杭州的航班计划22时20分从上海浦东国际机场起飞，23时10分到达杭 州萧山机场；杭州到上海的航班计划8时从萧 ...

截至6月30日，中国东航股东户数15.51万，较上期减少11.06%；人均流通股0股，较上期增加0.00%。 2025年1月-6月，中国东航实现营业收入668.22亿元，同比增长4.09%；归母净利润-14.31亿元，同比增 长48.30%。 分红方面，中国东航A股上市后累计派现32.96亿元。近三年，累计派现0.00元。 机构持仓方面，截止2025年6月30日，中国东航十大流通股东中，中国证券金融股份有限公司位居第八 大流通股东，持股4.30亿股，持股数量较上期不变。香港中央结算有限公司位居第十大流通股东，持股 3.00亿股，相比上期增加5521.94万股。 资金流向方面，主力资金净流出5095.87万元，特大单买入1971.44万元，占比6.05%，卖出4458.05万 元，占比13.68%；大单买入7652.37万元，占比23.48%，卖出1.03亿元，占比31.48%。 中国东航今年以来股价涨18.50%，近5个交易日跌3.27%，近20日涨17.62%，近60日涨22.16%。 资料显示，中国东方航空股份有限公司位于上海市闵行区虹翔三路36号,香港金钟道95号统一中心19楼D 室，成立日期1995年 ...

会上的信息还显示，着眼出行服务和联运产品，东航正在积极融入长三角一体化发展进程。东航在上海 虹桥站设立了"东航空铁联运换乘服务中心"，助力旅客实现高效中转；同时，推出涵盖空巴联运、空铁 联运、空空联运、空水联运在内的多式联运产品，支持旅客一站购票、便捷出行。后续，东航还将推 出"长三角畅行专区"，提供行李"门到门"、泊车等增值服务，为旅客打造"解放双手、便捷出行"的无感 中转新体验。 活动中，东航的渠道商、旅行社及客户代表积极参与互动交流；阿根廷驻沪领事馆、新西兰旅游局、阿 布扎比文化和旅游部也分别作了专题推介。（编辑：李佳洹 校对：许浩存 审核：程凌） 《中国民航报》、中国民航网 记者钱擘 报道：10月28日，东航举办冬春航季推介会，邀请阿根廷驻上 海领事馆、新西兰旅游局、阿布扎比文化和旅游部，及上海、苏州、南通、嘉兴地区核心渠道商、旅行 社和重要集团客户代表近百人到场交流，共话东航国际航网拓展与服务产品升级能为新航季带来的市场 新机遇。 会上，东航介绍了2025/2026年冬春航季航班计划，重点解读了新开航线、渠道政策及客户产品政策。 在新航季中，东航将陆续开通多条国际航线：11月9日，上海—印度德里航线 ...

Core Points - China Eastern Airlines held a meeting to convey and study the spirit of the Fourth Plenary Session of the 20th Central Committee of the Communist Party of China, emphasizing the importance of the meeting in advancing towards the second centenary goal [2][3] - The meeting highlighted the significance of Xi Jinping's speeches and the resolutions passed during the plenary session, which provide fundamental guidance for the company's future work and strategic direction [2][3] Summary by Sections Meeting Objectives - The meeting aimed to deeply understand and accurately grasp the rich connotations and core essence of the Fourth Plenary Session, focusing on the importance of the "14th Five-Year Plan" period and its strategic priorities [3][4] Key Requirements for Implementation - A call for immediate action to promote the learning and implementation of the plenary session's spirit across all levels of the company, integrating it with the study of Xi Jinping's important discourses on state-owned enterprise reform and development [4] - A scientific approach to planning the "14th Five-Year Plan," ensuring alignment with the tasks outlined in the plenary session's resolutions and refining the overall development strategy for the next five years [4] - A commitment to advancing strict party governance and enhancing the political ecosystem within the company, focusing on reducing bureaucratic burdens and promoting a clean political environment [4] - An emphasis on achieving the annual reform and development goals by integrating the learning of the plenary session's spirit with Xi Jinping's important directives, ensuring the company's role in building a modern industrial system and a new development pattern [4]

东航App截图 票价方面，开通前几天单程票价为230元（不含税），后续会有价格浮动。 记者注意到，东航杭州-上海的航班去年初开了30多天停飞，此次重启的上海往返杭州航班在时间上做了些调整。 记者去年年初就曾体验过这条短途航线，当时早上6点15分计划起飞的航班，记者凌晨3点多就起床准备赶飞机。 飞机起飞后，发了简单的早餐，实际空中飞行时间仅20多分钟，记者面包还没吃完飞机就开始降落了。 哪些人会选择坐这趟航班？ "杭州往返上海航班即将复航，究竟谁会乘坐？" 这两天，关于沪杭航线重启的消息受到不少网友关注。 记者查询东航官方App看到，11月15日起，每天都有一趟上海往返杭州的直飞航班。全程176公里，计划飞行50分钟。 根据计划，MU6375航班22点20分从上海浦东机场起飞，23点10分到达杭州；从杭州出发的航班MU6376早上8点从杭州起飞，8点50分到达浦东机场。 来源：杭州网 徐先生提到，今年6月份从澳大利亚回国的经历。"我当时带着两个行李箱，落地上海浦东后，又坐了一个多小时的机场联络线到上海虹桥，再搭乘高铁回 杭州，太折腾了。"徐先生表示，上海到杭州的航线开通后，可以让"回家路"省心不少。 杭州市民王 ...

Core Points - The direct passenger flights between mainland China and India, which were suspended for nearly five years due to the pandemic, have officially resumed [1] - The first flight carried 176 passengers from Kolkata and landed at Guangzhou Baiyun International Airport after a flight duration of 3 hours and 45 minutes, achieving a 100% occupancy rate for both outbound and return flights [1] - The resumption of direct flights is seen as a significant step in implementing the important consensus reached during the meeting between the leaders of both countries [1] Summary by Sections Flight Operations - Indigo Airlines operated the inaugural flight and plans to launch a new direct route from Delhi to Guangzhou on November 10, with a frequency of one flight per day [1] - China Eastern Airlines will resume its Shanghai-Delhi route starting November 9, operating three times a week on Wednesdays, Saturdays, and Sundays, with tickets already available for sale [1] Diplomatic Context - The resumption of flights is viewed as a positive measure to facilitate friendly exchanges between over 2.8 billion people in China and India [1]

Investment Rating - The investment rating for the transportation industry is "Positive" (maintained) [4] Core Views - The express delivery industry shows resilient demand, with a year-on-year growth of 12.7% in September, indicating a steady expansion of the market [4][25] - The logistics sector is witnessing technological advancements, with JD Logistics planning to procure 3 million robots and 100,000 unmanned vehicles over the next five years, which may enhance supply chain efficiency [5] - The shipping market is expected to benefit from geopolitical factors and trade negotiations, potentially increasing demand for oil transportation and bulk shipping [6][10] - The aviation sector is experiencing growth, with a 10.8% increase in international flight volumes for the upcoming winter-spring season, reflecting a recovery in air travel [10][12] Summary by Sections Express Delivery - In September 2025, the express delivery business volume reached 16.88 billion pieces, a 12.7% year-on-year increase, with revenue of 127.37 billion yuan, up 7.2% [4][25] - Major players like SF Express and JD Logistics are expected to benefit from cyclical recovery and cost control, with significant growth potential [14] Shipping and Ports - The VLCC market may benefit from U.S. sanctions on Russian oil, potentially increasing long-distance shipping demand [6] - The shipping market is expected to see a recovery driven by environmental regulations and geopolitical stability, with recommendations to focus on companies like China Shipping and COSCO [14][15] Aviation - The aviation industry is projected to maintain steady growth, with a 10.3% increase in total transport turnover and a 5.2% rise in passenger transport volume in the first three quarters of 2025 [10] - Airbus has opened a new A320 assembly line in Tianjin, marking a significant milestone in Sino-European cooperation [9] Road and Rail - National logistics operations are running smoothly, with rail freight increasing by 2.33% and highway freight truck traffic rising by 24.72% [13] - Strategic partnerships in the highway sector are being formed to enhance service offerings and operational efficiency [13] Overall Market Performance - From October 20 to October 24, 2025, the transportation sector index increased by 1.12%, underperforming the Shanghai Composite Index, which rose by 2.88% [20][23]

北京商报讯（记者 郭缤璐）10月27日，北京商报记者了解到，星巴克中国与中国东方航空携手推出的"云南咖啡主题航班"顺利首航，这正是星巴克与中国 东航跨界探索"咖啡+航旅"的全新举措。首航航班客舱以"每一杯，有云南"为主题，在行李架、头枕巾等位置，讲述了云南咖啡"从生豆到杯中咖啡"的完整 旅程，首飞航班的旅客获得了专享伴手礼，还一起品尝了由星巴克臻选云南孟连日晒黄波旁品种咖啡豆制作的冷萃咖啡。完成首航之后，云南咖啡主题航班 将在为期一个月的时间内，执飞更多航线。 近年来，星巴克中国持续探索着"咖啡+文旅"的广阔可能性。在云南，星巴克于2021年12月投入捐赠超1700万元资金，在普洱市白沙坡村发起"共享价值 美 丽星村"项目，探索"咖旅融合"的乡村振兴新模式。2024年8月，星巴克又发布了"共享价值 寻豆云南"项目，帮扶普洱市思茅区的10个咖啡种植村庄，聚焦人 才振兴和文化振兴两大主题。此外，星巴克不仅在杭州、南京、苏州等地开出多家非遗文化概念店，也在敦煌、玉龙雪山、九寨沟等知名景区布局了主题门 店。 今年7月，星巴克中国宣布与中国东方航空正式达成全面合作，承诺将依托互补资源优势，重点聚焦云南咖啡共创等领域，探 ...