Group 1 - Hong Kong aviation stocks experienced significant declines, with China National Aviation falling nearly 7%, China Eastern Airlines down nearly 5%, and China Southern Airlines dropping over 3% [1] - In July, listed airlines reported a 2.3% year-on-year increase in domestic route capacity, with a 20.5% month-on-month increase compared to June [1] - The overall passenger load factor for listed companies in July improved by approximately 0.6 percentage points year-on-year, but decreased by 1.0 percentage points month-on-month [1] Group 2 - Despite the peak season, the growth in passenger load factor in July was limited, indicating that demand may be weaker than airlines' expectations [1] - Boeing is reportedly moving closer to finalizing a deal with China to sell up to 500 aircraft, with ongoing discussions about complex sales terms including model, quantity, and delivery schedule [1]

Group 1 - Hong Kong aviation stocks experienced significant declines, with China National Aviation falling nearly 7%, China Eastern Airlines down nearly 5%, and China Southern Airlines dropping over 3% [1] - In July, listed airlines reported a 2.3% year-on-year increase in domestic route capacity, with a 20.5% month-on-month increase compared to June [1] - The overall passenger load factor for listed companies in July improved by approximately 0.6 percentage points year-on-year, but decreased by 1.0 percentage points month-on-month [1] Group 2 - Despite the peak season, the growth in passenger load factor for July was limited, indicating that demand may be weaker than airlines' expectations [1] - Boeing is reportedly moving closer to finalizing a deal with China for the sale of up to 500 aircraft, with ongoing discussions regarding complex sales terms including model, quantity, and delivery schedule [1]

智通财经获悉，航空股跌幅居前，截至发稿，中国国航(00753)跌5.31%，报5.17港元；东方航空(00670) 跌4.09%，报3.05港元；南方航空(01055)跌3.28%，报3.83港元；首都机场(00694)跌1.3%，报3.04港元。 华泰证券指出，8月14日中国航协发布《中国航空运输协会航空客运自律公约》，或反应行业改善经营 环境的意愿。该行认为《公约》虽无法起到强制作用，但或可边际改善航司经营环境。整体来看旺季或 由于公商务出行需求不足，行业景气度仍处底部有待提高。不过若行业收益管理边际转向追求量价平 衡，航司收益水平即有望获得改善。 本文源自：智通财经网 消息面上，上市航司发布7月运营数据。东兴证券指出，7月上市公司国内航线运力投放同比提升 2.3%，环比6月提升约20.5%。行业进入旺季，运力投放环比提升较为明显，但从同比角度考虑，增速 并不算很高。客座率方面，7月上市公司整体客座率较去年同期提升约0.6pct，但环比6月则下降1.0pct。 今年年初以来航司客座率整体高于去年同期，但7月旺季客座率增幅收窄至0.6pct，叠加旺季客座率反而 环比走低，说明今年旺季需求端或弱于航司的预期。 ...

Group 1 - Airline stocks experienced significant declines, with China National Aviation (601111) down 5.31% to HKD 5.17, Eastern Airlines (00670) down 4.09% to HKD 3.05, Southern Airlines (600029) down 3.28% to HKD 3.83, and Capital Airport (00694) down 1.3% to HKD 3.04 [1] - In July, listed airlines reported a 2.3% year-on-year increase in domestic route capacity, with a 20.5% month-on-month increase compared to June. However, the year-on-year growth rate is considered low [1] - The overall passenger load factor for listed airlines in July improved by approximately 0.6 percentage points year-on-year, but decreased by 1.0 percentage points month-on-month compared to June. This indicates that the demand during the peak season may be weaker than expected [1] Group 2 - Huatai Securities noted that the China Air Transport Association released the "Self-Discipline Convention for Air Passenger Transport" on August 14, reflecting the industry's intention to improve the operating environment. Although the convention is not mandatory, it may marginally enhance the operating conditions for airlines [2] - The overall industry remains at a low level of prosperity, primarily due to insufficient demand for business travel during the peak season. However, if the industry shifts its revenue management towards balancing volume and price, airlines' revenue levels may improve [2]

华泰证券指出，8月14日中国航协发布《中国航空运输协会航空客运自律公约》，或反应行业改善经营 环境的意愿。该行认为《公约》虽无法起到强制作用，但或可边际改善航司经营环境。整体来看旺季或 由于公商务出行需求不足，行业景气度仍处底部有待提高。不过若行业收益管理边际转向追求量价平 衡，航司收益水平即有望获得改善。 智通财经APP获悉，航空股跌幅居前，截至发稿，中国国航(00753)跌5.31%，报5.17港元；东方航空 (00670)跌4.09%，报3.05港元；南方航空(01055)跌3.28%，报3.83港元；首都机场(00694)跌1.3%，报3.04 港元。 消息面上，上市航司发布7月运营数据。东兴证券指出，7月上市公司国内航线运力投放同比提升 2.3%，环比6月提升约20.5%。行业进入旺季，运力投放环比提升较为明显，但从同比角度考虑，增速 并不算很高。客座率方面，7月上市公司整体客座率较去年同期提升约0.6pct，但环比6月则下降1.0pct。 今年年初以来航司客座率整体高于去年同期，但7月旺季客座率增幅收窄至0.6pct，叠加旺季客座率反而 环比走低，说明今年旺季需求端或弱于航司的预期。7月航司的客座 ...

Core Points - China Southern Airlines has launched the "Instant Boarding" service on the Guangzhou to Shanghai Hongqiao route, marking the second pilot route after the Guangzhou to Beijing Daxing route [1][3] - The service eliminates the previous requirement for check-in counters to close 30 minutes before flight departure, allowing passengers without checked luggage to complete security checks and reach the boarding gate 15 minutes before the scheduled departure [1][3] - The airline operates 10 round trips daily on this route, all implementing the "Instant Boarding" service, aimed at optimizing key processes like check-in and baggage sorting to enhance operational efficiency and reduce waiting times for passengers [3] Industry Impact - The introduction of the "Instant Boarding" service is designed to cater to the high proportion of business travelers on the Guangzhou to Shanghai route, providing greater convenience for this demographic [3] - The service is a response to passenger demand, leveraging smart technology upgrades and business transformations to break the traditional practice of closing check-in counters 30 to 40 minutes prior to departure [3] - Future plans include expanding the "Instant Boarding" service to more routes, enhancing travel convenience for last-minute changes, emergency travel, and frequent business trips [3]

#多条航线不用起飞前30分钟值机了##多条航线取消值机截载时间要求#【广州至上海虹桥部分航班可起 飞前15分钟登机】8月20日，南航在上海虹桥一广州往返航线取消此前值机柜台在航班起飞前 30分钟截 载的时间要求，不需要托运行李的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 安检并抵达登机口即可登机。在此之前，南航已取消广州一北京大兴航线值机截载时间要求，海航也取 消海口一北京值机截载时间限制。对于有托运行李的旅客，航班办理行李托运的截载时间仍按机场标准 执行。(第一财经) 转自：贝壳财经 ...

Core Viewpoint - China Southern Airlines (CSA) has launched the "One Minute Boarding" service on the Shanghai Hongqiao to Guangzhou route, allowing passengers without checked luggage to board up to 15 minutes before departure, enhancing travel convenience and efficiency [1][5][7]. Group 1: Service Implementation - The "One Minute Boarding" service is being piloted on the Shanghai Hongqiao to Guangzhou route, following its introduction on the Guangzhou to Beijing Daxing route [1][3]. - This service eliminates the previous requirement for check-in counters to close 30 to 40 minutes before flight departure, providing greater flexibility for passengers [5][7]. Group 2: Operational Efficiency - CSA operates 10 round trips daily on the Shanghai Hongqiao to Guangzhou route, all of which will implement the "One Minute Boarding" service [3]. - The Shanghai branch of CSA aims to optimize key processes such as check-in and baggage sorting to enhance operational efficiency and reduce waiting times for passengers [3]. Group 3: Target Audience - The introduction of the "One Minute Boarding" service is particularly beneficial for business travelers, who represent a significant portion of passengers on this route [3]. - The service caters to travelers needing last-minute changes, emergency trips, or those frequently traveling for business, thus addressing specific passenger needs [5]. Group 4: Limitations - It is important to note that the "One Minute Boarding" service is not available for passengers with checked luggage, who must still adhere to the 30-minute check-in deadline [7].

8月20日，南航在上海虹桥—广州往返航线取消此前值机柜台在航班起飞前30分钟截载的时间要求，不 需要托运行李的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）完成安检并抵达登机 口即可登机。 在此之前，南航已取消广州—北京大兴航线值机截载时间要求，海航也取消海口—北京值机截载时间限 制。 对于有托运行李的旅客，航班办理行李托运的截载时间仍按机场标准执行。 ...

Core Point - The article discusses the expansion of the "one-minute boarding" service by China Southern Airlines (CZ) at Guangzhou Baiyun International Airport, allowing passengers to board flights without the traditional check-in time restrictions [1] Group 1: Service Expansion - Starting from August 20, the "one-minute boarding" service is implemented on flights from Guangzhou to Shanghai Hongqiao, following its initial launch on flights to Beijing Daxing [1] - This service allows passengers without checked luggage to complete security checks and arrive at the boarding gate up to 15 minutes before the scheduled departure time [1] Group 2: Operational Details - There are currently 10 round-trip flights daily between Guangzhou and Shanghai Hongqiao that are participating in the "one-minute boarding" service [1] - The service is particularly beneficial for business travelers, accommodating last-minute changes, urgent travel, and frequent business trips [1] Group 3: Limitations - The "one-minute boarding" service is not available for passengers who need to check in luggage, as the cut-off time for checked baggage remains 30 minutes before departure [1]