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 ...

Group 1 - Multiple airlines, including Air China, Eastern Airlines, and Southern Airlines, announced special handling policies for tickets related to flights to Japan, effective until January 26, 2026 [1][2] - Air China allows for one free change of tickets purchased before January 26, 2026, for travel dates between March 29, 2026, and October 24, 2026, with no change fee for the first change [1] - Eastern Airlines permits free changes for flights within three days before or after the original flight, with conditions for subsequent changes [2] Group 2 - The collective announcement extends the free cancellation and change policy for Japan routes through the summer and autumn seasons of 2026 [2] - Reports indicate that over 40% of planned flights from China to Japan in December 2025 were canceled, reflecting a significant reduction in travel demand [4] - The number of Chinese tourists visiting Japan in December 2025 dropped by 45.3% year-on-year, with a notable decline in shopping and consumption in Japanese department stores [3][4]

Core Viewpoint - China Southern Airlines will launch a direct flight route from Beijing Daxing to Helsinki, Finland, on March 29, 2026, marking its first service to Finland and Daxing Airport's first direct route to Northern Europe [1][5]. Group 1: Route Details - The initial operation will feature three flights per week on Tuesdays, Thursdays, and Sundays, increasing to daily flights starting June 20 [1]. - Flight CZ8171 will depart from Beijing Daxing at 14:45 and arrive in Helsinki at 18:35, while return flight CZ8172 will leave Helsinki at 20:35 and arrive back in Beijing at 09:45 the next day [3]. Group 2: Strategic Importance - The opening of this route is significant for Daxing Airport's international network expansion, enhancing its connectivity and solidifying its role as a key driver of national development [9]. - Helsinki serves as a major aviation hub and is expected to cater to both business and leisure travel demands, facilitating connections to other major cities in Northern Europe [5][9]. Group 3: Bilateral Relations - Finland was one of the first Western countries to recognize and establish diplomatic relations with New China, and the partnership between China and Finland continues to deepen across various sectors [7]. - Trade between China and Nordic countries is on the rise, with China becoming an increasingly important market for Finnish companies [7].

北京商报讯（记者 关子辰 牛清妍）1月26日，记者从南航获悉，即日起，南航联合广州白云国际机场，在广州始发的所有国内航班上推出"一刻登机"服务。 值得留意的是，"一刻登机"服务覆盖的航线，对于有行李托运的旅客，托运行李截止办理时间仍为航班起飞前30分钟。针对没有行李托运的旅客，该服务取 消了值机柜台停止办理手续（值机截载）的时间要求，旅客只需在航班登机口关闭前（即航班计划起飞时刻之前15分钟）完成值机、安检及登机即可。对于 轮椅旅客、行动不便旅客、首次乘机旅客等有特殊服务需求的群体，南航建议预留足够的乘机时间。南航也为特殊旅客群体设置了服务专区，减少旅客等候 时间。 除了航线的拓宽外，南航通过官方App上线机场航站楼内导航功能，覆盖值机柜台、安检通道、登机口、行李转盘、到达出口及机场商圈全场景的导航，为 出行旅客自动生成最优通行路线，并能跟随旅客位置变化实时更新导航指引，以此支持"一刻登机"服务。 据了解，"一刻登机"服务打破国内民航业普遍提前30至40分钟关闭值机柜台的惯例，减少传统值机截载时间对旅客改签的限制，进一步把时间留给旅客。 ...

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].

1月25日，据中国南方航空消息，南航计划自3月21日起将广州-伊斯坦布尔航线从每周3个往返航班加密 至每周7个往返航班，实现每日均有航班，并将于3月30日起继续加密至每周10个往返航班。南航除在广 州-伊斯坦布尔航线增班外，还计划在北京大兴、乌鲁木齐至伊斯坦布尔航线上增加频次，届时每周航 班量预计会达到17个。此前，南航已开通广州、北京大兴和乌鲁木齐至伊斯坦布尔的直飞航线。 ...

Core Viewpoint - Shijiazhuang Zhengding International Airport is enhancing its flight network in preparation for the 2026 Spring Festival travel season, focusing on increasing capacity for key routes to meet passenger demand for travel to popular cities and family reunions [1][2]. Group 1: Flight Network Optimization - The airport has added new direct flights from Shijiazhuang to Fuzhou, with a daily flight schedule, increasing the frequency to a maximum of 4 flights per day [1]. - Starting February 2, Spring Airlines will increase the Shijiazhuang-Changchun route to 5 flights per week, with a maximum of 6 flights per day after the new schedule [2]. - China Southern Airlines will also enhance the Shijiazhuang-Guangzhou route by adding early and late flights, raising the total to 8 flights per day, which provides better coverage for different travel times [2]. Group 2: Additional Route Enhancements - Other airlines are set to increase flights to key hub cities such as Chengdu, Nanning, Shenyang, Dalian, Ningbo, Xiamen, and Yinchuan, offering more options for returning travelers and efficient routes for business travelers [2]. - During the Spring Festival, the maximum number of flights from Shijiazhuang to Chengdu will reach 11, with 7 flights to Shanghai, 6 to Harbin, and 5 to Xiamen, enhancing travel convenience and flexibility for passengers [2]. Group 3: Future Plans - The airport will continue to monitor changes in travel demand during the Spring Festival and work with airlines to optimize flight capacity and improve service measures for a smoother travel experience [3].

Investment Rating - The report maintains a positive outlook on the shipping industry, recommending companies such as China Merchants Energy and COSCO Shipping Energy [3]. Core Insights - The report highlights a significant increase in charter rates for VLCCs, which rose by 4.62% to $62,250 per day, and Cape rates increased by 5.37% to $26,475 per day, indicating a strong correlation between commodity prices and shipping rates [3]. - New ship prices are rising alongside second-hand ship prices, with the new ship composite index increasing by 0.07 to 184.76 points, suggesting a favorable market for shipbuilders [3]. - The report emphasizes the resilience of the shipping market, particularly in oil and bulk shipping, with expectations of continued demand driven by geopolitical factors and commodity price fluctuations [3]. Summary by Sections Shipping Market Performance - The shipping index increased by 1.76%, outperforming the CSI 300 index by 2.38 percentage points [4]. - The coastal dry bulk freight index in China rose by 0.84%, while the Shanghai export container freight index fell by 7.39% [4]. Oil Shipping - VLCC rates are currently around $100,000 per day, with a recent decline of 11% in average rates to $105,090 per day, indicating potential volatility in the market [3]. - The report notes that while VLCC rates may adjust, smaller oil tanker rates remain supported due to high demand [3]. Dry Bulk Shipping - The report indicates a rebound in dry bulk rates, particularly driven by increased grain exports from South America, with the BDI index recording a 12.4% increase [3]. - Capesize rates increased by 16.1%, reflecting strong demand in the Pacific market [3]. Container Shipping - The report observes a seasonal decline in container shipping rates as the peak season ends, with the SCFI index dropping by 7.4% [3]. - The resumption of services in the Red Sea has been noted, but the market remains cautious due to geopolitical uncertainties [3]. Air Transportation - The report highlights a significant supply constraint in aircraft manufacturing, with an aging fleet and increasing passenger demand expected to enhance airline profitability [3]. - Airlines are recommended for investment due to their strong demand elasticity and potential for significant earnings growth [3]. Logistics and Express Delivery - The report anticipates a concentration of market share and profits among leading express delivery companies, with a focus on ZTO Express and YTO Express [3]. - The logistics sector shows resilience, with steady growth in freight volumes reported [3].

新京报贝壳财经讯 1月24日，南方航空发布公告，公司召开六届二次职工代表大会全体会议，选举张弢 为公司第十届董事会职工董事，任期与本公司第十届董事会任期一致。 编辑 王真真 校对 卢茜 资料显示，张弢出生于1973年2月，于1995年7月参加工作后，曾先后在贵州省机场集团有限公司、贵州 航空有限公司等担任职务；2017年9月起，张弢在中国南方航空股份有限公司广州飞行部担任党委书 记、副总经理等职务。此次任命前，张弢在中国南方航空集团有限公司担任工会主席、职工董事、组织 人事部部长，在中国南方航空股份有限公司担任工会主席、组织人事部部长职务。 ...

Group 1 - The core viewpoint of the articles highlights the continuous development of the Xi'an Xianyang International Airport as a crucial aviation hub in the Silk Road Economic Belt, with new domestic and international routes being established to enhance regional economic and cultural exchanges [1][2][3] Group 2 - On January 13, a new direct flight route from Xi'an to Korla was launched, significantly improving travel convenience and promoting tourism and trade between the two regions [1] - A new direct flight from Xi'an to Jiaxing commenced on January 16, reducing travel time and facilitating business negotiations and tourism between the two cities [1] - From January 17 to March 28, China Southern Airlines will increase the frequency of flights from Xi'an to Almaty, enhancing international connectivity and serving as a transit hub for outbound travel [2] - In 2025, Xi'an Xianyang International Airport achieved a passenger throughput of 48.54 million, a year-on-year increase of 3.2%, and opened 60 new international routes, transporting nearly 2 million passengers, marking a 50.7% increase [2] - The airport's cargo and mail throughput grew by over 15% in 2025, with new land-air intermodal services being introduced to enhance logistics efficiency [3] - Future plans include increasing existing routes and launching new ones to destinations such as Athens and Abu Dhabi, aiming to establish Xi'an as a core aviation hub for regional economic development [3]