国航、南航、东航1月26日发布公告称，根据外交部发布的出行提醒，为协助受影响旅客 更好安排出行，针对1月26日12时前已购买、旅行日期为3月2 9日至10月24日的上述航空 公司日本航线进出港航班客票，可办理免费退改手续。 欢迎分享给你的朋友！ 出品 | 中国能源报（c n e n e rg y） 据悉，上述航空公司已多次发布涉日本航线客票特殊处置方案，此前的免费退改政策执行 至3月28日。 来源：新华社 End 编辑丨赵方婷 ...

农历春节临近，1月26日，外交部领事司发布公告指出中国公民在日本面临严重安全威胁，提醒中国公 民近期避免前往日本。同日，国航、南航、东航发布公告称，根据外交部发布的出行提醒，涉日本航线 客票免费退改政策延长至10月24日。南都N视频此前推出"揭批高市早苗谬论"系列访谈，受日本首相高 市早苗的涉台谬论影响，自2025年11月中旬起，陆续有中国游客取消赴日旅程。 1月26日，外交部领事司发布公告指出，近段时间以来，日本社会治安不靖，针对中国公民违法犯罪案 件多发。部分地区连续发生地震，造成人员受伤，日本政府已就后续地震发出警告。中国公民在日本面 临严重安全威胁。 农历春节临近，外交部和中国驻日本使领馆提醒中国公民近期避免前往日本，提醒已在日中国公民密切 关注当地治安形势，以及地震和次生灾害预警信息，提高安全防范意识，加强自我保护。如遇紧急情 况，请及时报警并联系驻日使领馆寻求协助。 同日，国航、南航、东航发布公告称，根据外交部发布的出行提醒，为协助受影响旅客更好安排出行， 针对1月26日12时前已购买、旅行日期为3月29日至10月24日的上述航空公司日本航线进出港航班客票， 可办理免费退改手续。 据悉，上述航空公 ...

据新华社消息，国航、南航、东航1月26日发布公告称，根据外交部发布的出行提醒，为协助受影响旅 客更好安排出行，针对1月26日12时前已购买、旅行日期为3月29日至10月24日的上述航空公司日本航线 进出港航班客票，可办理免费退改手续。 另据第一财经消息，航班管家数据显示，截至1月26日，2026年2月已有49条航线取消全部航班，比一月 进一步增加。2026年1月，中国大陆赴日本航班取消率达47.2%，较2025年12月增长7.8个百分点。 来源：长安街知事微信公众号 近段时间以来，日本社会治安不靖，针对中国公民违法犯罪案件多发。部分地区连续发生地震，造成人 员受伤，日本政府已就后续地震发出警告。中国公民在日本面临严重安全威胁。 农历春节临近，外交部和中国驻日本使领馆提醒中国公民近期避免前往日本，提醒已在日中国公民密切 关注当地治安形势，以及地震和次生灾害预警信息，提高安全防范意识，加强自我保护。如遇紧急情 况，请及时报警并联系驻日使领馆寻求协助。 据悉，上述航空公司已多次发布涉日本航线客票特殊处置方案，此前的免费退改政策执行至3月28日。 同日，外交部领事司发布消息，提醒中国公民春节期间避免前往日本： ...

Core Insights - The cancellation rate of flights from mainland China to Japan has significantly increased, with a reported 47.2% cancellation rate in January 2026, up by 7.8 percentage points from December 2025 [2] - As of January 26, 2026, a total of 49 flight routes have canceled all flights, indicating a worsening trend in flight operations [1] Flight Cancellations - The cancellation rates for specific routes from mainland China to Japan in February 2026 show that several routes have a 100% cancellation rate, including major cities such as Beijing, Chengdu, and Shanghai [3] - Notable routes with 100% cancellations include Beijing Daxing to Kansai (113 flights), Shanghai Pudong to Osaka Kobe (28 flights), and Shenzhen Baoan to New Chitose (13 flights [3] Airline Policies - Multiple airlines, including Air China, China Eastern, and China Southern, have announced extended free ticket change and cancellation policies for flights to Japan until October 24, 2026 [4][10] - Air China allows for free changes for tickets purchased before January 26, 2026, for flights scheduled between March 29 and October 24, 2026, with specific conditions for changes and refunds [4] - China Eastern's policy includes free changes for flights within three days of the original flight date and allows for non-voluntary refunds without fees for unused segments [5][7] Impact on Tourism and Retail - The number of visitors from mainland China to Japan dropped significantly, with December 2025 seeing a 45.3% decrease compared to the previous year, attributed to various factors including safety concerns and negative public sentiment [12][14] - Japan's retail sector is experiencing a downturn, with department store sales declining by 1.5% in 2025, marking the first negative growth in five years, largely due to weak inbound consumption [12][14] Safety Concerns - The Chinese Ministry of Foreign Affairs has issued warnings to citizens regarding travel to Japan, citing safety threats and recent seismic activity, urging travelers to reconsider their plans [15]

记者丨高江虹 编辑丨高梦阳 1月26日下午，国航、东航、南航集体发布公告：1月26日前出票，航班起飞日期在2026年3月29日 （含）至2026年10月24日（含），涉及日本进港、出港或经停航班可免费退改。三大航带了头，预计其 他中国航司都会跟进该政策。 这意味着，日本航线今年都将是收缩状态，春节之后，清明、五一、暑假、中秋、国庆等假期，日本旅 游市场仍将错失大量中国游客。 相关数据显示，2025年，中国内地赴日游客数量达909万人次，较2024年的698万人次增长30%。不过这 么高的旅游基数是2025年前十个月创造的，这期间中国内地赴日游客量每月平均都在80万人以上，但 2025年11月、12月，中国内地赴日游客量降至56万、33万人次，降幅明显。 据悉，自去年11月15日以来，中国航司已经取消大量赴日航班，根据航班管家DAST数据，2026年1月 中国大陆赴日本航班取消率达47.2%较2025年12月增长7.8个百分点。截至1月26日，2026年2月已有49条 航线取消全部航班。 | 航线 | 赴日已取消 | 医療治症日 | | --- | --- | --- | | 北京大兴-关西 | 113 | 1 ...

Core Viewpoint - The announcement by major Chinese airlines (Air China, China Eastern Airlines, and China Southern Airlines) regarding free cancellations and changes for flights to and from Japan from March 29 to October 24, 2026, indicates a significant contraction in the Japan travel market for Chinese tourists in 2026, especially during peak holiday seasons [1]. Summary by Sections Airline Policy Changes - Major Chinese airlines have collectively announced free cancellation and modification policies for flights to Japan, effective for tickets purchased before January 26, 2026, for travel between March 29 and October 24, 2026 [1]. - It is anticipated that other Chinese airlines will follow suit with similar policies [1]. Impact on Travel Market - The Japan travel market is expected to experience a significant decline in Chinese tourists, missing out on key holiday periods such as Spring Festival, Qingming, May Day, summer vacations, Mid-Autumn Festival, and National Day [1]. - Data indicates that in 2025, the number of Chinese tourists to Japan is projected to reach 9.09 million, a 30% increase from 6.98 million in 2024. However, this growth is primarily driven by the first ten months of 2025, with a monthly average of over 800,000 tourists [1]. Flight Cancellations - Since November 15, 2025, Chinese airlines have canceled a significant number of flights to Japan, with a cancellation rate of 47.2% for January 2026, an increase of 7.8 percentage points from December 2025 [1]. - As of January 26, 2026, there are 49 routes with all flights canceled for February 2026 [1]. Specific Route Cancellations - A detailed list shows that multiple routes from various cities in China to Japan have a 100% cancellation rate, including major routes from Beijing, Shanghai, and Chengdu [2][3]. - The cancellation of flights is expected to further impact the number of Chinese tourists visiting Japan in 2026, with December 2025 statistics showing a significant drop in travelers compared to previous years [3].

Geopolitical Tensions and Economic Responses - France is organizing a G-7 Finance call to coordinate international aid for Ukraine's energy infrastructure, following severe damage to Ukraine's power grid from Russian attacks, leaving millions without electricity and heating [3] - The European Union is deploying 447 emergency generators to Ukraine, valued at 3.7 million euros, to support critical services [3] - UNESCO has expressed concern over damage to the Kyiv-Pechersk Lavra and threats to the Saint Sophia Cathedral, both World Heritage sites, due to ongoing conflicts [4] Currency and Commodity Markets - The South African Rand (ZAR) has appreciated past 16/$ for the first time since June 2022, trading at 16.0475 against the dollar, up approximately 0.4% from the previous close, driven by record-high gold prices above $5,000 an ounce and an improved economic outlook [6] - OPEC+ is likely to maintain its supply pause in March amid signs of a surplus in global oil markets, with oil futures declining 15% this year to around $63 a barrel [7] International Trade and Digital Regulation - Canadian Prime Minister Mark Carney stated Canada has no intention of pursuing a free trade deal with China, responding to U.S. tariff threats of 100% on Canadian goods [8] - The EU Commission is initiating proceedings against xAI's Grok chatbot under the Digital Services Act due to concerns over inappropriate content generation [10]

1月26日，国航、东航、南航、山航、川航、厦航等航司陆续发布通知称，1月26日前出票，航班起飞日 期在2026年3月29日（含）至2026年10月24日（含）的日本进出港或经停航班，可免费退改签。 此前的2025年11月，外交部和中国驻日本使领馆郑重提醒中国公民近期避免前往日本。11月15日，国 航、东航、南航、川航、厦航、春秋航空分别发布通知，对日本航线客票特殊处理，符合适用范围的客 票在有效期内可按规则办理退改手续。当时改退措施适用于航班起飞日期在2025年11月15日至2025年12 月31日期间的机票。 今年1月3日，驻日本大使馆再次提醒在日中国公民注意人身安全。 近期，日本部分地区治安环境不靖。福冈县、静冈县、爱知县等多地发生杀人未遂、报复社会案件。 多名旅日中国公民报告遭无端辱骂殴打并受伤。2025年12月31日，东京新宿区发生汽车撞人事件。两名 中国公民被严重撞伤，后被紧急送往医院救治。 获悉上述有关案情后，驻日本大使馆第一时间向受伤中国公民及其家属表示慰问并提供协助，同时向日 本警方交涉，敦促尽快破案，切实保护中国公民合法权益。 出行在外，安全最重要。值此岁末年初、春节将至之际，中国驻日本大使 ...

Investment Rating - The report maintains an "Overweight" rating for the aviation and oil shipping sectors [4]. Core Insights - The aviation sector is expected to see record passenger flow during the Spring Festival, with a projected increase of approximately 5.3% year-on-year, reaching 9.5 billion trips in 2026. The report anticipates strong demand during the Spring Festival, with limited additional flights due to strict management by airlines [4]. - In the oil shipping sector, high oil freight rates are expected to persist, with a significant year-on-year increase in tanker profits anticipated for Q1 2026. The report highlights a bullish long-term outlook for oil shipping driven by global oil production growth and an aging fleet [4]. - The express delivery sector is projected to experience a growth rate of 14% in 2025, with a notable recovery in profitability driven by effective measures against excessive competition [4]. Summary by Relevant Sections Aviation - The report forecasts a record high in passenger flow during the Spring Festival, with a year-on-year growth of 5.3% in civil aviation passenger transport [4][5]. - The pre-sale trends for airline tickets are positive, and the overall flight capacity increase during the Spring Festival is expected to be limited, benefiting airline revenue management [4]. - The report suggests a strategic investment in the aviation sector, highlighting companies such as Air China, China Eastern Airlines, and Spring Airlines as potential beneficiaries [4]. Oil Shipping - Oil freight rates are expected to remain high, with a significant increase in tanker profits projected for Q1 2026 due to rising oil production from the Middle East and South America [4]. - The report emphasizes the long-term bullish logic for oil shipping, driven by increased demand and a tightening supply due to an aging fleet [4]. - Recommended companies in the oil shipping sector include COSCO Shipping Energy Transportation and China Merchants Energy Shipping [4]. Express Delivery - The express delivery sector is expected to see a growth rate of 14% in 2025, with a decline in growth rate towards the end of the year [4]. - The report notes that measures against excessive competition have led to a recovery in profitability for leading companies in the sector [4]. - Companies such as SF Express and ZTO Express are highlighted as key players to watch in this sector [4].

新华社阿布扎比1月25日电（记者温新年赵丹亮）随着一架搭载278名乘客的中国国际航空公司客机24日 晚降落在阿联酋阿布扎比扎耶德国际机场，国航北京至阿布扎比直飞航线顺利完成首航，标志着中阿两 国首都之间首次实现由中国航司执飞的直达互联。该航线是国航2026年新开通的首条国际航线，采用波 音787机型执飞，每周往返4班。航线的开通进一步完善了中阿航空网络布局，为两国人员往来、经贸合 作和人文交流提供了更加高效便捷的空中通道。国航相关负责人表示，为确保航线顺利运行，国航从安 全、运行、服务等方面进行了周密部署，选派经验丰富的骨干机组，制定专项运行保障预案，并在客舱 服务中融入中阿文化元素，努力为旅客提供安全、舒适、温馨的出行体验。业内人士认为，直飞航线的 开通是中阿航空合作的重要里程碑，将有助于提升两国首都间的通达水平，促进旅游、商务和文化交 流，为中阿双方在共建"一带一路"框架下深化务实合作注入了新动力。（完） ...