消息上，元旦假期临近，2026年元旦机票市场预计会"量价齐升"。在海南封关及元旦假期临近等多重驱 动下，旅游板块近期持续活跃。 | 代码 | 名称 | 最新价 涨跌幅 v | | --- | --- | --- | | 00753 | 中国国航 | 7.070 3.97% | | 00670 | 中国东方航空股 | 5.280 3.53% | | 01055 | 中国南方航空股 | 5.700 1.97% | 近日连续回调的港股三大指数再度活跃，中国国航一度涨近5%刷新近期阶段新高，中国东方航空目前 涨3.5%，中国南方航空涨2%。 今年元旦假期民航市场热度较往年明显上升。多家航空公司在热门冰雪游航线上增投了运力，目前机票 销售进度已超其它航线。相关人士表示，深圳工作的人去北方旅游，东北地区的游客也流行来深圳旅 游。深圳机场往返东北客流量，最近已同比增长了4.3%。 ...

每经AI快讯，港股航空股早盘普涨，截至发稿，中国国航(00753.HK)涨4.41%，报7.1港元；东方航空 (00670.HK)涨3.73%，报5.29港元；南方航空(01055.HK)涨1.97%，报5.7港元。 ...

Group 1 - The core viewpoint of the article highlights a significant increase in airline stocks, driven by favorable market conditions and upcoming holiday travel demand [1] - China Southern Airlines (01055) saw a stock increase of 1.97%, reaching 5.7 HKD, while China Eastern Airlines (00670) rose by 3.73% to 5.29 HKD, and Air China (00753) increased by 4.41% to 7.1 HKD [1] - The offshore RMB against the USD has recently strengthened, surpassing the "7" mark, which alleviates the foreign exchange pressure on airlines [1] Group 2 - Data indicates that domestic flight ticket bookings exceeded 2.71 million, representing a year-on-year increase of approximately 35% as of December 25 [1] - The upcoming New Year holiday, from January 1 to January 3, 2026, is expected to boost travel, with flexible holiday arrangements encouraging more air travel [1] - Analysts from Zhongtai Securities express optimism regarding the airline sector, citing falling oil prices, a stronger RMB, and the holiday season as catalysts for improved airline performance [1]

消息面上，近日，离岸人民币对美元汇率一度升破"7"整数关口。另据央视财经报道，2026年元旦假期 快到了，越来越多的消费者通过旅行的方式辞旧迎新。数据显示：2026年元旦假期，从北京、天津、上 海等城市飞往三亚、海口、昆明、广州、长白山（603099）、哈尔滨等热门目的地的机票预订量环比上 涨较快。截至12月25日，国内航线机票预订量超271万张，同比增长约35%。 中泰证券（600918）认为，人民币汇率升值下航司汇兑压力缓解。此外，元旦假期将至（2026年元旦放 假安排为1月1日（周四）至3日（周六）），假期构成灵活，可通过拼假延长假期，利好航空出行。短 期来看，伴随原油价格破位下行、人民币汇率走强，以及元旦及春运假期催化，航空量价向好预期较 强，看好基本面积极变化带动下的航空投资机会。 航空股早盘普涨，截至发稿，中国国航（601111）(00753)涨4.41%，报7.1港元；东方航空(00670)涨 3.73%，报5.29港元；南方航空（600029）(01055)涨1.97%，报5.7港元。 ...

Core Viewpoint - The delivery of the first domestically produced C919 aircraft for leasing by Jianxin Financial Leasing marks a significant milestone for Xiamen's free trade zone, enhancing its integration into the national aviation industry and supporting the industrialization of domestic large aircraft [1]. Group 1: Aircraft Leasing Development - Jianxin Financial Leasing's C919 leasing business is funded by Jianxin Luba Leasing (Xiamen) Co., Ltd. and delivered to Air China, indicating a strong commitment to the local market [1]. - The Xiamen Free Trade Zone has prioritized the development of the aviation leasing industry, leveraging policies such as "cross-border supervision" and "chain customs clearance" to create a comprehensive ecosystem for aircraft leasing, maintenance, and related services [1]. Group 2: Financing Leasing Industry Growth - The Xiamen Free Trade Zone has established a "nanny-style + expert" service team to address the pain points of financing leasing enterprises, significantly improving operational efficiency and reducing costs [2]. - By 2025, the financing leasing industry in the Xiamen Free Trade Zone is expected to continue thriving, with approximately 400 registered leasing companies and total leasing assets exceeding 1.7 trillion yuan, maintaining a leading position in aircraft leasing nationwide [2]. Group 3: Broader Industry Impact - The financing leasing business in the Xiamen Free Trade Zone not only focuses on aviation but also encompasses sectors like shipping, integrated circuits, film equipment, and green energy, serving over 28,000 enterprises, primarily small and medium-sized [3]. - The successful leasing of the C919 aircraft is seen as a new starting point for further institutional innovation and collaboration with major companies in the aviation sector, aiming to enhance the local economy and contribute to the development of a modern industrial system [3].

Investment Rating - The report does not explicitly state an overall investment rating for the industry, but it recommends specific companies such as SF Express and China Southern Airlines based on their performance and market conditions [2][4]. Core Views - The express delivery sector shows a year-on-year growth of 5% in November, with some companies benefiting from price increases due to reduced competition. The total express delivery volume reached approximately 180.6 billion pieces, while revenue decreased by 3.7% to 137.65 billion yuan [2]. - In logistics, the chemical transportation prices remained stable, and the report recommends Haichen Co. for its focus on smart logistics and improved demand [3]. - The aviation sector experienced a slight increase in flight operations, with an average of 14,612 flights per day, reflecting a 1.79% year-on-year growth. The report anticipates profit elasticity for airlines due to supply constraints and rising ticket prices [4]. - The shipping sector indicates a mixed performance, with container shipping rates showing a slight increase, while dry bulk shipping rates have decreased. The report highlights the impact of geopolitical events on oil tanker operations [5]. - The road and rail sector shows stable performance, with highway freight traffic increasing by 2.02% week-on-week, and the Daqin Railway reported a 1.75% increase in freight volume [6][89]. Summary by Sections 1. Market Review - The transportation index rose by 1.3% during the week of December 20-26, underperforming the Shanghai Composite Index, which increased by 1.9%. The logistics sector had the highest gain at 5.5%, while the aviation sector saw a decline of 0.7% [1][13]. 2. Industry Fundamentals Tracking 2.1 Shipping and Ports - The report notes a slowdown in container shipping declines, with support from seasonal demand and long-term contracts. However, it warns of potential downward pressure on rates in January due to increased capacity [24]. - The export container shipping index (CCFI) was reported at 1,146.67 points, up 2.0% week-on-week but down 24.3% year-on-year [25]. 2.2 Aviation and Airports - The civil aviation sector saw a total passenger volume of 60.17 million in November, a 6% increase year-on-year, with domestic routes growing by 5% and international routes by 19% [58]. - The report highlights that airlines are expected to see significant profit increases in Q4 due to high load factors and rising ticket prices [58]. 2.3 Rail and Road - The report indicates that national railway passenger volume reached 331 million in November, a year-on-year increase of 8.94%, while freight volume was 460 million tons, up 1.16% [83]. - The highway freight traffic showed a slight increase, with a total of 55.44 million trucks passing through highways during the week of December 16-21 [89].

Core Viewpoint - Jianxin Financial Leasing Co., Ltd. successfully delivered its first C919 aircraft to China International Airlines on December 27, marking a significant milestone in their leasing partnership [1] Group 1: Company Collaboration - Jianxin Financial Leasing has established a leasing business collaboration with China International Airlines involving a total of 19 aircraft [1]

都说民航是"看天吃饭"的行业，航司能不能赚钱，就和天气一样难预测。 行业的整体盈利有多薄？国际航协 （IATA）有个令人咋舌的比喻：苹果公司卖一个iPhone手机壳，都 比航空公司运一名客人赚得多——后者平均利润只有7.9美元。 薄利是全球航空业的共同现实，而对于刚走出多年亏损阴影的中国航司巨头来说，挑战显得尤其严峻。 2020年至2024年，国航、东航和南航累计亏损高达2064亿元。直到今年三季度末，三大航才终于"咸鱼 翻身"，前三季度合计盈利62.8亿元。 但全年下来能否盈利？仍然存在变数。 环球旅讯特约评论员高思伟指出，今年前三季度的整体盈利，很大程度上依赖第三季度的强劲表现，其 实是"用Q3旺势，填平Q1和Q2的亏损"。 2025年暑运期间，全国民航平均客座率达到约84.8%的高位，反映出旺季国内出行需求强劲。 在这一背 景下，国内航线的市场定价能力有所修复，高峰时段主要干线的票价也呈现一定支撑。 也正因为如此，三季度的盈利更像一次"结构性修复"，而非单点运气。 其中，国内市场的作用并不在于创造高利润率，而在于通过高客座率和规模化运行，在旺季阶段形成了 可留存的现金流与利润基础。 真正的考验，集中在第 ...

北京商报讯（记者 关子辰 牛清妍）12月26日，首都机场举办航旅嘉年华活动。北京商报记者从活动上获悉，首都机场今年的旅客量预计达到7000万人次， 航班量43万架次。 发布会上，北京市文旅局以及黑龙江机场、吉林机场、河北机场的推介官分别介绍了当地冰雪旅游资源及线路，国航向观众推介了"国航+"产品。 此外，首都机场与中旅旅行即将于新年后在3号航站楼国际到达区域共建入境游服务柜台，整合酒店预订、旅游用车、入境游产品预订等核心功能，为国际 中转及入境旅客提供全面优质的服务。 本次首都机场航旅嘉年华以"冰雪游"和"入境游"为主题。12月26日至28日，首都机场集团成员单位、首都机场驻场中外航空公司、在线商旅平台等近40家单 位联合推出了航旅市集，旅客可参与盲盒抽奖、打卡集章以及"豆汁挑战赛"等活动。 截至目前，首都机场航线网络已经覆盖57个国家的225个航点，其中国际及地区航点97个，洲际航点已增加至52个位列全国第一。首都机场联合航空公司开 通或加频马累、奥斯陆、金边、莫斯科等多条国际航线。 首都机场新升级"中转助手"和"入境助手"服务团队，为中转旅客提供"登机口到登机口"一对一陪同服务，为入境旅客提供现场引导与咨 ...

虹桥机场在隔离区内设置了专属服务点位，如旅客在隔离区内发出签转申请，机场相关保障单位将提供 跨航司行李签转服务，实现行李同步签转的无缝衔接。沪渝快线跨航司自愿签转服务推出后，虹桥机场 成为国内唯一同时在京沪、沪深、沪渝三大枢纽航线上实现跨航司签转的机场，"虹桥快线"服务范围进 一步拓展，为跨航司协同合作搭建了更加广阔的平台，机场、航司共同携手提升旅客航空出行服务体 验。 据悉，虹桥机场沪渝快线当前日均计划往返航班量达到32班，2025年预计运输旅客超183万人次。（编 辑：许浩存 校对：陈虹莹 审核：程凌） 《中国民航报》、中国民航网 记者钱擘 通讯员尚机轩 报道：12月22日，虹桥机场的沪渝快线跨航司自 愿签转服务上线，并在国内机场首次实现隔离区内、有托运行李的跨航司签转，更好满足长三角与成渝 地区间商务及高频出行旅客的航空出行需求。 这一服务是在民航局运输司、民航华东地区管理局、民航西南地区管理局指导下，上海虹桥机场、重庆 江北机场联合东航、国航、吉祥航、厦航共同推出的。 乘坐东航、国航、厦航或吉祥航承运的"上海虹桥—重庆江北"航班，且购买经济舱6折（含）以上舱位 （含超级经济舱、公务舱，限同物理舱位等级 ...