消息面上，据中国民航报，2026年元旦3天连休，激发了文旅消费市场的巨大潜力，民航出行需求呈显 著增长态势。航旅纵横数据显示，截至12月17日，元旦假期国内航线机票预订量超176万张，同比增长 约46%；出入境航线机票预订量超62万张，同比增长约18%。国泰海通证券认为，旺季表现将是行业重 要催化剂，持续基本面正反馈有望催化市场对航空长逻辑演绎的乐观预期。2026年元旦假期前后拼假效 应显著，长假将保障航空出游旺盛，预计量价同比将有显著上升。 （原标题：港股异动 | 三大航集体走高 元旦假期航空出游旺盛 油汇改善有利航司释放业绩） 智通财经APP获悉，三大航集体走高，截至发稿，中国国航(00753)涨3.65%，报7.09港元；东方航空 (00670)涨3.35%，报5.25港元；南方航空(01055)涨3.23%，报5.76港元。 值得一提的是，12月30日，人民币继续了此前的升值态势，在离岸市场12月25日升破"7"后，人民币对 美元即期汇率走强并升破"7"关口，这是2024年10月以来首次升破这一整数关口。国信证券认为，2026 年我国航空票价有望实现企稳回升，此外油价下行以及人民币升值均有利于航司释放 ...

消息面上，据中国民航报，2026年元旦3天连休，激发了文旅消费市场的巨大潜力，民航出行需求呈显 著增长态势。航旅纵横数据显示，截至12月17日，元旦假期国内航线机票预订量超176万张，同比增长 约46%；出入境航线机票预订量超62万张，同比增长约18%。国泰海通证券认为，旺季表现将是行业重 要催化剂，持续基本面正反馈有望催化市场对航空长逻辑演绎的乐观预期。2026年元旦假期前后拼假效 应显著，长假将保障航空出游旺盛，预计量价同比将有显著上升。 三大航集体走高，截至发稿，中国国航（601111）(00753)涨3.65%，报7.09港元；东方航空(00670)涨 3.35%，报5.25港元；南方航空（600029）(01055)涨3.23%，报5.76港元。 值得一提的是，12月30日，人民币继续了此前的升值态势，在离岸市场12月25日升破"7"后，人民币对 美元即期汇率走强并升破"7"关口，这是2024年10月以来首次升破这一整数关口。国信证券认为，2026 年我国航空票价有望实现企稳回升，此外油价下行以及人民币升值均有利于航司释放业绩，因此该行认 为未来国内经济回暖后航空业绩具有较大的弹性空间。 ...

Investment Rating - The report assigns an "Overweight" rating for the aviation industry [6]. Core Insights - The Chinese civil aviation industry is expected to continue its recovery in supply and demand in 2025, with a forecasted industry-wide turnaround from losses to profitability [3][6]. - Demand is projected to grow steadily, with an estimated 5-6% increase in passenger traffic in 2025, including a 4% rise in domestic routes and over 20% in international routes [6][10]. - The supply side is entering a low growth phase, with a projected 3.7% increase in the fleet size of seven A-share airlines by November 2025 compared to the end of 2024 [6][19]. - The passenger load factor is expected to reach a historical high of 85%, an increase of 1.8 percentage points year-on-year [6][22]. - Ticket prices remain at historically low levels, with domestic ticket prices estimated to decrease by 2-3% year-on-year in 2025 [6][25]. - The industry is anticipated to significantly reduce losses and turn profitable in 2025, with quarterly performance showing improvements in profitability [6]. Summary by Sections Demand and Supply - Passenger traffic is expected to grow by 5-6% in 2025, with domestic routes increasing by 4% and international routes by over 20% [6][10]. - The industry is entering a low growth phase, with a projected 6% increase in available seat kilometers (ASK) [6][19]. Load Factor and Pricing - The passenger load factor is projected to increase by 1.8 percentage points to 85% [6][22]. - Domestic ticket prices are estimated to decrease by 2-3% year-on-year, while international ticket prices may see significant increases in the latter half of the year due to strong inbound demand [6][25]. Profitability Outlook - The industry is expected to turn profitable in 2025, with significant reductions in losses anticipated throughout the year [6]. - Quarterly performance indicates that the first quarter may see limited profit improvement due to high base effects, while the second quarter is expected to show substantial recovery [6].

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 来源：民航故事汇 在深航和山航发年终奖之后，详见：深航、山航发年终奖了 国航也发了，整体和2024年差不多。 2024年国航的年终奖是这样发的： 飞行700小时左右的飞行员5万左右 商委非一线员工1.8万左右 地服差不多1到1.5万左右，主要看工资档和绩效档 厦航也发了，比去年发的多。 有个小伙伴说多了几千块，据说后面还有。 2024年厦航的年终奖是这样发的： 空乘：乘务员1.2万左右，乘务长2万左右 南航应该明天发，去年是3A奖，今年是五好奖，换个名义，钱差不多。 机务：航线技师中位数3万左右 羡慕央企国企，希望民营航司也争口气。赚钱的多发点，让员工过个好节！ 地面岗应该1万至3万不等，副驾也差不多这个数 往期文章回顾： 旗下的航司也发了，应该会少一点 国货航，第四个领导被查！ 旗下北方子航司职能部门员工1万出头，中级专员1万5左右 刚刚，东航发"年终奖" 山航，客服的问题？ 这个"机长"，求鉴定！ 东航，增加员工福利 海航旗下这家航司，退出历史？ 深圳机场，叶滨、陈智文．．．． 这．．．也能投诉国航空姐？ 长龙航空，愿赔100元 责 ...

Group 1 - The article highlights a situation where a passenger's flight from Wuxi to Urumqi was canceled due to severe weather conditions, specifically freezing fog in Urumqi, leading to urgent travel needs for the passenger [1][3] - Eastern Airlines' Shanxi branch demonstrated quick response capabilities by assessing flight network arrangements and coordinating a customized transfer plan via Shanghai for the affected passenger, ensuring a smooth connection [3] - The emergency response involved not only the passenger but also over ten other travelers affected by the flight cancellation, showcasing the airline's ability to manage multiple travel needs effectively [3] Group 2 - The ground service team of Eastern Airlines in Shanxi activated an emergency response plan promptly, addressing various travel demands and ensuring all affected passengers were rebooked efficiently [3] - The airline provided accommodations and meals for passengers who chose to reschedule their flights for the next day, ensuring their basic needs were met during the delay [3] - This incident exemplified Eastern Airlines' commitment to high-quality service and rapid response in emergencies, reflecting the core values of their "Four Precision Services" philosophy [3]

Core Viewpoint - The Eastern Airlines Northwest Security Management Department has successfully integrated party leadership into air security management, achieving "zero accidents, zero complaints, and zero errors" as a testament to their commitment to safety and operational excellence [1][7]. Group 1: Management Innovations - Since 2017, the department has pioneered a grid management model, optimizing it in early 2025 to create a three-tiered management system that enhances team cohesion and operational effectiveness [3][8]. - The selection of politically reliable and skilled party members as grid leaders has allowed for deeper integration of party work with business operations, significantly improving team morale and performance [3][4]. Group 2: Training and Development - The implementation of a "business assistance pairing" system has transformed training for new employees, resulting in zero errors in handling security incidents and a 50% reduction in non-compliance rates during duty checks [4][6]. - Customized training plans have led to a physical fitness assessment pass rate exceeding 97%, fostering a culture of mutual support and teamwork among employees [6][8]. Group 3: Safety and Performance Metrics - The department has conducted 12 safety training sessions and reviewed three case studies, leading to a continuous improvement in team morale and operational safety [8]. - The integration of party work with business operations has resulted in a disciplined and skilled workforce, with a consistent record of zero safety breaches and increasing customer satisfaction [8].

Group 1 - The core point of the article is that Eastern Airlines will expand its free WiFi service to all domestic flights operated by wide-body aircraft starting from January 1, 2026 [1] - Previously, the free WiFi service was limited to the Air Express service, but the expansion will now include all domestic flights (excluding Hong Kong, Macau, and Taiwan) [1] - First-class and business-class passengers will enjoy free high-speed WiFi, while economy class passengers will have access to a standard version of the WiFi service [1]

据东航介绍，此次经济舱旅客免费使用的标准版（焕新）空中WiFi，可满足旅客微信图文聊天、朋友 圈秀图、网页文本浏览、股市动态查询及工作邮件收发等基础用网需求；若旅客有语音通话、视频会 议、在线音视频、购物休闲以及游戏互动等更高带宽需求，可付费升级套餐。 2026年元 智通财经资深记者 邹桥 12月29日，中国东方航空集团发布公告称，2026年1月1日起，东航所有宽体机执飞的国内航班（不含港 澳台）头等舱和公务舱旅客可免费畅享高速版空中WiFi，经济舱旅客可免费畅享标准版（焕新）空中 WiFi。此前，东航免费WiFi服务只覆盖空中快线，现在扩大到所有宽体机执飞的国内航班。 旦起，东航国内宽体机航班WiFi均可免费畅享。东航供图 ...

Group 1 - The core viewpoint of the news highlights the recent trading performance of China Eastern Airlines, indicating a decline in stock price and net financing outflow on December 26, with a trading volume of 605 million yuan and a financing net buy of -10.41 million yuan [1] - As of December 26, the total margin balance for China Eastern Airlines is 327 million yuan, with a financing balance of 323 million yuan, accounting for 0.34% of the circulating market value, which is below the 10th percentile level over the past year [1] - The company experienced a high level of short selling, with a short selling balance of 3.93 million yuan, exceeding the 80th percentile level over the past year [1] Group 2 - China Eastern Airlines, established on April 14, 1995, and listed on November 5, 1997, primarily engages in passenger, cargo, and mail transportation services, with passenger service revenue constituting 92.50% of total revenue [2] - For the period from January to September 2025, China Eastern Airlines reported operating revenue of 106.41 billion yuan, reflecting a year-on-year growth of 3.73%, and a net profit attributable to shareholders of 2.10 billion yuan, showing a significant increase of 1623.91% [2] - The company has cumulatively distributed dividends of 3.30 billion yuan since its A-share listing, with no dividends paid in the last three years [3]

Core Viewpoint - China Eastern Airlines will offer free high-speed Wi-Fi for first-class and business-class passengers on all domestic flights operated by wide-body aircraft starting January 1, 2026, while economy class passengers will have access to a standard version of Wi-Fi [1] Group 1 - The free Wi-Fi service is an expansion from previously being limited to the Air Express service [1] - The new policy applies to all domestic flights (excluding Hong Kong, Macau, and Taiwan) operated by wide-body aircraft [1]