| 代码 | 名称 | 最新价 涨跌幅 v | | --- | --- | --- | | 00670 | 中国东方航空股 | 5.330 4.92% | | 01055 | 中国南方航空股 | 5.830 4.48% | | 00753 | 中国国航 | 7.120 4.09% | 港股频道更多独家策划、专家专栏，免费查阅>> 12月31日，港股三大航空拉升走强，其中，中国东方航空涨约5%，中国南方航空、中国国航均涨超 4%。 消息上，2026年元旦假期临近(1月1日-3日)，消费者出行意愿显著提升。数据显示，北京、天津、上海 等城市飞往三亚、海口、昆明、广州、长白山及哈尔滨等热门目的地的机票预订量环比大幅增长。截至 12月25日，国内航线机票预订量已突破271万张，同比大增35%。 中泰证券指出，元旦假期灵活拼假模式(如"3天假+2天调休")将延长出行周期，叠加原油价格破位下 行、人民币升值利好，航空业量价修复预期明确。该机构认为，短期航空板块投资价值凸显，基本面积 极变化有望驱动股价上行。 责任编辑：栎树 ...

港股三大航空拉升走强，中国东方航空涨约5%，中国南方航空、中国国航均涨超4%。 ...

每经AI快讯，12月31日，港股三大航空拉升走强，中国东方航空涨约5%，中国南方航空、中国国航均 涨超4%。 ...

Group 1 - The core viewpoint of the news is that the Hong Kong aviation sector is experiencing a significant rally, with major airlines like China Eastern Airlines, China Southern Airlines, and Air China seeing substantial stock price increases due to rising consumer travel demand ahead of the New Year holiday [1] - As of December 25, domestic flight ticket bookings have exceeded 2.71 million, representing a year-on-year increase of 35% [1] - The flexible holiday arrangements for the New Year, combined with declining oil prices and the appreciation of the Renminbi, are expected to enhance the recovery of the aviation industry, making it an attractive investment opportunity in the short term [1] Group 2 - China Eastern Airlines stock rose approximately 5% to a latest price of 5.330 [2] - China Southern Airlines stock increased over 4% to a latest price of 5.830 [2] - Air China stock also saw a rise of over 4% to a latest price of 7.120 [2]

每经AI快讯，12月31日，机场航运板块盘中走强，中国东航涨超3%，南方航空、华夏航空涨超2%，中 国国航、海南机场、海航控股等跟涨。 每日经济新闻 ...

消息面上，据中国民航报，2026年元旦3天连休，激发了文旅消费市场的巨大潜力，民航出行需求呈显 著增长态势。航旅纵横数据显示，截至12月17日，元旦假期国内航线机票预订量超176万张，同比增长 约46%；出入境航线机票预订量超62万张，同比增长约18%。国泰海通证券认为，旺季表现将是行业重 要催化剂，持续基本面正反馈有望催化市场对航空长逻辑演绎的乐观预期。2026年元旦假期前后拼假效 应显著，长假将保障航空出游旺盛，预计量价同比将有显著上升。 （原标题：港股异动 | 三大航集体走高 元旦假期航空出游旺盛 油汇改善有利航司释放业绩） 智通财经APP获悉，三大航集体走高，截至发稿，中国国航(00753)涨3.65%，报7.09港元；东方航空 (00670)涨3.35%，报5.25港元；南方航空(01055)涨3.23%，报5.76港元。 值得一提的是，12月30日，人民币继续了此前的升值态势，在离岸市场12月25日升破"7"后，人民币对 美元即期汇率走强并升破"7"关口，这是2024年10月以来首次升破这一整数关口。国信证券认为，2026 年我国航空票价有望实现企稳回升，此外油价下行以及人民币升值均有利于航司释放 ...

消息面上，据中国民航报，2026年元旦3天连休，激发了文旅消费市场的巨大潜力，民航出行需求呈显 著增长态势。航旅纵横数据显示，截至12月17日，元旦假期国内航线机票预订量超176万张，同比增长 约46%；出入境航线机票预订量超62万张，同比增长约18%。国泰海通证券认为，旺季表现将是行业重 要催化剂，持续基本面正反馈有望催化市场对航空长逻辑演绎的乐观预期。2026年元旦假期前后拼假效 应显著，长假将保障航空出游旺盛，预计量价同比将有显著上升。 三大航集体走高，截至发稿，中国国航（601111）(00753)涨3.65%，报7.09港元；东方航空(00670)涨 3.35%，报5.25港元；南方航空（600029）(01055)涨3.23%，报5.76港元。 值得一提的是，12月30日，人民币继续了此前的升值态势，在离岸市场12月25日升破"7"后，人民币对 美元即期汇率走强并升破"7"关口，这是2024年10月以来首次升破这一整数关口。国信证券认为，2026 年我国航空票价有望实现企稳回升，此外油价下行以及人民币升值均有利于航司释放业绩，因此该行认 为未来国内经济回暖后航空业绩具有较大的弹性空间。 ...

Core Insights - The Hainan Free Trade Port has officially launched its full island closure, leading to a significant milestone where the annual passenger throughput of Hainan's three major airports has surpassed 50 million for the first time, highlighting the strong vitality of the free trade port's openness [1] Group 1: Hainan Airlines - Hainan Airlines views the 50 million passenger milestone as a strong indication of the aviation market potential in the free trade port, planning to leverage this opportunity to enhance its role as a key player in air transport [2] - The airline has established a dual system of "Premium Express" and "Free Trade Port Express" routes, connecting major cities and enhancing efficiency between Hainan and key economic regions [2] - Hainan Airlines operates 27 international and regional routes, promoting a seamless travel experience for over 105,000 passengers through its services [2] Group 2: China Southern Airlines - China Southern Airlines sees the 50 million passenger milestone as both a result of Hainan's civil aviation development and a driving force for its own growth in the free trade port [3] - The airline is focused on optimizing its route network and enhancing its business express services to better connect Hainan with the world [3] - Currently, China Southern Airlines operates 29 routes from Haikou and 26 from Sanya, providing robust support for the free trade port's connectivity [3] Group 3: Russian Airlines - Russian Airlines expresses excitement over the 50 million passenger milestone, planning to launch new routes from Moscow to Sanya and expand its network to include additional destinations by 2025 [4][5] - The airline operates 11 cross-border routes, contributing significantly to the influx of tourists into Sanya, with an average seat occupancy rate of over 88% [5] - Russian Airlines aims to further increase flight frequency and optimize its route network to enhance cross-border travel potential between China and Russia [5] Group 4: Industry Overview - Over 70 domestic and international airlines are currently operating passenger and cargo routes in Hainan Free Trade Port, collectively establishing a convenient air passage to domestic and international destinations [5] - The collaboration among various airlines is expected to create a denser route network and improved service quality, contributing to the long-term stability and growth of Hainan's free trade port [5]

Investment Rating - The report assigns an "Overweight" rating for the aviation industry [6]. Core Insights - The Chinese civil aviation industry is expected to continue its recovery in supply and demand in 2025, with a forecasted industry-wide turnaround from losses to profitability [3][6]. - Demand is projected to grow steadily, with an estimated 5-6% increase in passenger traffic in 2025, including a 4% rise in domestic routes and over 20% in international routes [6][10]. - The supply side is entering a low growth phase, with a projected 3.7% increase in the fleet size of seven A-share airlines by November 2025 compared to the end of 2024 [6][19]. - The passenger load factor is expected to reach a historical high of 85%, an increase of 1.8 percentage points year-on-year [6][22]. - Ticket prices remain at historically low levels, with domestic ticket prices estimated to decrease by 2-3% year-on-year in 2025 [6][25]. - The industry is anticipated to significantly reduce losses and turn profitable in 2025, with quarterly performance showing improvements in profitability [6]. Summary by Sections Demand and Supply - Passenger traffic is expected to grow by 5-6% in 2025, with domestic routes increasing by 4% and international routes by over 20% [6][10]. - The industry is entering a low growth phase, with a projected 6% increase in available seat kilometers (ASK) [6][19]. Load Factor and Pricing - The passenger load factor is projected to increase by 1.8 percentage points to 85% [6][22]. - Domestic ticket prices are estimated to decrease by 2-3% year-on-year, while international ticket prices may see significant increases in the latter half of the year due to strong inbound demand [6][25]. Profitability Outlook - The industry is expected to turn profitable in 2025, with significant reductions in losses anticipated throughout the year [6]. - Quarterly performance indicates that the first quarter may see limited profit improvement due to high base effects, while the second quarter is expected to show substantial recovery [6].

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 来源：民航故事汇 在深航和山航发年终奖之后，详见：深航、山航发年终奖了 国航也发了，整体和2024年差不多。 2024年国航的年终奖是这样发的： 飞行700小时左右的飞行员5万左右 商委非一线员工1.8万左右 地服差不多1到1.5万左右，主要看工资档和绩效档 厦航也发了，比去年发的多。 有个小伙伴说多了几千块，据说后面还有。 2024年厦航的年终奖是这样发的： 空乘：乘务员1.2万左右，乘务长2万左右 南航应该明天发，去年是3A奖，今年是五好奖，换个名义，钱差不多。 机务：航线技师中位数3万左右 羡慕央企国企，希望民营航司也争口气。赚钱的多发点，让员工过个好节！ 地面岗应该1万至3万不等，副驾也差不多这个数 往期文章回顾： 旗下的航司也发了，应该会少一点 国货航，第四个领导被查！ 旗下北方子航司职能部门员工1万出头，中级专员1万5左右 刚刚，东航发"年终奖" 山航，客服的问题？ 这个"机长"，求鉴定！ 东航，增加员工福利 海航旗下这家航司，退出历史？ 深圳机场，叶滨、陈智文．．．． 这．．．也能投诉国航空姐？ 长龙航空，愿赔100元 责 ...