港股航空股逆势上涨，其中，国泰航空涨4%领衔，中国国航、中国南方航空、中国东方航空均涨超1% 以上。 | 代码 | 名称 | 最新价 涨跌幅 v | | --- | --- | --- | | 00293 | 国泰航空 | 13.350 3.97% | | 00753 | 中国国航 | 7.230 1.40% | | 01055 | 中国南方航空股 | 6.200 1.14% | | 00670 | 中国东方航空股 | 5.940 1.02% | 消息上，交通运输部公布2月16日—2月22日全国物流保通保畅运行数据。其中民航保障航班13.1万班 （其中货运航班2169班，包括国际货运航班2015班，国内货运航班154班）。数据显示，春节假期期 间，初五至初七，海南往返北京、上海的航班每日均超过100架次。特别是三亚机场每日宽体机执飞占 比已经从全年平均的8.5%提高到了30%以上，宽体机占比居全国前列。 华创证券研报指出，观察2026年马年，晚春节+长假期，今年春运呈现两大特征："二次出行+返程集 中"。在国新办1月29日的新闻发布会上，国家发展改革委副主任李春临介绍："今年农历新年时间较 晚，春节假期较长。 ...

Investment Rating - The report maintains a "Recommendation" rating for the aviation industry, expecting the industry index to outperform the benchmark index by more than 5% in the next 3-6 months [47]. Core Insights - The Spring Festival travel season has seen a record high in cross-regional personnel flow, with an estimated total of 5.08 billion trips in the first 20 days, averaging 250 million trips per day, which is a 5.6% increase compared to the same period in 2025 [9][10]. - The aviation sector has shown strong performance in both passenger volume and ticket prices, with a 5.4% year-on-year increase in passenger volume and a 3.3% increase in average ticket prices during the same period [10][11]. - The 2026 Spring Festival is characterized by two main trends: "secondary travel" and "concentrated return trips," driven by a later Spring Festival and longer holiday period [12][13]. Summary by Sections Passenger Volume and Pricing - In the first 20 days of the Spring Festival, the average daily passenger volume for civil aviation reached 2.376 million, a 5.4% increase year-on-year, while the average ticket price was 1003 yuan, up 3.3% year-on-year [10][11]. - The domestic average passenger load factor was 85.1%, reflecting a 1.1% increase year-on-year, indicating strong demand [11]. Market Dynamics - Six listed airlines collectively withdrew 5 aircraft in January 2026, indicating a tightening supply constraint in the industry [26]. - The report highlights that except for Spring Airlines, all other major airlines have shown negative year-on-year growth in capacity deployment, with Spring Airlines leading at 4.5% growth [26]. Demand and Future Outlook - The demand structure in the aviation industry is improving, with a rebound in business travel sentiment since September 2025 [34]. - The introduction of visa-free policies for Canada and the UK starting February 17, 2026, is expected to boost cross-border travel demand [34]. - High passenger load factors are anticipated to lead to increased price elasticity, with the potential for significant price increases in 2026 [35]. Recommendations - The report recommends focusing on major airlines such as Air China, China Southern Airlines, and China Eastern Airlines for potential elasticity release, as well as low-cost carrier Spring Airlines for its core competitive advantages [35].

正值春节假期返程高峰，2月23日，海南离岛机票价格大涨，部分票价逼近万元，今明两天琼州海峡船 票均已售罄。目前，四大航司均已增开航班，春运期间海南航班已加班超2000架次。此外，多部门还协 调启用临时航路，并更换大机型，多措并举全力疏运旅客。 多家在线购票平台显示，由于票量紧张，2月23日（初七），从海南三亚等地飞往北京、上海、深圳等 热门城市的机票价格大幅上涨，部分票价逼近万元。26日以后的票价大幅回落。 ¥7642 ¥8120 推荐¥9075 ¥9553 | 更多出行厅条推荐 | | | | --- | --- | --- | | 飞机中转 临近日期 | 飞机+火车 | | | *9553起 ¥2630起 | ¥6443起 | | | 02-24 周二 8h55m | | | | 23:10 11:55 转 | 少量 ¥9555 | | | 武汉 凤凰国际T1 虹桥T2 | | 公务舱 | | 2) (D) 017 | | 未 | | 推荐排序 直飞优先 时间排序 | | 价格低-高 | | 海口一广州 v | N | | | | 低价提醒 | 重多 | | 今天 明天 后天 周四 | 周 | | | 2 ...

Investment Rating - The report maintains a positive outlook on the shipping industry, particularly focusing on oil transportation and shipbuilding sectors, recommending stocks such as ST Songfa and China Merchants Energy [4]. Core Insights - The report highlights a strong performance in oil shipping, with VLCC TCE rates rising by 24% to $146,385 per day, and a significant increase in demand leading to higher freight rates [4]. - The global energy chain's valuation is on the rise, driven by long-term capacity utilization and mid-cycle profit expectations, suggesting a favorable environment for shipping rates [4]. - The report emphasizes the resilience of the dry bulk market, with the BDI index recording a slight increase of 1.19% to 2,043 points, indicating stable demand despite seasonal fluctuations [5]. Summary by Sections Shipping Market Performance - The shipping index decreased by 1.41%, underperforming the CSI 300 index by 1.77 percentage points, with the aviation sector experiencing the largest decline at -5.16% [5]. - The report notes that the coastal dry bulk freight index in China fell by 1.76%, while the Baltic Dry Index increased by 1.19% [5]. Oil Transportation - VLCC rates reached a new high of approximately $160,000 per day during the Spring Festival, with expectations for continued strength in the coming weeks [4]. - The report indicates that the average VLCC freight rate increased by 23% week-on-week, reaching $149,564 per day, reflecting tight capacity and strong demand [4]. Dry Bulk Market - The report mentions that the Capesize freight rate decreased by 4.1%, while the Panamax index showed resilience with a 3.5% increase [4]. - The report anticipates that post-holiday demand recovery will be crucial for the dry bulk market, particularly in iron ore shipments [4]. Air Transportation - The report suggests that the airline industry is at a turning point, with potential for significant profit growth due to increased passenger volumes and operational efficiencies [4]. - Airlines such as China Eastern Airlines and Spring Airlines are highlighted as key players to watch in this sector [4]. Express Delivery - The report notes uncertainties in the express delivery sector due to fluctuating demand and competitive pressures, but highlights the strong market position of leading companies like ZTO Express and YTO Express [4]. Rail and Road Transportation - Rail freight volumes and highway truck traffic are reported to be resilient, with the Ministry of Transport data showing a slight decrease in freight volume but overall stability [4]. - The report identifies two main investment themes in the highway sector: high dividend yields and potential value recovery in undervalued stocks [4].

中国青年报客户端讯（中青报·中青网记者 林洁）2月21日，广州白云国际机场迎来春运生产新突破，单 日起降航班1676架次、接送旅客27.76万人次、保障货邮4154.14吨，同比去年春运分别增长7.37%、 9.12%、9.1%。 春运期间 的东航柜台井然有序。受访者供图 东航在广东投入的座位数同比增加逾10万个，增幅达8.43%；执行航班8100余班，同比增长约5.11%； 预计运输旅客128万人次，同比增长8.21%。随着东航在广州白云国际机场的国际航班转至T3航站楼运 营，东航也进一步优化了国际国内中转流程。 根据春节热门旅游目的地，东航在广州加密了往返西安、昆明、成都、兰州、太原、南京的航班；在深 圳加密了往返大理、太原、武汉航班，并新增深圳往返哈尔滨的直飞航班；在珠海加密了往返昆明、上 海虹桥的航班。在近年来火爆的潮汕市场，东航新增或加密往返上海、成都、南京、郑州、北京、宁 波、昆明、南昌、兰州等地的航班；在湛江加密往返南京、上海、武汉、南昌、成都的航班；在梅州新 增往返上海浦东的航班。 国际机场亮出"广州欢迎您"。受访者供图 广州白云 自2月2日春运启动以来，广州白云国际机场累计运送旅客527.8 ...

《中国民航报》、中国民航网 记者路泞 通讯员关向贞 报道：今年的春节来得晚，时值初春时节，连日 来的气温回升使机坪上的风有了些许暖意。2月20日大年初四。春节小长假迎来了旅客出行高峰，10时 许，出港早高峰过后，航班以进港居多，东航西北分公司地服部特车驾驶员赵阿伟终于可以稍稍喘口 气。 "过年期间航班多，晚上值通宵也是常事。"赵阿伟一边填写工作交接单一边说。这已经是他春节假期里 值守的第三个班，他那被机坪的阳光晒过的脸庞上看不出一丝疲惫，眼睛里闪烁着亮光。"现在可幸福 多了，吃饭有人送，累了还可以去休息室躺按摩椅，不像当年在工地上吃了上顿没下顿，一下雨就得停 工，工钱都拿不到。"说起现在在东航工作的感受，赵阿伟言语里满是感恩。 12时许，离下一个航班保障任务还有10分钟，赵阿伟下了拖头车匆匆走进北二指廊一线员工餐厅，他打 了一大碗面条，狼吞虎咽地吃起来。"咱老陕就好这一口，一碗面下肚身上有劲干活不累！"东航转场咸 阳机场T5后，机坪更大了，进出港航班密集的时候往往这边出港还没保障完，那边落地的飞机又快滑 到位了，这就需要精力高度集中，随时关注时间和任务，在不违反机坪行车规范的同时要把时间抢回 来。"我的'宝马 ...

新春佳节，万家灯火团圆，当人们围坐桌前、举杯欢庆，东航西北分公司有一群人却选择逆行而上，在 云端、在机坪、在调度台前，用责任与坚守，护航每一段归途。 签派员高雅琪：旅客看不见的守护者 47岁的机组车师傅马高宏老家在甘肃庆阳，距离西安280公里。平日里因工作繁忙，一年中连续在家呆 上三天时间的日子屈指可数。今年腊月二十三，他终于等到一次休5天年假的机会，匆忙赶回老家与妻 子、女儿和年迈的父母团聚。短暂的五天里，妻子变着花样给他做饭，女儿寸步不离地黏着他，父母则 一遍遍叮嘱他在外注意安全。 腊月二十七，是马师傅返程归队的日子。妻子执意送他到庆阳高铁站。进站时，两人恰巧看到一个扎着 羊角辫的小女孩，挣脱妈妈的手，挥动着双手欢快地奔向刚从外地归来的爸爸。"爸爸！爸爸！我在这 里！"小女孩的叫声清脆响亮。当爸爸一把将她抱起，紧紧搂在怀里，脸上堆满幸福的笑容时，这一幕 像一根细针轻轻刺痛了马师傅和妻子的心。两人相视一眼，眼眶瞬间湿润。 妻子赶紧别过头，用袖口悄悄擦了擦眼角。转过身时，脸上已恢复了平静。她从包里拿出一个红色的小 布袋，塞进马师傅手里："这是出入平安挂件，你挂在车里。每次看到就想起家里还等着你回来，一定 要小 ...

东航北京分公司市场销售部总经理蔡颖竹说，旅客通过东航平台可一键购买"飞机+高铁"联程票并选 座，系统将智能匹配最优行程，抵达西站后办理值机与托运，轻松前往大兴机场，提升出行的效率与品 质。 列车向前行进，也载着一程可感的暖意。北京客运段京深车队指导列车长王伟介绍，车上配备针线包、 充电宝、医药箱等便民物品，为旅客提供贴心服务。 这一切井然有序与温馨服务的背后，是环环相扣的安全保障。在列车出发前，承担车辆检修任务的部门 会对客车走行部、制动装置、电气系统等关键部位，进行全面检查与设备整治，确保照明、广播、空调 等设施状态良好，为旅客创造明亮、安静、温度适宜的乘车环境。（经济日报记者 徐蕾洁） 春运期间，在北京西站北二楼大厅，一匹红色生肖马雕塑成为许多旅客合影留念的打卡点，为旅途增添 一抹喜庆。 北京西站新闻发言人崔琳介绍，春运期间，北京西站预计发送旅客515.5万人次，旅客出行目的地主要 集中在郑州、西安、武汉、长沙等热门城市。北京西站增开临客41.5对（其中高铁23.5对），主要为邯 郸、郑州、洛阳龙门等方向。 智慧出行正将高效与便利融入旅程细节中，尤其为年长旅客带来了更友好的出行体验。12306服务台旁 的 ...

Core Viewpoint - Eastern Airlines has integrated the "Four Precision Services" concept into its operations during the Spring Festival, enhancing the travel experience for passengers and creating unique festive memories [1]. Group 1: Thematic Activities - Eastern Airlines launched a series of themed activities on flights departing from Hefei, including special events for the Spring Festival [3]. - On New Year's Eve, the MU5375 flight from Shanghai Hongqiao to Sanya featured a "Golden Horse Celebrating the New Year" theme, inviting passengers to share their New Year wishes related to the "horse" [5]. - Various colorful New Year's Eve themed activities were also held on flights such as MU6161 from Ningbo to Singapore and MU2211 from Xi'an to Harbin [5]. Group 2: Special Gifts and Interactions - On the first day of the New Year, Eastern Airlines provided special cultural creations to unaccompanied minors departing from Shanghai Hongqiao and Pudong airports [6]. - Interactive activities and a festive atmosphere were designed for flights like MU5255 from Qingdao to Guangzhou and MU6909 from Nanchang to Yantai to celebrate the arrival of the Year of the Horse [6]. Group 3: Overall Festive Atmosphere - The festive spirit was present on numerous flights operated by Eastern Airlines and its subsidiaries, including Shanghai Airlines, with greetings and celebrations for travelers during the holiday season [10].

Group 1 - Eastern Airlines created a special "Golden Saddle Celebration, Cloud Journey Together" themed flight for the Year of the Horse on the MU5375 route from Shanghai Hongqiao to Sanya on New Year's Eve [1] - The cabin crew welcomed passengers with smiles and New Year decorations, engaging them with themed banners such as "Golden Saddle Celebration, Cloud Journey Together" and "Success with the Horse, Happy New Year" [2] - The flight included interactive segments where passengers shared their New Year wishes related to the horse theme, receiving horse-themed souvenirs in return [5] Group 2 - A DIY activity called "Cute Horse Handmade Blessings" was popular among young travelers, where crew members guided children in creating personalized horse ornaments [5]