新京报讯 据中央纪委国家监委网站消息，经中共中央批准，中央纪委国家监委对中国东方航空集团有 限公司原党组书记、董事长刘绍勇严重违纪违法问题进行了立案审查调查。 刘绍勇严重违反党的政治纪律、组织纪律、廉洁纪律和生活纪律，构成严重职务违法并涉嫌受贿犯罪， 且在党的十八大后不收敛、不收手，性质严重，影响恶劣，应予严肃处理。依据《中国共产党纪律处分 条例》《中华人民共和国监察法》《中华人民共和国公职人员政务处分法》等有关规定，经中央纪委常 委会会议研究并报中共中央批准，决定给予刘绍勇开除党籍处分；按规定取消其享受的待遇；收缴其违 纪违法所得；将其涉嫌犯罪问题移送检察机关依法审查起诉，所涉财物一并移送。 经查，刘绍勇丧失理想信念，背弃初心使命，对抗组织审查，搞迷信活动；违反中央八项规定精神，违 规接受宴请和打高尔夫球活动安排；在职工录用工作中为他人谋取利益并收受财物；廉洁底线失守，违 规收受礼金，利用职权或职务上的影响为亲属从事私募基金等经营活动谋取利益，违规拥有非上市公司 股份；毫无纪法底线，将公权力异化为谋取个人私利的工具，大搞权钱交易，利用职务便利为他人在项 目承揽、航班管理、飞机租赁等方面谋利，并非法收受巨额财 ...

刘绍勇严重违反党的政治纪律、组织纪律、廉洁纪律和生活纪律，构成严重职务违法并涉嫌受贿犯罪， 且在党的十八大后不收敛、不收手，性质严重，影响恶劣，应予严肃处理。依据《中国共产党纪律处分 条例》《中华人民共和国监察法》《中华人民共和国公职人员政务处分法》等有关规定，经中央纪委常 委会会议研究并报中共中央批准，决定给予刘绍勇开除党籍处分；按规定取消其享受的待遇；收缴其违 纪违法所得；将其涉嫌犯罪问题移送检察机关依法审查起诉，所涉财物一并移送。 经查，刘绍勇丧失理想信念，背弃初心使命，对抗组织审查，搞迷信活动；违反中央八项规定精神，违 规接受宴请和打高尔夫球活动安排；在职工录用工作中为他人谋取利益并收受财物；廉洁底线失守，违 规收受礼金，利用职权或职务上的影响为亲属从事私募基金等经营活动谋取利益，违规拥有非上市公司 股份；毫无纪法底线，将公权力异化为谋取个人私利的工具，大搞权钱交易，利用职务便利为他人在项 目承揽、航班管理、飞机租赁等方面谋利，并非法收受巨额财物。 中央纪委国家监委网站讯 经中共中央批准，中央纪委国家监委对中国东方航空集团有限公司原党 组书记、董事长刘绍勇严重违纪违法问题进行了立案审查调查。 ...

(中国东航) 据中国东航（600115）披露，2025年东航全年全球飞行超280万小时，同比增长5.4%；执行航班105.1万 架次，同比增长2.2%；旅客运输量达1.5亿人次，同比增长6.7%。 ...

Core Viewpoint - The article highlights the dedication and professionalism of a pilot, Li Xiangyun, who embodies the spirit of responsibility and safety in the aviation industry, particularly during challenging times such as the COVID-19 pandemic [4][8]. Group 1: Professional Achievements - Li Xiangyun has accumulated 8,762 hours of safe flying, showcasing his extensive experience and commitment to aviation safety [8]. - He has progressed from a second officer to a captain and is now a flight instructor, reflecting his professional growth and expertise in the field [8]. - As a communication instructor, he has developed training materials and software to enhance the communication skills of flight crews, emphasizing the importance of effective communication in aviation safety [5][6]. Group 2: Commitment to Safety - During the peak of the COVID-19 pandemic, Li took on the challenging task of flying international routes while adhering to strict safety protocols, demonstrating his commitment to both passenger safety and his responsibilities as a pilot [4]. - He effectively managed a medical emergency during a flight, ensuring the safety of a passenger while coordinating with the crew and local medical services [4]. - Li's decision-making skills were evident when he successfully navigated complex weather conditions, showcasing his ability to prioritize safety and make informed choices under pressure [5]. Group 3: Continuous Improvement and Education - Li is involved in a key project to build a risk database for airport operations, which aims to enhance safety management and response efficiency within the airline [7]. - He is pursuing a master's degree in engineering management, focusing on pilot fatigue management, which reflects his commitment to integrating academic research with practical aviation safety [7]. - Outside of his professional duties, Li engages in various activities that promote personal growth and resilience, further enhancing his focus and dedication to flying [7].

Group 1 - China Eastern Airlines Wuhan Company launched a New Year's Eve event in collaboration with Douyin, titled "Embark on a Wonderful Journey to 2026," on the MU2527 flight from Wuhan to Sanya on December 31, 2025 [1] - The airline provided exclusive commemorative boarding passes for passengers on this flight and encouraged them to write and share "New Year Wish Cards" during the journey, expressing heartfelt wishes such as "May my family be safe and sound" and "Wishing for a successful graduation" [3] - Passengers on the flight received New Year gift bags featuring popular cultural and creative models from China Eastern Airlines, and the boarding scene was live-streamed online to invite travelers to share their joy of traveling during the New Year and their expectations for 2026 [4]

Group 1 - The core event is the launch of Eastern Airlines' MU5429 flight from Shanghai Hongqiao Airport to Chongqing on January 1, 2026, as part of the "Yujian 2026" New Year theme flight [1] - The flight features a special cultural sharing activity where flight attendants from various ethnic minorities, including Mongolian and Hui, introduce their unique New Year customs and traditions to passengers [3] - Passengers are invited to participate in interactive activities and receive exquisite Eastern Airlines cultural products as part of the celebration [3]

Group 1 - The core viewpoint of the article highlights that China Eastern Airlines (600115) achieved significant operational growth in 2025, with global flight hours exceeding 2.8 million, marking a year-on-year increase of 5.4% [1] - The airline executed 1.051 million flights in 2025, which represents a 2.2% increase compared to the previous year [1] - Passenger transportation volume reached 150 million, reflecting a year-on-year growth of 6.7% [1]

Core Viewpoint - The three major Chinese airlines, China Eastern Airlines, China Southern Airlines, and Air China, announced a new fuel surcharge standard for domestic flights effective from January 5, 2026, with specific rates for different flight distances and exemptions for certain passenger categories [1][4][6]. Group 1: Fuel Surcharge Standards - For domestic flights under 800 kilometers, the fuel surcharge will be set at RMB 10 per passenger, while for flights over 800 kilometers, the surcharge will be RMB 20 per passenger [1][4][6]. - Infants traveling on adult tickets will be exempt from the fuel surcharge, while children, disabled veterans, and police officers injured in the line of duty will have reduced rates, with no charge for flights under 800 kilometers and RMB 10 for flights over 800 kilometers [1][4][6]. Group 2: Ticket Change Policy - Tickets sold before January 5, 2026, will not have the fuel surcharge refunded or adjusted if changes are made after this date [2][4].

Summary of Key Points from Conference Call Industry Overview - The focus is on the aviation sector, particularly in the context of the appreciation of the Renminbi (RMB) and its impact on various industries including airports and light industry paper manufacturing [1][3]. Core Insights and Arguments - The appreciation of the RMB is expected to enhance the financial performance of sectors like aviation and light industry paper due to improved cost and debt structures [1][3]. - Historical data indicates that different sectors lead the market during phases of rapid RMB appreciation, with core assets leading in 2017, new energy and military industries in 2020-2021, and economic recovery valuation logic in late 2022 to early 2023 [1][6]. - The current phase of RMB appreciation differs from previous ones, with reduced foreign capital influence and increased domestic pricing power, shifting market focus towards technological transformation rather than mere economic recovery [1][7]. - The aviation sector is highlighted as a key beneficiary, with significant cost components (over 60%) being dollar-denominated, meaning even slight RMB appreciation can lead to substantial profit increases [3][9]. Investment Opportunities - Short-term investment opportunities are identified in the aviation and light industry paper sectors, particularly as companies prepare to release annual reports [1][8]. - The second tier of investment opportunities includes foreign-invested blue-chip stocks such as electric equipment, electronics, and food and beverage sectors, which have shown resilience during past RMB appreciation phases [5]. - The third tier includes large financial and real estate sectors, which have a high proportion of RMB-denominated assets, benefiting from balance sheet improvements during RMB appreciation [5]. Additional Important Insights - The global aircraft manufacturing industry is facing supply chain bottlenecks due to de-globalization, affecting the availability of materials and components [11]. - The performance of Chinese airlines has significantly outpaced the Shanghai and Shenzhen 300 index, driven by increased international route demand and favorable pricing dynamics [12]. - Airlines like China Southern, China Eastern, Air China, and budget carriers such as Spring Airlines are identified as high-elasticity investment opportunities due to their potential recovery from historical lows [3][12]. - The upcoming delivery of new aircraft orders (e.g., Spring Airlines and Juneyao Airlines) is expected to support fleet updates and future growth [10].

Core Viewpoint - China Eastern Airlines has announced a reduction in the fuel surcharge for domestic passenger transport starting from January 5, 2026, which will affect ticket sales from that date onward [1] Group 1: Fuel Surcharge Adjustment - The new fuel surcharge for domestic routes will be set at RMB 10 for segments of 800 kilometers or less, and RMB 20 for segments exceeding 800 kilometers [1] - Infants traveling on adult tickets at 10% of the standard fare will be exempt from the fuel surcharge [1] - Children (including unaccompanied minors), disabled veterans, and police officers injured in the line of duty will have a reduced surcharge of RMB 10 for segments over 800 kilometers, while those traveling 800 kilometers or less will be exempt [1]