Group 1 - Oil prices in Asia have declined due to OPEC+ agreeing to significantly increase production, raising concerns about global oversupply [1] - Brent crude oil prices have dropped to around $69 per barrel, while West Texas Intermediate crude is close to $67 per barrel [1] - OPEC+ has approved an increase of 547,000 barrels per day starting in September, aligning with market expectations [1] Group 2 - The potential cancellation of approximately 1.66 million barrels per day in production cuts remains uncertain at this time [1] - Recent declines in oil prices follow three months of increases, influenced by weak U.S. employment data and concerns over economic slowdown due to trade tensions [1] - National Securities has indicated that lower oil prices are beneficial for airline profitability, as fuel costs remain the largest expense for airlines [1] Group 3 - Cathay Pacific Securities suggests that short-term demand fluctuations do not alter the long-term growth logic of the aviation industry, recommending a contrarian approach to airline investments [2] - The Chinese aviation sector is expected to experience steady growth, with market-driven ticket pricing and a recovery in supply-demand dynamics anticipated over the next two years [2] - The airline supply has entered a low growth phase, but the medium-term outlook remains positive with oil price declines aiding profit recovery [2] Group 4 - Relevant Hong Kong-listed airline stocks include China National Aviation (601111) (00753), Southern Airlines (600029) (01055), and Eastern Airlines (00670) [3] - Private jet manufacturer mentioned is Cirrus (02507) [3]

旅客还可享"随到随走"服务：在原航班当日凌晨0时至计划起飞时间前2小时之间，根据个人需求自主变 更至前序起飞的同航程航班，并免收一次变更手续费，有效化解临时变动之忧，大幅提升出行灵活性。 8月1日，黑龙江机场集团联合东航开通"哈尔滨-上海空中快线"，实现了双向飞行的"公交化"。这是 继"哈尔滨-大湾区空中快线""哈尔滨-大兴空中快线""哈尔滨-海南空中快线""哈尔滨-青岛空中快线"后， 哈尔滨机场开通的第五条"空中快线"。 "哈尔滨-上海空中快线"，每日往返航班增至14班次，高峰时段实现"小时级"起降密度，大幅提升航班 可选性与便捷性。哈尔滨机场为"哈尔滨-上海空中快线"设置了专用值机柜台、专用安检通道、专用登 机区域及引导标识等，制定快速乘机和到达流程，优化靠桥安排，提升行李运输效率，加强人性化服 务，较平时可为旅客缩短20-30分钟的办理登机手续时间，方便"哈尔滨-上海空中快线"旅客出行，保证 旅客"一路通畅"。 "哈尔滨-上海空中快线"专属安检通道（图片由受访单位提供） 转自：龙头新闻·黑龙江日报 为提升旅客在上海虹桥与浦东两大机场间中转的便捷性，东航推出"上海机场联络线专享产品"。持有24 小时（含） ...

格隆汇7月31日丨中国东航(600115.SH)公布，董事会同意广州新机场中联航基地项目立项，项目投资估 算为人民币124,562万元。 ...

镜头一：充分筹备，精心组织 北京分公司工会作为活动承办方，在前期充分调研需求，协调安排夏令营用餐住宿、教学场所、活动物 资等事宜，并对接具有专业资质的儿童教育机构进行托管教学，结合职工子女年龄与特点，夏令营聚焦 素质教育、项目设置丰富，涵盖经典诵读、语文素养、数学思维、硬笔练字、英语听读、艺术拓展、创 意美术等一系列课程，让孩子们在经典浸润中涵养文化底蕴，在实践体验中提升综合能力。 中国民航网讯："幸福东航娃，蓝天筑梦行！"结营仪式上，孩子们兴高采烈地齐声喊出活动主题口号， 东航北京总部首届夏令营于8月1日下午在一片欢声笑语中落下帷幕。自此，东航北京总部首届暑期研学 夏令营圆满收官。 为深入推进"幸福东航"建设和"我为群众办实事"实践活动，持续提升员工幸福感、归属感，切实解决职 工子女暑期"看护难"的后顾之忧，助力职工全身心投入旺季生产，东航北京总部于7月14日起，开展了 为期三周共三期的首届暑期研学夏令营活动。 结营仪式上孩子们精彩的表演赢得现场所有人的阵阵喝彩，回望教室后方作为家长的职工们，更是掌声 不断、好评连连："托管很踏实、太省心了""回家不用再督促作业了""工作忙时，可以早送也可以晚 接""孩子放 ...

致：香港交易及結算所有限公司 FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 公司名稱: 中國東方航空股份有限公司 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00670 | 說明 | | 中國東方航空股份有限公司H股 | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,176,777,777 | RMB | | 1 RMB | | 5,176,777,777 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 5,176,777,777 | RMB | | 1 RMB | | 5,176,777,777 | | 2. 股份 ...

截至月份: 2025年7月31日 狀態: 新提交 FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 致：香港交易及結算所有限公司 公司名稱: 中國東方航空股份有限公司 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00670 | 說明 | | 中國東方航空股份有限公司H股 | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,176,777,777 | RMB | | 1 RMB | | 5,176,777,777 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 5,176,777,777 | RMB | | 1 RMB | | 5,176,777,777 | | 2. 股份 ...

《中国民航报》、中国民航网 记者钱擘 通讯员宋梦菲、刘春霞 实习生吴桐塵 报道：7月30日，台风"竹 节草"带着狂风暴雨，先后在浙江舟山的朱家尖岛和上海奉贤登陆，登陆后转向内陆的"竹节草"虽然强 度开始减弱，但外围雨带的强降雨仍然影响华东多地。连日来，东航广大党员干部职工协同奋战，迎战 台风，护航暑运安全。 紧盯台风精准决策 7月下旬，"竹节草"成功"复活"、重新恢复编号后，东航运控中心的大屏上，就显示红色的风暴圈正步 步紧逼上海。作为航班运行的"最强大脑"，这里连续召开台风决策会议，针对台风进行精准研判。 "竹节草"逼近之际，总飞行签派部一分部的辅助监控席位前，2023年8月入职的王栋紧盯着屏幕，这是 他独立在辅助监控岗位上遇到的第一个台风。他密切关注雷达回波和风场数据，监控空中航班的实时位 置、高度、油量，同时也协同气象、性能工程师等席位核对台风对运行的影响，并将掌握的信息与机组 进行信息共享。对于可能返航、备降的航班，王栋提前联系好机场、管制及各地生产指挥部门做好保障 工作，全力确保航班安全顺畅运行。 而东航服务保障团队的指挥席上，7月30日早上不到8点，主班邢丽康与前一日主班经理仔细交接决策信 息，核 ...

Core Viewpoint - Eastern Airlines has upgraded the Shanghai-Harbin route to an "Air Express" service, enhancing connectivity in Northeast China [2] Group 1: Service Enhancements - The Shanghai-Harbin "Air Express" will operate 14 round-trip flights daily, achieving an "hourly" takeoff and landing density during peak periods [2] - Passengers will benefit from dedicated check-in counters, security channels, boarding gates, and nearby baggage claim for a one-stop service experience [2] Group 2: Flexibility for Passengers - Travelers can change to an earlier flight on the same route without incurring a change fee, provided the change is made between midnight and two hours before the scheduled departure [2]

Industry Rating - The industry investment rating is maintained as "Outperform the Market" [1] Core Insights - The aviation industry has incurred significant losses, totaling 329.5 billion yuan from 2020 to 2023, while the cumulative profit from 2010 to 2019 was only 278.2 billion yuan [2][8] - The root cause of the losses is identified as excess capacity, with a 15% increase in the number of aircraft from 2019 to 2024, while passenger traffic only grew by 11% [3] - Average ticket prices for the three major airlines have decreased by approximately 7% compared to 2019, leading to continued losses in 2024 and the first half of 2025 [11] Summary by Sections 1. Aviation Industry Losses - The aviation industry urgently needs to address its losses, with major airlines continuing to report significant deficits [6] - The average ticket price for the three major airlines in 2024 is lower than in 2019, contributing to declining profit margins [11] 2. Capacity and Demand Imbalance - The growth in the number of aircraft has outpaced the growth in passenger traffic, leading to an ongoing imbalance in supply and demand [15] - Aircraft utilization rates have not fully recovered to pre-2019 levels, although passenger load factors have exceeded those levels in 2025 [20] 3. Opportunities for Improvement - There is potential for the early retirement of older aircraft, which could help clear excess capacity and improve profitability [24][27] - The prices of second-hand aircraft have risen, providing an opportunity for airlines to sell or lease older planes for good returns [28] - The profitability of foreign airlines is higher than that of domestic airlines, suggesting a need for domestic airlines to consider external aircraft adjustments [36] 4. Domestic Aircraft Market - The delivery volume of domestic large aircraft is expected to increase significantly, with domestic aircraft projected to become the main source of growth in aircraft numbers [39]

Core Viewpoint - The article highlights the transition of a former soldier, Fang Zan, from military service to becoming a flight attendant at Eastern Airlines, emphasizing the continuity of her commitment to serving the public and maintaining high standards of safety and discipline learned in the military [1][7]. Group 1: Background and Experience - Fang Zan served as a volunteer soldier in the Eastern Theater Navy for two years, where she developed strong military skills and a deep understanding of the importance of mission and discipline [3]. - After her military service, she pursued further education and joined Eastern Airlines, where she faced the challenge of adapting from a military environment to a customer service role [3][4]. Group 2: Professional Conduct and Skills - Fang Zan applies military discipline to her role as a flight attendant, meticulously checking emergency equipment and maintaining high standards of appearance and order in the cabin [6]. - She demonstrates exceptional adaptability and problem-solving skills, effectively managing passenger needs and emergencies with the same composure she exhibited during military operations [4][6]. Group 3: Commitment to Service - The article illustrates Fang Zan's dedication to passenger safety and comfort, reflecting her military ethos of "serving the people" in her current role [7]. - Her experiences in the military have instilled a sense of responsibility and a commitment to excellence, which she carries into her work at Eastern Airlines [7].