Core Viewpoint - The issue of "seat locking" and paid seat selection services by airlines has sparked widespread discussion among consumers, with many reporting that desirable seats in economy class are often locked and require additional fees to select [1] Group 1: Investigation Results - The Jiangsu Provincial Consumer Rights Protection Committee conducted a survey of 10 domestic airlines, including China Southern Airlines, Air China, Hainan Airlines, Xiamen Airlines, Shenzhen Airlines, Shandong Airlines, Sichuan Airlines, Eastern Airlines, Spring Airlines, and Juneyao Airlines [1] - The survey revealed that all 10 airlines engage in seat locking practices, with Xiamen Airlines having a seat locking rate as high as 42.5%, while most airlines reported seat locking rates exceeding 30%, and some even surpassing 50% [1] - The Jiangsu Provincial Consumer Rights Protection Committee has issued clear rectification requirements to the 10 airlines regarding the seat locking issue, demanding written reports on corrective actions within 15 working days [1]

Core Viewpoint - The recent practice of airlines locking seats and charging for seat selection has sparked widespread consumer dissatisfaction, with many feeling that their rights to choose seats are being unfairly restricted [1][19]. Group 1: Consumer Feedback - Many consumers, like Ms. Zhang, have experienced locked seats and expressed frustration over the additional costs required to select preferred seats, which they believe should be included with the purchase of an economy class ticket [3][19]. - The investigation revealed that consumers are often required to use points or pay extra fees to unlock desirable seats, which they feel is an unfair practice [11][13]. Group 2: Investigation Findings - The Jiangsu Provincial Consumer Protection Committee conducted an investigation into 10 domestic airlines, finding that all had locked seats in economy class, with the locking rate ranging from 19.9% to 62.1%, averaging 38.7% [4][5]. - The investigation highlighted that the locked seats are primarily located in the front rows and preferred window or aisle positions, limiting consumer choices to less desirable seats [9][11]. Group 3: Airline Justifications - Airlines have provided various justifications for locking seats, such as reserving them for special passengers or maintaining flight balance, but these reasons have been contradicted by the investigation results showing high locking rates [15][16]. - The lack of a unified standard for seat locking across airlines has led to significant discrepancies in how and why seats are locked [16]. Group 4: Legal and Regulatory Concerns - The practice of locking seats has been deemed to infringe upon multiple consumer rights, including the right to know, the right to choose, and the right to fair trade [19][22]. - Experts have pointed out that airlines' failure to clearly communicate seat selection policies and locking criteria violates consumer protection laws [20][22]. Group 5: Regulatory Actions - The Jiangsu Provincial Consumer Protection Committee has called for the 10 airlines to rectify their practices, specifically addressing the excessive locking of seats and the imposition of fees for seat selection [23][24]. - Airlines are required to ensure transparency in their policies, provide equal selection opportunities for all passengers, and respect consumer rights [27][29].

Core Insights - The article highlights the top and bottom AH premium rates for various stocks as of December 1, with Northeast Electric (00042) leading with a premium rate of 881.82% [1] - The article also lists the stocks with the highest and lowest deviation values, indicating significant discrepancies between their A-shares and H-shares [1] Summary of Top AH Premium Rates - Northeast Electric (00042) has the highest AH premium rate at 881.82%, followed by Hongye Futures (03678) at 274.55% and Sinopec Oilfield Service (01033) at 269.74% [1] - The top ten stocks with high premium rates include Zhejiang Shibao (01057) at 261.98% and Chenming Paper (01812) at 245.83% [1] Summary of Bottom AH Premium Rates - The stocks with the lowest AH premium rates include Ningde Times (03750) at -5.03%, China Merchants Bank (03968) at -1.36%, and Heng Rui Medicine (01276) at 1.50% [1] - Other notable mentions in the bottom list include Weichai Power (02338) at 6.45% and Midea Group (00300) at 7.66% [1] Summary of Deviation Values - The stocks with the highest deviation values are Guanghe Communication (00638) at 31.56%, Dazhong Public Utilities (01635) at 23.38%, and Beijing Jingcheng Machinery Electric (00187) at 20.11% [1] - Conversely, the stocks with the lowest deviation values include Jiangsu Ninghu Expressway (00177) at -13.73%, Junsheng Electronics (00699) at -12.81%, and China Life (02628) at -11.45% [1]

Core Viewpoint - The aviation sector is experiencing a significant rise, driven by strong growth in passenger and cargo transport volumes in October, with expectations for a "super cycle" in Chinese aviation by 2026 [1] Group 1: Stock Performance - China National Aviation (601111) shares rose by 4.27%, reaching HKD 6.6 [1] - China Southern Airlines (600029) shares increased by 2.66%, reaching HKD 5.41 [1] - China Eastern Airlines (00670) shares grew by 2.18%, reaching HKD 4.69 [1] - Capital Airport (00694) shares rose by 1.43%, reaching HKD 2.84 [1] Group 2: Industry Data - In October, China's civil aviation transport scale showed strong growth, with a total transport turnover of 146 billion ton-kilometers [1] - Domestic routes transported 60.845 million passengers, a year-on-year increase of 4.4% [1] - International routes transported 6.99 million passengers, a year-on-year increase of 20.4% [1] - Both international passenger transport and cargo mail transport volumes grew by over 20% year-on-year [1] Group 3: Future Outlook - According to Guotai Junan Securities, the reduction in passenger flow on Japan routes is leading airlines to shift focus, but the long-term logic of an aviation super cycle remains unchanged [1] - The overall performance of airlines is expected to achieve counter-cyclical growth in Q3 2025 despite weaker demand during the summer peak [1] - The industry is projected to significantly reduce losses in Q4 2025, with a full-year turnaround expected in 2025 [1] - The Chinese aviation sector is anticipated to enter a "super cycle," driven by market-driven ticket pricing, steady demand growth, and optimized passenger source structure, leading to an increase in profitability by 2026 [1]

Core Viewpoint - The aviation sector is experiencing a significant rise, with major Chinese airlines showing notable stock price increases, driven by strong growth in passenger and cargo transport volumes in October [1] Group 1: Airline Stock Performance - China National Aviation (00753) increased by 4.27%, reaching HKD 6.6 [1] - China Southern Airlines (01055) rose by 2.66%, reaching HKD 5.41 [1] - China Eastern Airlines (00670) grew by 2.18%, reaching HKD 4.69 [1] - Capital Airport (00694) saw a rise of 1.43%, reaching HKD 2.84 [1] Group 2: Industry Transport Data - In October, China's civil aviation transport scale showed strong growth, completing a total transport turnover of 146 billion ton-kilometers [1] - The international passenger transport volume and cargo mail transport volume both saw year-on-year growth exceeding 20% [1] - Domestic routes carried 60.845 million passengers in October, a year-on-year increase of 4.4% [1] - International routes transported 6.99 million passengers, marking a year-on-year increase of 20.4% [1] Group 3: Future Industry Outlook - Guotai Junan Securities reported that despite a reduction in passenger flow on Japan routes, airlines are expected to shift focus without altering the long-term logic of an aviation super cycle [1] - The overall performance of airlines is projected to achieve counter-cyclical growth in Q3 2025, despite pressures from weakened summer demand [1] - A significant reduction in losses is anticipated in Q4 2025, with the industry expected to turn profitable for the entire year [1] - The Chinese aviation sector is set to enter a "super cycle," driven by market-driven ticket pricing, steady demand growth, and optimized passenger source structure, which will elevate profitability by 2026 [1]

Core Viewpoint - The long-standing and controversial airline "seat locking" phenomenon is expected to undergo rectification following a special investigation by the Jiangsu Provincial Consumer Protection Committee, which has interviewed ten domestic airlines and requested written responses regarding corrective actions [1][5]. Group 1: Investigation Findings - The Jiangsu Provincial Consumer Protection Committee conducted an investigation into the "seat locking" practices of ten major airlines, revealing that the proportion of locked seats during the purchasing phase ranged from 19.9% to 62.1%, with an average of 38.7% [2][3]. - Notably, Spring Airlines' Nanjing-Lanzhou route had a seat locking rate exceeding 60%, while Shenzhen Airlines' Shenzhen-Zhanjiang route exceeded 50% [2][3]. - Other airlines like Hainan Airlines, Eastern Airlines, and Xiamen Airlines had locking rates between 40% and 46%, while Lucky Air had a relatively low rate of less than 20% [2][3]. Group 2: Reasons for Seat Locking - Airlines provided various justifications for seat locking, including reserving seats for special passengers, ensuring emergency seat availability, and maintaining flight load balance [4]. - The investigation identified common issues with the "seat locking" phenomenon, including a lack of clear communication regarding seat locking rules, vague explanations, differential resource allocation based on membership levels, and unilateral rights granted to airlines [4]. Group 3: Consumer Feedback and Reactions - Consumers expressed dissatisfaction with the differentiation of paid and free seating areas in economy class, indicating that such practices increase travel costs and lead to a frustrating experience [6][10]. - Feedback highlighted that many passengers were unaware of the specific rules regarding seat locking, leading to limited seat choices, especially for families traveling together [10][11]. Group 4: Regulatory Actions and Implications - The Jiangsu Provincial Consumer Protection Committee has mandated that the airlines submit written corrective actions within 15 working days, including self-inspections and revisions of unfair terms related to "seat locking" [5][15]. - Legal experts have commented that the "seat locking" practice infringes on consumer rights and may violate consumer protection laws, suggesting that the committee's actions could serve as a model for regulatory oversight in other regions [15][16].

Group 1 - The introduction of "snow holidays" in various regions, such as Jilin and Xinjiang, aims to promote winter tourism and encourage family participation in winter sports and activities [1][2][3] - Jilin Province has designated a "snow holiday" from December 3 to 7, 2025, allowing all students in compulsory education to take time off, while also encouraging parents to take paid leave to engage in winter activities with their children [1][2] - The implementation of "snow holidays" is part of a broader trend to reduce academic pressure on students and promote their overall development, similar to previously established "autumn holidays" in other regions [2][3] Group 2 - The Ministry of Commerce and other departments have emphasized the need to optimize student holiday arrangements to stimulate service consumption, suggesting adjustments to the academic calendar based on local climate and conditions [3] - Experts believe that the introduction of "snow holidays" can help cultivate the winter tourism market, making off-peak seasons more vibrant and sustainable for the tourism industry [3] - Data from Southern Airlines indicates a significant increase in flight bookings in regions with "snow holidays," with a year-on-year growth of 51% in Urumqi and 99% in the Altay region, highlighting the potential for youth travelers to become a key demographic in seasonal travel [4]

Core Viewpoint - Airbus announced the immediate recall of approximately 6,000 A320 series jets for maintenance due to potential issues with flight control systems caused by strong solar radiation [1][3][4] Group 1: Company Impact - Airbus's stock price slightly increased to €204.45, with a year-to-date rise of over 40%, and a total market capitalization exceeding €160 billion (approximately ¥1.3 trillion) [1] - The recall affects a significant portion of the global A320 fleet, which includes around 11,300 operational aircraft, with 6,440 being the core A320 model [1][4] - Major airlines operating A320 series jets include American Airlines, Delta Air Lines, JetBlue Airways, and United Airlines, alongside significant customers in China, Europe, and India [1] Group 2: Domestic Airline Distribution - As of November 2025, Chinese airlines operate a total of 2,015 A320 series aircraft, accounting for 48.3% of the total civil aviation fleet in China [1] - China Eastern Airlines has the largest fleet of A320 series with 395 aircraft, followed by China Southern Airlines with 349, and Air China with 216 [2][3] Group 3: Technical Details and Challenges - The issue requires a software version update for most affected aircraft, with an estimated maintenance time of about 2 hours per aircraft [4] - The European Union Aviation Safety Agency (EASA) issued an emergency directive, which must be evaluated and approved by the Civil Aviation Administration of China (CAAC) before domestic airlines can proceed with repairs [4] - The recall is one of the largest in Airbus's 55-year history, potentially impacting over half of the global A320 fleet and causing disruptions during peak travel periods [4][5]

新华财经乌鲁木齐11月28日电（记者郝玉）12月1日至5日，新疆乌鲁木齐市、阿勒泰地区等地的中小学 生将迎来"雪假"，预计带动新一轮冰雪旅游热潮。为应对此次集中出行，新疆铁路、民航等部门提前部 署，通过加开列车、加密航线、优化服务等多项举措，全力保障冰雪旅游出行需求。 今年"雪假"期间，伊犁哈萨克自治州、昌吉回族自治州等地配套推出主题线路与冰雪赛事，将与交 通"硬支撑"形成合力，共同提升游客的出行体验与消费品质。 （文章来源：新华财经） 中国铁路乌鲁木齐局集团有限公司介绍，针对"雪假"期间探亲、研学等客流的显著增长，计划对伊宁、 奎屯等8个方向加开119列临时旅客列车。此外，乌鲁木齐至伊宁、喀什、奎屯等方向的普速旅客列车也 将同步增开，进一步织密铁路网络。 提升运力的同时，铁路部门也着力优化旅客服务体验。一方面，专设人员对接研学团体票务办理，提供 专列开行、专属通道、专属候车区等精细化服务；另一方面，持续推进"天山雪莲"服务品牌建设，提升 客运服务品质。截至目前，新疆铁路部门已受理"雪假"期间研学团体3批次千余人。 航空方面同样迎来出行高峰。南方航空统计，11月29日至12月7日期间，乌鲁木齐、阿勒泰始发航班 ...

Core Viewpoint - The event "2025 Domestic Civil Aircraft Innovation Youth Forum" held in Nanchang aims to foster collaboration and innovation among young professionals in the domestic civil aviation sector, emphasizing the theme of "Youth Intelligence Manufacturing" [1]. Group 1: Event Overview - The forum was co-hosted by China Eastern Airlines and COMAC, gathering nearly a hundred young representatives from various aviation organizations to discuss the future of domestic civil aviation [1][3]. - Leaders from national civil aviation organizations encouraged youth to take on responsibilities in the operation of domestic civil aircraft [3]. Group 2: Discussions and Contributions - Young representatives engaged in discussions on topics such as talent development, operational innovation, and brand building, contributing practical ideas for optimizing domestic civil aircraft operations [7]. - The event included a site visit to Hongdu Group, where participants learned about technological innovation and industry advancements, reinforcing their commitment to ensuring the safe operation of domestic civil aircraft [10]. Group 3: Individual Contributions - 彭焕春 from COMAC highlighted breakthroughs in digital transformation, achieving a 95% efficiency in business processing and a 90% efficiency in route issue resolution through self-developed platforms [12]. - 王铭逸 from China Eastern Airlines shared experiences related to the C919 aircraft, expressing pride in contributing to national aviation safety and innovation [14]. - 王玉坤 from AVIC discussed the growth of the C919 fleet from 1 to 6 aircraft, emphasizing a rigorous safety management system [16]. - 李华锋 from China Southern Airlines introduced the "Tianji" flight planning system, achieving 100% operational performance in the first month of C919 commercial operations [18]. - 蒋雯君 from China Eastern Airlines presented the development plan for the C909 fleet in Jiangxi, which has expanded to 9 aircraft and covers 13 routes, enhancing regional visibility [20]. Group 4: Future Directions - The event concluded with the passing of the alliance's rotating chairmanship to AVIC, indicating ongoing collaboration and commitment among aviation youth to contribute to the domestic civil aircraft sector [20].