2025年10月，本集团共引进4架A320系列飞机和1架B737系列飞机，退出1架A330系列飞机和1架A320系 列飞机。截至2025年10月底，本集团合计运营949架飞机，其中自有飞机417架，融资租赁238架，经营 租赁294架。 货运方面，货运运力投入（按可用货运吨公里计）同比下降0.9%，货邮周转量（按收入货运吨公里 计）同比上升3.1%。货运载运率为38.9%，同比上升1.5个百分点。 2025年10月26日起，国航新增执行杭州-河内航线（每周四班），北京首都-攀枝花航线（每周四班）， 北京首都-西双版纳航线（每周七班），杭州-珠海航线（每周七班），成都天府-武汉-衢州航线（每周 七班），呼和浩特-银川-成都天府航线（每周七班），杭州-呼和浩特-乌兰浩特航线（每周七班）。 格隆汇11月17日丨中国国航(601111.SH)公布，2025年10月，公司及所属子公司（简称"本集团"）合并旅 客周转量（按收入客公里计）同比上升。客运运力投入（按可用座位公里计）同比上升4.3%，旅客周 转量同比上升8.7%。其中，国内客运运力投入同比上升3.2%，旅客周转量同比上升5.5%；国际客运运 力投入同比上升7. ...

人民财讯11月17日电，中国国航（601111）11月17日公告，2025年10月，公司及所属子公司(简称"本集 团")合并旅客周转量(按收入客公里计)同比上升。客运运力投入(按可用座位公里计)同比上升4.3%，旅 客周转量同比上升8.7%。其中，国内客运运力投入同比上升3.2%，旅客周转量同比上升5.5%；国际客 运运力投入同比上升7.5%，旅客周转量同比上升17.6%；地区客运运力投入同比上升0.6%，旅客周转量 同比上升7.7%。平均客座率85.3%，同比上升3.4个百分点。其中，国内航线同比上升2.0个百分点，国 际航线同比上升7.0个百分点，地区航线同比上升5.0个百分点。货运方面，货运运力投入(按可用货运吨 公里计)同比下降0.9%，货邮周转量(按收入货运吨公里计)同比上升3.1%。货运载运率为38.9%，同比上 升1.5个百分点。 ...

中国国航公告，2025年10月，本集团合并旅客周转量（按收入客公里计）同比上升。客运运力投入（按 可用座位公里计）同比上升4.3%，旅客周转量同比上升8.7%。其中，国内客运运力投入同比上升 3.2%，旅客周转量同比上升5.5%；国际客运运力投入同比上升7.5%，旅客周转量同比上升17.6%；地区 客运运力投入同比上升0.6%，旅客周转量同比上升7.7%。平均客座率85.3%，同比上升3.4个百分点。其 中，国内航线同比上升2.0个百分点，国际航线同比上升7.0个百分点，地区航线同比上升5.0个百分点。 货运运力投入（按可用货运吨公里计）同比下降0.9%，货邮周转量（按收入货运吨公里计）同比上升 3.1%。货运载运率为38.9%，同比上升1.5个百分点。 ...

Core Viewpoint - The airline stocks have collectively opened lower due to a significant decline in flight volumes to Japan following travel advisories from the Chinese government [1] Group 1: Stock Performance - China Eastern Airlines (00670) dropped by 3.47%, trading at HKD 4.45 [1] - Air China (601111) (00753) fell by 2.92%, trading at HKD 6.31 [1] - China Southern Airlines (600029) (01055) decreased by 2.62%, trading at HKD 5.20 [1] Group 2: Travel Advisory Impact - On November 14, the Chinese Ministry of Foreign Affairs and the Chinese consulate in Japan advised citizens to avoid traveling to Japan [1] - Following this advisory, several airlines, including Air China, China Southern Airlines, and China Eastern Airlines, announced free ticket refunds and changes for flights to Japan scheduled before December 31 [1] Group 3: Flight Volume Decline - According to data from Flight Manager, the weekly flight volume from mainland China to Japan has significantly decreased, with 1,189 flights recorded in the 45th week (November 3-9), representing an 82.9% recovery rate compared to the same period in 2019 [1] - This figure reflects a 14.5% decrease compared to the 40th week [1] - A market department representative from an airline indicated that further reductions in flights to Japan are likely, with capacity being adjusted to other routes [1]

每经AI快讯，航空股集体低开，截至发稿，东方航空(00670.HK)跌3.47%，报4.45港元；中国国航 (00753.HK)跌2.92%，报6.31港元；南方航空(01055.HK)跌2.62%，报5.2港元。 ...

Group 1 - The core viewpoint of the news highlights a significant decline in Hong Kong airline stocks, with major players like Air China and China Southern Airlines experiencing notable drops in their stock prices [1] - On November 14, the Chinese Ministry of Foreign Affairs and the Chinese consulate in Japan issued a serious reminder regarding Chinese citizens traveling to Japan, leading to several airlines, including Air China, China Southern Airlines, and China Eastern Airlines, announcing special handling plans for tickets related to Japan routes [1] - The weekly flight volume from mainland China to Japan has significantly decreased, with data showing a total of 1,189 flights in the 45th week (November 3-9), representing a recovery rate of 82.9% compared to the same period in 2019, which is a 14.5% decrease from the 40th week [1] Group 2 - Specific stock performance data indicates that Air China saw a decline of 2.46%, China Southern Airlines dropped by 1.69%, and China Eastern Airlines fell by 0.87% [2] - Other airlines such as Cathay Pacific and Meilan Airport also reported minor declines in their stock prices, with Cathay Pacific down by 0.66% and Meilan Airport down by 0.19% [2] - The overall trend reflects a bearish sentiment in the airline sector, particularly concerning routes to Japan, as indicated by the stock price movements of these companies [2]

关于港股后市 华鑫证券表示，近期港股调整幅度相对较大，估值也相对更合理，进一步回调的空间有限。虽然年末风 险偏好不会过高，意味着没有全面行情，但2026年确定性高景气板块仍会震荡向上。预计流动性有望缓 解，资金面信号显示外资交易盘开始重回港股，有望进入左侧布局春节前行情。 招商香港表示，港股在经历10月盘整后，悲观预期逐步出清。该机构认为，随着供需格局改善，中国经 济周期有望迎来景气拐点。科技产业的资本开支和研发投入将逐步转化为企业盈利，成为新的增长引 擎。而在美联储降息周期开启且结束QT缩表，中美政策"双宽松"共振，南向资金和外资将持续流入。 未来基本面改善，盈利预期上修叠加估值修复将驱动港股中长期上行，呈现慢牛趋势。 恒生指数低开0.49%，恒生科技指数跌0.71%。携程集团跌超4%，中国东方航空股份跌超3%，中国国航 跌近3%。 广发证券表示，港股可能再次迎来布局良机。如果后续美国政府停摆结束、美联储12月降息表态重新转 鸽、美联储停止缩表甚至重启扩表，美元流动性得到缓解，港股可能会出现新一轮上涨。配置上，11月 基本面驱动效应强，仍然采用杠铃策略，以红利为底仓，科技成长博弹性。广发证券称，港股牛市的基 ...

智通财经APP获悉，航空股集体低开，截至发稿，东方航空(00670)跌3.47%，报4.45港元；中国国航 (00753)跌2.92%，报6.31港元；南方航空(01055)跌2.62%，报5.2港元。 消息面上，11月14日，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、南航、东航等多家航司发出通知，对于出行日期在12月31日之前且符合相关条件的涉及日本航线客 票，可免费退改。 据大河报报道，中国大陆-日本周度航班量已大幅下滑，据航班管家数据，第45周(11.03-11.09)周航班量 1189班次，恢复率较2019年同期为82.9%，环比第40周下降14.5%。某航司市场部人士表示：在外交部 发布最新通告以及航司发布中日航线免费退改签政策后，航司或将进一步减少赴日航班，将运力调整至 其他航线。 ...

Group 1 - The Ministry of Culture and Tourism of China advises tourists to avoid traveling to Japan due to rising safety concerns and criminal cases targeting Chinese citizens [2][3] - The Ministry of Education issues a warning for students studying in Japan, highlighting the deteriorating security situation and urging them to enhance their safety awareness [2][3] Group 2 - A new AI-based scam is emerging in the e-commerce sector, where consumers use AI tools to create fake defect images to claim refunds for low-cost items [2][3] - Reports indicate that this scam has developed into a more systematic gray industry, with individuals offering training on how to execute these refund tricks for a fee [7][8] Group 3 - Tim Cook may step down as CEO of Apple as early as next year, with John Ternus being the likely successor [3] - Apple plans to change its iPhone release strategy starting in 2026, moving to a spring and fall release schedule instead of the traditional fall-only launch [9] Group 4 - Samsung announces a significant investment of 450 trillion KRW in South Korea over the next five years, focusing on semiconductor expansion and job creation [9] - Multiple airlines, including Air China and China Southern Airlines, have announced free cancellation and modification policies for tickets related to Japan due to safety concerns [11] Group 5 - Xiaomi's CEO Lei Jun defends the company's design philosophy for its vehicles, emphasizing that aesthetics and safety are not mutually exclusive [8] - Several smartphone manufacturers, including Xiaomi and OPPO, are delaying storage chip purchases due to soaring prices, with some facing inventory shortages [12] Group 6 - Berkshire Hathaway's latest 13F report reveals that Warren Buffett has significantly reduced his stake in Apple, while increasing his investment in Alphabet [16] - The establishment of the first financial asset investment company by a joint-stock bank in China aims to support the optimization of capital structures for tech and private enterprises [11]

Core Viewpoint - Chinese airlines, including China Southern Airlines, Air China, and China Eastern Airlines, have announced special handling procedures for tickets related to flights to Japan due to recent travel advisories from the Ministry of Foreign Affairs [1][22]. Group 1: China Southern Airlines (CSN) - Applicable tickets include those purchased or exchanged before November 15, 2025, for flights to and from Japan between November 15, 2025, and December 31, 2025 [2]. - Ticket change rules allow for the first change to a flight on the same route without a change fee, with fare differences applicable [2]. - Refunds can be requested without a refund fee within the ticket validity period [3]. Group 2: Air China (CA) - Applicable conditions for tickets include those purchased before November 15, 2025, for flights to specific Japanese cities during the same travel window [7]. - Ticket change rules permit the first change without a fee, but fare differences will apply, and subsequent changes must follow ticket conditions [10]. - Refunds can be processed without a fee for unused segments within the ticket validity period [10]. Group 3: China Eastern Airlines (CES) - Applicable tickets include those issued before November 15, 2025, for flights involving Japan during the specified travel dates [13]. - Ticket change policies allow for one free change if made within three days before or after the original flight [17]. - Refunds for unused segments can be processed without a fee, with conditions applying for previously changed tickets [17].