北京商报讯（记者 关子辰 牛清妍）9月15日，中国东航发布的月度运营数据显示，8月客运运力投入 （按可用座公里计）同比上升6.76%；旅客周转量（按客运人公里计）同比上升8.72%；客座率为 88.34%，同比上升1.59个百分点。 ...

Core Viewpoint - China Eastern Airlines is set to launch a new route connecting Shanghai Pudong to Auckland and Buenos Aires on December 4, 2025, significantly shortening travel time between China and South America by over four hours, establishing the world's first commercial route between antipodal cities [1][2]. Group 1: Route Details - The inaugural flight will utilize the Boeing 777-300ER aircraft, with flight numbers MU745 and MU746 [2]. - The new route will reduce the travel time from nearly 30 hours to 25 hours by utilizing a southern transit through New Zealand, compared to traditional northern routes via Europe or North America [2]. - The New Zealand government will simplify transit procedures for Chinese passport holders starting November 2025, allowing them to transit through Auckland without a visa for stays under 24 hours, requiring only a NZ eTA [2]. Group 2: Strategic Importance - The Shanghai-Auckland-Buenos Aires route is viewed as a significant step in establishing a new "air silk road" between the Asia-Pacific and South America [3]. - China Eastern Airlines has secured the fifth freedom rights for this route, enabling the airline to pick up and drop off passengers and cargo in Auckland, enhancing trade and travel between the three countries [4].

Core Viewpoint - China Eastern Airlines is set to launch a new route connecting Shanghai Pudong to Auckland and Buenos Aires on December 4, 2025, which will significantly shorten travel time between China and South America by over four hours, establishing the world's first commercial flight route between antipodal cities [1][3]. Group 1: Route Details - The new route will cover approximately 20,000 kilometers and is expected to reduce the travel time from nearly 30 hours to 25 hours [3]. - The flights will be operated using Boeing 777-300ER aircraft, with flight numbers MU745 and MU746 for round trips [3]. Group 2: Advantages of the New Route - The new "southern route" via Auckland offers several advantages over traditional connections through Europe or North America, including shorter travel time, fewer layover hassles, and a more convenient transit experience due to the New Zealand government's new transit policy [3][4]. - From November 2025, Chinese passport holders will be able to transit through Auckland without needing a separate transit visa, simplifying the process significantly [3]. Group 3: Strategic Importance - This route is part of a broader initiative to create a new "air silk road" between the Asia-Pacific region and South America, enhancing economic and cultural exchanges among the three countries involved [4]. - China Eastern Airlines has secured fifth freedom rights for this route, allowing it to pick up and drop off passengers and cargo in Auckland, which will facilitate trade and travel between the regions [4].

Core Insights - China Eastern Airlines announced a 6.76% year-on-year increase in passenger capacity for August 2025, measured in available seat kilometers [1] - The passenger turnover for August 2025 rose by 8.72% year-on-year, measured in revenue passenger kilometers [1] - The passenger load factor reached 88.34%, an increase of 1.59 percentage points year-on-year [1] - Cargo and mail turnover increased by 16.39% year-on-year, measured in cargo and mail ton kilometers for August 2025 [1] Domestic Market Developments - New domestic routes launched include Ordos-Yangzhou, Hefei-Lvliang, Wenzhou-Beihai, and Wuhan-Tangshan [1] - Resumed flights on routes such as Ningbo-Nanchang and Beijing Daxing-Yueyang [1] - Increased frequency on routes including Shanghai Hongqiao-Xining, Shanghai Hongqiao-Changsha, Shanghai Pudong-Changsha, Shanghai Pudong-Yibin, and Beijing Daxing-Ulanhot [1] International Market Developments - Resumed flights on the Nanchang-Singapore route [1] - Increased frequency on the Guangzhou-Bangkok route [1]

Core Viewpoint - China Eastern Airlines reported an increase in passenger capacity and turnover for August 2025, indicating growth in both domestic and international markets [1] Group 1: Passenger Metrics - The passenger capacity input (measured in available seat kilometers) for August 2025 increased by 6.76% year-on-year [1] - The passenger turnover (measured in revenue passenger kilometers) rose by 8.72% year-on-year [1] - The passenger load factor reached 88.34%, up by 1.59 percentage points year-on-year [1] Group 2: Cargo Metrics - The cargo and mail turnover (measured in cargo mail ton kilometers) saw a year-on-year increase of 16.39% in August 2025 [1] Group 3: Route Expansion - In August 2025, the company launched new domestic routes including Ordos-Yangzhou, Hefei-Lvliang, Wenzhou-Beihai, and Wuhan-Tangshan, and resumed flights on routes such as Ningbo-Nanchang and Beijing Daxing-Yueyang [1] - The company also resumed international flights, including Nanchang-Singapore, and increased frequency on the Guangzhou-Bangkok route [1] Group 4: Fleet Expansion - The company introduced 4 new aircraft in August 2025, comprising 1 B787 series, 1 B737 series, 1 A320 series, and 1 C909 aircraft [1] - As of the end of August 2025, the total operational fleet consisted of 818 aircraft [1]

Core Viewpoint - China Eastern Airlines has reported significant growth in passenger capacity and cargo turnover for August 2025, indicating a positive trend in operational performance and market expansion [1] Passenger Operations - The passenger capacity input (measured in available seat kilometers) for August 2025 increased by 6.76% year-on-year [1] - The passenger turnover (measured in revenue passenger kilometers) rose by 8.72% year-on-year [1] - The passenger load factor reached 88.34%, an increase of 1.59 percentage points year-on-year [1] Cargo Operations - The cargo and mail turnover (measured in cargo mail ton kilometers) saw a year-on-year increase of 16.39% in August 2025 [1] Route Expansion - In August 2025, the company launched new domestic routes including Ordos-Yangzhou, Hefei-Lvliang, Wenzhou-Beihai, and Wuhan-Tangshan, while resuming flights on routes such as Ningbo-Nanchang and Beijing Daxing-Yueyang [1] - The company also increased the frequency of flights on several routes from Shanghai and Beijing [1] - Internationally, the company resumed the Nanchang-Singapore route and increased flights on the Guangzhou-Bangkok route [1] Fleet Expansion - In August 2025, the company introduced four new aircraft, including one B787 series, one B737 series, one A320 series, and one C909 aircraft [1] - As of the end of August 2025, the total operational fleet comprised 818 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） 內幕消息 海外監管公告 2025 年 8 月運營數據公告 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 3 | | 2025年8月 | 2024年8月 | | 2025年8月 | 2024年8月 | | | --- | --- | --- | --- | --- | --- | --- | | | 月度完成數 | 月度完成數 | 同比增長 | 累計完成數 | 累計完成數 | 同比增長 | | 貨郵載運量（公斤）（百萬） | 98.00 | 86 ...

Group 1: Industry Overview - The domestic aviation industry in mainland China showed a strong rebound in the second quarter, but the performance during the summer holiday was not as ideal due to weak business travel demand [1] - International ticket prices have significantly dropped mainly due to oversupply on the China-Japan routes, as airlines overestimated demand during the Japan Expo [1] - Future projections indicate that net demand growth rates for 2025 to 2027 will be 3%, 1%, and 1%, respectively, leading to a significant narrowing of the year-on-year decline in international ticket prices [1] - Domestic ticket prices are expected to improve from September, supported by a decrease in oil prices, which will positively impact airline profitability [1] Group 2: Company Recommendations - China National Aviation (00753) is favored due to its high market share in profitable routes, with target prices raised to HKD 7.3 for H-shares and RMB 9.6 for A-shares, rated "Buy" [2] - China Eastern Airlines (00670) has its H-share target price increased to HKD 3.7 and A-share target price to RMB 5.1, also rated "Buy" [2] - China Southern Airlines (01055) sees its H-share target price raised to HKD 4.6 and A-share target price to RMB 6.2, rated "Buy" for H-shares and "Neutral" for A-shares [2]

Group 1 - The core point of the article is that China Eastern Airlines (600115) announced an increase in passenger capacity and turnover for August 2025, indicating positive growth in its operations [1] Group 2 - The passenger capacity input (measured in available seat kilometers) is expected to rise by 6.76% year-on-year [1] - The passenger turnover (measured in revenue passenger kilometers) is projected to increase by 8.72% year-on-year [1] - The passenger load factor stands at 88.34%, which is an increase of 1.59 percentage points year-on-year [1]

Core Points - China Eastern Airlines will launch a new route from Shanghai Pudong to Auckland and Buenos Aires on December 4, marking the world's first commercial flight connecting antipodal cities and setting a record for the longest single-route flight [1][3] Group 1: Route Details - The inaugural flight will operate using a Boeing 777 aircraft, with round-trip flight numbers MU745 and MU746, departing Shanghai every Monday and Thursday at 2:00 AM Beijing time and arriving in Buenos Aires at 4:30 PM local time after approximately 25 hours and 30 minutes [3] - The return flight will leave Buenos Aires at 2:00 AM local time and arrive in Shanghai at 6:00 PM Beijing time the following day [3] Group 2: Advantages of the New Route - The new route reduces the travel time from nearly 30 hours to 25 hours by utilizing a "southbound route" via New Zealand, compared to the traditional "northbound route" that requires layovers in Europe or North America [3] - The New Zealand government will allow Chinese passport holders to transit through Auckland without a visa for stays under 24 hours starting November 2025, enhancing the convenience for travelers [3] - The "one-stop" operation by China Eastern Airlines through Auckland minimizes layover times and reduces the impact of time zone differences, alleviating fatigue during long-haul flights [3]