Group 1 - The core viewpoint is that airline stocks are rising due to positive operational data released by major airlines for September, indicating an increase in passenger capacity, turnover, and load factors year-on-year [1] Group 2 - In September, Southern Airlines reported a 4.43% year-on-year increase in passenger capacity and a 5.25% increase in passenger turnover [1] - China Eastern Airlines saw a 3.63% year-on-year increase in passenger capacity and an 8.67% increase in passenger turnover, with a load factor of 87.57%, up 4.06 percentage points year-on-year [1] - Air China experienced a 5.6% year-on-year increase in passenger turnover and an average load factor of 83.2%, which is up 3.5 percentage points year-on-year [1] Group 3 - Huatai Securities noted that after the summer travel season, the growth rate of airline capacity slightly slowed in September, but load factors remained high, and ticket prices began to show positive year-on-year growth due to recovering business demand [2] - According to data from Flight Manager, domestic ticket prices increased by 3.0% year-on-year from September 1 to October 12 [2] - Looking ahead, the new flight season is expected to continue tightening in terms of flight schedules, indicating signs of improvement in the industry, with the potential for positive ticket price growth to continue into Q4, alongside falling oil prices that may reduce cost pressures for airlines [2]

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]

10月11日起，东方航空国内"空中快线"宽体机Wi-Fi全部免费，实现经济舱全舱位免费。这标志着东航成为国内首家大规模提供免费Wi-Fi服务的航空公 司，打破了国内航司免费Wi-Fi是高端舱位专属的惯例。 此前，东航免费Wi-Fi仅限国内"空中快线"航班的头等舱、公务舱、超级经济舱及指定经济舱舱位。今后，无论乘坐国内"空中快线"宽体机头等舱、公务 舱还是经济舱任一舱位，旅客都可全程免费使用Wi-Fi进行云端办公、购物或娱乐。 2023年，我们惊讶于在万米高空看直播。2024年，飞机上网取消3000米限制，全程上网与Wi-Fi多次卡的变革，将空中Wi-Fi从"轻奢品"变为"日用品"。 2025年，热闹的高空又迎来一大突破：空中Wi-Fi全民免费时代即将到来！ 东航率先实现Wi-Fi大规模免费 东航宽体机Wi-Fi免费覆盖37条"空中快线"，包括上海虹桥—北京首都、上海虹桥—广州、上海虹桥—深圳等商务旅客集中的航班，占东航国内宽体机航 班总数的七成。截至目前，东航已有110架宽体机提供Wi-Fi，此次全量免费开放。 免费Wi-Fi属于基础版服务，支持网页浏览、即时通讯、在线办公及电子邮件处理等基础需求。如果旅客需 ...

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]

2025年9月，公司引进4架客机，包括3架A320系列、1架B787系列客机，退出2架A320系列客机。截至 2025年9月末，公司合计运营820架飞机。 智通财经APP讯，中国东方航空股份(00670)发布公告，公司2025年9月客运运力投入(按可用座公里计) 同比上升3.63%;旅客周转量(按客运人公里计)同比上升8.67%;客座率为87.57%，同比上升4.06个百分 点。2025年9月货邮周转量(按货邮载运吨公里计)同比上升10.95%。2025年9月，国内市场，新开上海浦 东-义乌等航线，加密上海虹桥-广州、上海虹桥-济南、上海浦东-哈尔滨、上海浦东-合肥、北京大兴-长 沙等航线;国际地区市场，新开上海浦东-巴塞罗那、上海浦东-卡萨布兰卡、上海浦东-金边德崇、上海 浦东-塔什干、南昌-中国澳门、昆明-金边德崇等航线，复航上海浦东-温哥华等航线，加密上海浦东-阿 布扎比等航线。 ...

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 ...