Core Viewpoint - The article highlights the effective emergency response and operational efficiency of China Eastern Airlines' Chongqing base during a sudden severe thunderstorm that led to the diversion of 48 flights to Chongqing Jiangbei Airport, showcasing the company's commitment to passenger safety and service quality [1][4]. Group 1: Emergency Response - The Chongqing base activated its "mass flight diversion response plan" immediately upon the arrival of diverted flights, forming an "emergency task force" with multiple departments to ensure efficient operations [2]. - The operational command center coordinated with various units, addressing challenges such as the scarcity of ground support vehicles by implementing a "cross-gate shuttle" system to facilitate passenger movement [2][3]. Group 2: Passenger Service - The ground service department initiated a "rapid baggage handling program" to ensure that flight delays did not affect baggage transfer, while staff were deployed to communicate with passengers and alleviate their concerns [3]. - The company employed a strategy of "regional guidance and batch explanations" to manage passenger anxiety effectively during the crisis [3]. Group 3: Operational Success - After five hours of continuous effort, all diverted flights were safely returned to Chengdu, achieving the dual goals of safe flight operations and proper accommodation for canceled flights without generating negative public sentiment [4]. - The incident served as a comprehensive test of the team's emergency response and collaborative capabilities, reinforcing the company's commitment to customer-centric service during peak travel seasons [4].

Group 1 - The Nanjing-London direct flight route is a significant development for Jiangsu Province, marking the first direct passenger route to a core European hub in recent years [1][3] - The new air route is expected to enhance cooperation opportunities in finance, tourism, education, and culture between Jiangsu and France, reflecting a strong connection between the two regions [3] - The route will be operated by China Eastern Airlines using a Boeing 777 aircraft, with a maximum capacity of 316 passengers, and is scheduled to run weekly on Wednesdays [3][4] Group 2 - France is Jiangsu's third-largest trading partner and source of foreign investment within the EU, with nine sister city partnerships established [3] - Nanjing Airport has accelerated its internationalization efforts, with 56 airlines operating and a network covering 97 domestic and 24 international destinations [3] - China Eastern Airlines has a global network covering 166 countries and regions, serving 150 million passengers annually, and plans to open additional international routes from Nanjing [4]

翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 FF305 公司名稱： 中國東方航空股份有限公司 呈交日期： 2025年7月8日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 00670 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | | 佔有關事 ...

Investment Rating - The investment rating for the aviation industry is "Positive" [2] Core Viewpoints - The aviation industry's profitability framework is influenced by capacity supply, travel demand, load factor, ticket price performance, fuel prices, and exchange rate fluctuations, which ultimately affect company profit performance [16][2] - Domestic travel demand is steadily increasing, while international routes have largely recovered to 2019 levels [3][31] - Supply chain disruptions are delaying aircraft deliveries, leading to a contraction in capacity supply [4][6] Summary by Sections Demand - Domestic air passenger traffic increased by 4.2% year-on-year from January to May 2025, with high load factors sustained [3] - International passenger traffic has nearly returned to 2019 levels, with recovery rates of 106.3% for passenger volume and 101.0% for turnover by May 2025 [31][33] - Policies aimed at boosting consumption are expected to enhance public leisure travel demand, thereby increasing aviation travel demand [3][37] Supply - The growth rate of capacity introduction is slowing, and aircraft leasing prices are rising due to ongoing supply chain issues [4] - The average fleet utilization rate is expected to have limited improvement during peak seasons, with a significant gap remaining compared to 2019 levels [5] - The number of grounded aircraft for maintenance has increased, exacerbating capacity constraints [6] Supply and Demand Balance - The industry is experiencing a tight supply-demand balance, with load factors returning to high levels, and ticket prices are expected to rise during peak seasons [6] - In 2023, ticket prices reached historical highs, but are projected to decline in 2024 before rebounding in 2025 [7] - Airlines are likely to benefit from rising ticket prices and declining fuel costs, leading to high earnings elasticity [8] Revenue and Cost Sensitivity - Airlines can maximize revenue through high load factors and unit revenue per route, with domestic capacity growth slowing and international capacity gradually recovering [8] - Fuel cost pressures are expected to ease, with average fuel prices declining year-on-year [8] - Sensitivity analysis indicates that a 1% increase in ticket prices could significantly boost profits for major airlines [8] Investment Recommendations - The report recommends a positive outlook for the aviation industry, emphasizing the potential for improved supply-demand dynamics and ticket price recovery during peak seasons [8]

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） 修訂現有飛機及發 動機租賃協議；及 持續關連交易及 主要交易 茲提述本公司日期為2022年9月26日、2022年10月12日及2022年12月14日的公告及本公司 日期為2022年10月25日的通函，內容有關（其中包括）現有持續關連交易。 於2025年7月4日，本公司(i)與東航租賃訂立補充協議，並建議就截至2025年12月31日止 年度銷售飛機及發動機設定相關年度上限；(ii)重續以下協議，並擬設定截至2028年12月 31日止三個年度之相關年度上限：(1)金融服務協議；(2)飛機及發動機租賃及相關服務協 議；(3)航食和機供品保障協議；(4)航空配套服務協議；(5)物業租賃及代建代管協議；(6) 貨運物流服務協議；(7)航空機載通信協議；(iii)與東航保理訂立商業保理服務協議，並擬 設定截至2028年12月31日止三個年度之相關 ...

Core Viewpoint - China Eastern Airlines has experienced a decline in stock price, with a current market capitalization of 84.93 billion RMB, ranking 3rd in the aviation sector and 166th in the A-share market [1] Company Announcements - The board of directors approved several resolutions, including the revision of the company's articles of association and the proposal to abolish the supervisory board and its rules [1][2] - The company set the upper limit for daily related transactions for aircraft and engine sales in 2025 at 1.8 billion RMB and for leasing at 4.6 billion USD [1][4] - The company also approved related transactions for the years 2026 to 2028, establishing upper limits and framework agreements for these transactions [1][2] Share Buyback Progress - As of June 30, 2025, the company has repurchased approximately 89.55 million A-shares, accounting for about 0.4017% of the total share capital, with a total repurchase amount of approximately 336.80 million RMB [3][4] - The company has also repurchased approximately 83.68 million H-shares, representing about 0.3754% of the total share capital, with a total amount of approximately 222.30 million HKD [3][4] Daily Related Transactions - The company has adjusted its daily related transactions for 2025, including the sale of aircraft and engines, with an estimated upper limit of 1.8 billion RMB for the year [4] - New projects for related transactions from 2026 to 2028 include factoring services and aircraft maintenance services, while foreign trade services have been excluded [4][5]

Core Points - The "Shanghai Summer" International Consumption Season was launched on July 4, 2025, featuring over 300 summer activities from July to October, co-hosted by various Shanghai government departments [1] - China Eastern Airlines (CEA) is the global strategic partner for the event, showcasing its offerings during the launch ceremony [1] Group 1: Promotions and Offers - CEA has prepared over 1 million discounted tickets, 100,000 Shanghai Pass cards, and 100,000 free half-day transit tours for domestic and international tourists during the "Shanghai Summer" season [4] - The Shanghai Pass card, a collaboration between CEA and other organizations, is available for overseas sales for the first time, providing various discounts on transportation, tourism, shopping, and dining without the need for real-name authentication [4] Group 2: Strategic Initiatives - CEA aims to enhance its network accessibility and serve as a cultural bridge, launching a direct flight from Shanghai to Almaty on the same day as the event's kickoff [5] - The airline is collaborating with popular cultural brands to enrich the travel experience, exemplified by the launch of the "Dimoo 50th Anniversary of China-Thailand Diplomatic Relations" themed aircraft [5] - CEA plans to leverage the national 240-hour visa-free transit policy to attract global travelers to China, further deepening cross-industry collaborations [5]

Core Viewpoint - China Eastern Airlines has officially launched a direct flight route from Shanghai to Almaty, Kazakhstan, enhancing connectivity and promoting cultural and economic exchanges between the two cities [1][6]. Group 1: Flight Details - The inaugural flight MU6041 took off from Shanghai Pudong International Airport on July 4, 2025, carrying 164 passengers [1]. - The round-trip flight numbers are MU6041/MU6042, operating every Monday, Wednesday, and Friday [6]. - The outbound flight departs Shanghai at 16:05 Beijing time and arrives in Almaty at 19:35 local time, while the return flight leaves Almaty at 20:50 local time and arrives in Shanghai at 06:05 the next day [6]. Group 2: Cultural and Economic Significance - The launch of this route is expected to enhance the travel experience for passengers, as evidenced by the distribution of the "Shanghai Pass" card, which offers various payment functionalities in Shanghai [6]. - China is Kazakhstan's largest trading partner, and the economic ties between the two countries are growing stronger [6]. - Almaty, as Kazakhstan's largest city, serves as a key economic, financial, cultural, educational, and transportation hub, boasting rich tourism resources [6]. - The cities of Shanghai and Almaty have officially established a friendship city relationship during the second China-Central Asia Summit held from June 16 to 18, 2025 [6].

Core Viewpoint - The article highlights the challenges faced by Eastern Airlines' ground handling staff, referred to as "orange warriors," during the peak summer travel season, particularly under extreme heat conditions at Shanghai's Hongqiao International Airport [1][10]. Group 1: Working Conditions - The ground temperature at Hongqiao International Airport has exceeded 50 degrees Celsius during peak hours, prompting high-temperature alerts [1]. - Ground handling staff work outdoors in extreme heat, often feeling the heat on their feet and dealing with heavy luggage [1][10]. - The labor intensity remains high, especially for narrow-body aircraft, where manual handling is required due to limited cargo space [7][10]. Group 2: Operational Efficiency - Each ground handling staff member is responsible for approximately 10 flight operations, including unloading and loading cargo [6]. - The use of mobile technology has improved operational efficiency, allowing staff to scan and confirm cargo details quickly [7]. - The "door pointing method" is a safety protocol to ensure cargo doors are secure before loading [7]. Group 3: Summer Support Measures - Eastern Airlines provides cooling beverages and emphasizes hydration for staff working in high temperatures [10]. - The company has introduced protective gear, such as rain boots, to enhance safety during outdoor operations [10]. - Daily briefings remind staff to maintain hydration and safety standards [10]. Group 4: Performance Metrics - On July 3, Eastern Airlines executed over 3,100 flights, carrying more than 442,000 passengers, with a record of nearly 3,200 flights and over 452,000 passengers on July 4 [9][10]. - The increase in passenger volume correlates with the heightened demand for ground handling services during the summer travel season [10].

Core Viewpoint - China Eastern Airlines has adjusted its daily related transactions for aircraft and engines for 2025, including the sale of old aircraft to optimize asset management and improve operational efficiency [1][8]. Summary by Category Daily Related Transactions for 2025 - The company plans to include the sale of aircraft and engines in its daily related transactions for 2025, with a maximum transaction amount of RMB 1.8 billion [1][8]. - The company will choose to sell to Eastern Airlines Leasing if their offer is competitive compared to others [1][8]. Daily Related Transactions for 2026 to 2028 - The company has identified new daily related transaction types for 2026 to 2028, including factoring services and aircraft and engine sales, while removing others like foreign trade import and export services [1][12]. - The maximum transaction amounts for financial services and aircraft leasing are expected to increase due to growing passenger revenue and cash flow [2][12]. Financial Services - The company anticipates a slight increase in the maximum daily deposit and comprehensive credit limits for the next three years, driven by increased cash inflow and financing needs [2][12]. - The company will maintain competitive deposit and loan rates with Eastern Airlines Finance compared to major domestic banks [3][12]. Aircraft and Engine Leasing Services - Eastern Airlines Leasing has strong capital strength and expertise in aircraft leasing, which helps reduce overall leasing costs for the company [3][10]. - The company plans to eliminate the previous restriction that limited leasing transactions with Eastern Airlines Leasing to 50% of the total planned aircraft and engine acquisition amount [9][10]. Catering and Supply Services - Eastern Airlines Food will provide comprehensive procurement and supply chain services for in-flight meals, helping to reduce costs and improve quality [4][12]. - The company will ensure that transactions with Eastern Airlines Food do not increase costs or reduce quality [4][12]. Exclusive Cargo Services - The company has granted China Cargo Airlines exclusive rights to operate its passenger aircraft cargo business to avoid competition and enhance operational efficiency [5][12]. Impact of Daily Related Transactions - The daily related transactions are based on fair market pricing and are expected to benefit the company and its shareholders without harming the interests of minority shareholders [5][12]. Future Transaction Estimates - The estimated maximum transaction amounts for 2026 to 2028 are projected to increase, reflecting anticipated growth in the aviation market and the company's operational scale [22][12].