Core Viewpoint - China Southern Airlines Logistics is significantly enhancing the transportation of lychees from Guangdong to both domestic and international markets, with a focus on maintaining quality and efficiency in logistics operations [1][3][4]. Group 1: Transportation Volume and Growth - In the week from June 17 to June 24, the transportation volume of lychees by China Southern Airlines increased by over 40% compared to the previous week [1]. - Since January 2025, over 7,000 tons of lychees have been transported to various domestic and international locations, including major cities like Shanghai, Wuhan, and international destinations such as Amsterdam and London [3]. Group 2: Logistics Solutions and Innovations - China Southern Airlines Logistics has developed a comprehensive logistics solution for lychees, including the establishment of specialized teams to communicate with e-commerce platforms and orchards to understand transportation needs [3]. - The company has implemented standardized pre-cooling processes at orchards and reserved cold storage space at cargo stations, extending the freshness of lychees during transport to 10 days [3]. Group 3: Commitment to Agricultural Products - Annually, China Southern Airlines Logistics transports over 100,000 tons of agricultural products, including lychees, longans, and durians, facilitating their distribution to consumers [4]. - The company aims to enhance logistics support for specialty agricultural products, ensuring faster, higher-quality, and lower-cost transportation of Guangdong's unique agricultural offerings [4].

Core Points - Southern Airlines flight CZ0333 from Guangzhou to Doha made an emergency landing in Muscat, Oman due to a "public safety" incident that could affect flight safety [2] - The flight took off at 19:49 on June 23 and landed in Muscat at around midnight, before arriving in Doha at 5:58 local time on June 24, resulting in a total delay of approximately 7 hours [2] - The Chinese Embassy in Qatar had previously issued warnings regarding flight changes and cancellations due to the closure of airspace in the region amid escalating tensions [3] Summary by Sections Flight Incident - Southern Airlines flight CZ0333 experienced a safety-related incident, leading to an emergency landing in Muscat [2] - The flight was delayed for about 7 hours before reaching its final destination in Doha [2] Regional Tensions - The Chinese Embassy in Qatar alerted citizens about the heightened tensions in the Middle East and the potential for flight disruptions [3] - Travelers were advised to monitor flight changes and adjust their travel plans accordingly [3]

南航回应广州飞多哈航班备降 金十数据6月24日讯，有消息称昨日广州至多哈CZ333航班受伊朗向卡塔尔美军基地发射导弹影响备 降，目前仍未起飞前往多哈。6月24日，南方航空客服回应称，该航班确实受到飞行安全事件影响而备 降。此外，昨日广州飞往迪拜的航班未受影响。 （中新网） ...

Core Insights - China Southern Airlines plans to operate over 320,000 flights during the summer travel season, covering more than 970 domestic routes and over 260 international and regional routes [1][3] Domestic Routes - The airline will focus on opening new routes and increasing flight frequency to popular tourist destinations in Xinjiang, Northwest, Northeast, and North China [3] - In Guangzhou, the airline will operate over 110 domestic routes with more than 4,000 flights weekly [3] - In Beijing, the airline plans to operate 55 domestic routes with over 2,300 flights weekly [3] - In Urumqi, the airline will increase flights to Shenzhen, Guiyang, and Harbin, with over 1,600 flights weekly during peak periods [3] - The airline will deploy wide-body aircraft on popular routes, achieving the highest number of wide-body aircraft and seats in five years [3] - Five C919 domestic aircraft will be utilized for routes including Guangzhou to Shanghai and Chengdu, expanding to 13 destinations [3] - Additionally, 35 C909 aircraft will be used for over 60 routes from Guangzhou to Shantou and Yiwu [3] International and Regional Routes - New direct flights from Beijing Daxing to Dushanbe started on June 16, with additional routes to Almaty, Tashkent, and Vladivostok launching in late June and early July [4] - The airline is increasing flight frequency on popular routes in Central Asia, West Asia, and Southeast Asia to provide more options for outbound travelers during the peak season [4]

互动环节中，乘务员热情邀请旅客参与"夏至习俗知多少"趣味问答，旅客们踊跃分享各自家乡的夏至风 俗。活动尾声，乘务组向积极参与互动的旅客赠送了南航文创产品，并与旅客共同合影留念，记录下云 端夏至的温馨瞬间。 "没想到在飞机上还能吃到正宗的夏至面，乘务员还给我们讲解了不同节气的民俗知识，这趟旅程特别 有意义。"带着孩子来贵阳旅行的王先生对活动赞不绝口。据悉，南航贵州公司通过"木棉季忆"系列品 牌活动，持续为旅客打造"空中文化体验舱"，旨在不断深化空中文化服务的内涵。 作为"木棉季忆"品牌活动的重要组成部分，此次夏至主题航班深度融合了四时八节、饮食养生等传统文 化元素，不仅丰富了旅客的旅途生活，更是在万米高空搭建起一座传播中华优秀传统文化的桥梁，让旅 客感受到时令更迭的文化之美，共同书写属于云端之上的"木棉季忆"。 未来，南航"空中文化舱"将持续围绕中国传统节日、节气等文化节点，推出更多主题航班活动，为广大 旅客提供更具文化底蕴和人文关怀的飞行体验，积极探索将中国文化元素融入航空服务的新路径。（南 航贵州公司供稿）（编辑：李佳洹 校对：陈虹莹 审核：程凌） 中国民航网讯：2025年6月21日（农历五月廿六），正值二 ...

Investment Rating - The report recommends "顺丰控股" (SF Express) in the express delivery sector and "海晨股份" (Haichen Co.) in the logistics sector, as well as "中国国航" (Air China) and "南方航空" (Southern Airlines) in the aviation sector [3][4][5]. Core Views - The express delivery sector shows strong growth, with SF Express's business volume growth significantly outpacing the industry, and the overall express delivery volume in May reaching 173.2 billion pieces, a year-on-year increase of 17.2% [3]. - The logistics sector is under pressure, particularly in hazardous materials logistics, but there is a push towards smart logistics, with Haichen Co. benefiting from improved demand in consumer electronics [4]. - The aviation sector is experiencing a robust recovery, with domestic passenger volume in May reaching 56.45 million, a year-on-year increase of 7%, and international passenger volume increasing by 23% [5][58]. Summary by Sections 1. Transportation Sector Market Review - The transportation index decreased by 0.1% during the week of June 14-20, while the Shanghai and Shenzhen 300 index fell by 0.5%, outperforming the market by 0.4% [2][13]. 2. Industry Fundamentals Tracking 2.1 Shipping and Ports - The shipping sector is facing mixed conditions, with container shipping rates under pressure, while oil shipping rates are rising due to geopolitical tensions [6][22]. - The China Export Container Freight Index (CCFI) was 1342.46 points, up 8.0% week-on-week but down 30.2% year-on-year [6][22]. 2.2 Aviation and Airports - The aviation sector is showing strong upward momentum, with domestic and international passenger volumes recovering significantly compared to 2019 levels [5][58]. - The average daily flights reached 14,867, with international flights increasing by 16.17% year-on-year [5]. 2.3 Rail and Road - The rail and road sectors are stable, with rail passenger volume in April reaching 382 million, a year-on-year increase of 5.97% [84]. - The national highway freight traffic increased by 2.46% week-on-week, indicating a positive trend in road logistics [7][88]. 2.4 Express Delivery and Logistics - The express delivery sector saw a total of 39.3 billion pieces collected in the week of June 9-15, with a year-on-year increase of 17.5% [3]. - The average revenue per express delivery piece decreased by 7.6% year-on-year, indicating pricing pressures in the sector [3].

Core Viewpoint - China Southern Airlines (CSA) has successfully launched its first C919 flight on the "Taiyuan-Guangzhou" route, marking a significant milestone for the airline and the domestic aviation industry [1][2] Group 1: Flight Details - The flight from Guangzhou to Taiyuan (CZ3695) departed at 16:05 and arrived at 18:30, while the return flight (CZ3696) left Taiyuan at 19:55 and reached Guangzhou at 22:45 [1] - The inaugural flight was celebrated with a water salute at Taiyuan Wusu International Airport, showcasing the highest level of aviation ceremony [1] Group 2: Aircraft and Technology - The C919 is a new generation passenger aircraft developed independently by China, featuring advanced technologies that enhance comfort, safety, and environmental performance [1] - The aircraft includes a spacious cabin and an advanced air circulation system, providing a comfortable flying experience for passengers [1] Group 3: Operational Preparations - CSA selected experienced flight crews to operate the C919, ensuring thorough preparation from aircraft performance verification to crew training [1] - Special check-in counters were set up at both Guangzhou Baiyun International Airport and Taiyuan Wusu International Airport to facilitate the inaugural flight, with a focus on guiding passengers through check-in, security, and boarding processes [2] Group 4: Market Strategy - The launch of the "Taiyuan-Guangzhou" route is part of CSA's strategy to respond to market demand and optimize its route network [2] - CSA holds a 55% market share for routes from Taiyuan to the Guangdong-Hong Kong-Macau Greater Bay Area and plans to continue expanding its route network and improving service quality by the summer and autumn seasons of 2025 [2]

Core Viewpoint - The C919 domestic aircraft has commenced its first flights on the Guangzhou-Zhengzhou and Guangzhou-Taiyuan routes, marking an expansion in its operational capacity [1] Group 1: Flight Operations - On June 20, the C919 aircraft began its inaugural flights on the Guangzhou-Zhengzhou and Guangzhou-Taiyuan routes [1] - The C919 will operate daily round trips on the Guangzhou-Zhengzhou route starting from today [1] - From July 1, the C919 will conduct three round trips daily on the Guangzhou-Taiyuan route [1] Group 2: Operational Preparedness - China Southern Airlines has conducted specialized assessments of Zhengzhou Xinzheng International Airport and Taiyuan Wusu Airport, focusing on terrain, weather characteristics, and flight route specifics [1] - Experienced flight crews have been selected to ensure smooth operations on the new routes [1]

Core Insights - The air transport sector in Xinjiang, China, is experiencing significant growth in both passenger and cargo volumes, particularly on routes to Central Asia, with passenger traffic increasing by 36% and cargo traffic by 200% year-on-year [1][2]. Group 1: Passenger Transport - The number of passengers carried by China Southern Airlines (CSA) on the Xinjiang to Central Asia routes has reached nearly 170,000, marking a 36% increase compared to the previous year [1]. - The flight frequency on the Urumqi-Almaty route has been increased to two flights daily starting June 20, and the Urumqi-Astana route will see an increase to five flights weekly from July 1 [1]. Group 2: Cargo Transport - The cargo volume on the Tashkent route has surged to 12.5 times that of the same period last year, with products like cherries from Dushanbe and honey from Bishkek being transported efficiently within 48 hours to various locations in China [2]. - CSA is continuously optimizing its flight schedules and transfer services to enhance the flow of goods between China and Central Asia, aiming to establish a central hub for resource allocation [2]. Group 3: Market Trends - The overall flight volume from China to Central Asia reached 926 flights in May, a 200% increase compared to the same month in 2019, with CSA's cargo volume tripling during the same period, leading the industry [1]. - The proportion of Central Asian passengers using Urumqi as a transit point has reached 24% this year, indicating a growing trend in cross-border travel facilitated by improved connectivity [1].

Group 1 - The core viewpoint is that the rising popularity of tourism in Xinjiang is driving a significant increase in domestic flight ticket prices, with a projected overall increase of over 10% during the peak travel season [1][6][7] - In early June, domestic flight ticket prices in Xinjiang rose by over 20% month-on-month and 13% year-on-year, indicating a strong demand driven by both tourism and festive travel [2][3] - The increase in ticket prices is also affecting international routes, with prices for connecting flights from mainland China to Central Asia through Urumqi rising approximately 15% compared to May [2][3] Group 2 - Xinjiang is expected to receive over 3.02 billion tourists in 2024, a 14% increase year-on-year, with total tourist spending projected to reach 359.54 billion yuan, a 21% increase [3][4] - The tourism heat in Xinjiang has exceeded industry expectations, with inbound tourist numbers reaching 1.12 million in the first four months of the year, a 7.67% increase, and international tourism revenue of 1.068 billion USD, a 13.18% increase [3][4] - The demand for air travel is expected to exceed 160 million passengers by 2025, with over 50% of visitors choosing to fly to Xinjiang [3][4] Group 3 - Airlines are adjusting their capacity in response to the increased demand, with Southern Airlines increasing its wide-body aircraft to 12 in June and planning to reach 20 by July and August [5][6] - The airline is also increasing flight frequencies to popular cities and adding new routes to enhance connectivity [5][6] - The rising ticket prices may lead to a transformation in the tourism industry towards higher quality and more premium services, as well as the development of differentiated travel products [7][8]