北京商报讯（记者 关子辰 牛清妍）1月23日，记者从南航获悉，南航计划自3月21日起加密广州—伊斯坦布尔航线从每周3个往返航班至每周7个往返航班， 实现每日均有航班。同时，自3月30日起，继续加密该航线至每周10个往返航班。 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。自2024年6月广州—伊斯坦布尔复航以来，南航在该航线共执飞航班超470班次，承 运旅客超11万人次。 在土耳其免签政策实施后，旅客出行更为便捷。目前，南航广州—伊斯坦布尔直飞往返航线，由波音787机型执飞。去程航班号为CZ8065，0:50（当地时 间，下同）从广州起飞，7:10抵达伊斯坦布尔；回程航班号为CZ8066，14:10从伊斯坦布尔起飞，次日5:25抵达广州。 ...

Core Viewpoint - The 2026 Spring Festival travel season in China is expected to see record-high passenger flow and transportation volume across railways and civil aviation, with significant increases in both sectors compared to previous years [1][4]. Railway Sector - The China National Railway Group anticipates sending 539 million passengers during the Spring Festival travel period from February 2 to March 13, 2026, representing a 5% year-on-year increase [1]. - On peak travel days, over 14,000 passenger trains are expected to operate, with a 5.3% increase in seating capacity compared to the previous year [1]. - The railway ticketing service will enhance support for key passenger groups, including additional discounts for college graduates and continued services for students and workers [1][3]. Civil Aviation Sector - The civil aviation sector is projected to transport 95 million passengers during the Spring Festival, with a daily average of 2.375 million passengers, marking a 5.3% increase [4]. - Major airlines are expected to operate 657,000 flights, also reflecting a 5% increase year-on-year [4]. - The top three airlines (China Eastern, Air China, and China Southern) will account for 43% of the flights, while the top 20 airlines will represent 90% of the total operations [4]. Ticket Pricing and Trends - As of January 15, 2026, the average pre-sale price for domestic economy class tickets during the Spring Festival is 1,064 yuan (including tax), which is 20% higher than the actual transaction price from the previous year [5]. - The peak ticket prices are expected around the Spring Festival, with significant price drops possible for travelers who adjust their travel dates [5]. - Popular domestic travel destinations are dominated by southern cities, with Shantou leading in booking growth at 186% year-on-year [5]. International Travel - During the Spring Festival, outbound travel is primarily focused on Southeast Asia, with Thailand being the most popular destination [6]. - There has been a significant reduction in flights to Japan, with a cancellation rate of 36% for flights during the travel period [6]. - The demand for customized outbound travel packages has increased, with an 18% rise in pre-orders for long-haul trips [6].

Group 1 - The core point of the article highlights the recent stock performance of China Southern Airlines, which saw a decline of 2.03% on January 23, with a current share price of 7.72 yuan and a total market capitalization of 139.894 billion yuan [1] - As of September 30, the number of shareholders for China Southern Airlines decreased by 4.76% to 133,300, while the average circulating shares per person remained at 0 [2] - The company reported a revenue of 137.665 billion yuan for the period from January to September 2025, reflecting a year-on-year growth of 2.23%, and a net profit attributable to shareholders of 2.307 billion yuan, which is a 17.40% increase compared to the previous year [2] Group 2 - China Southern Airlines has cumulatively distributed 6.629 billion yuan in dividends since its A-share listing, with no dividends paid in the last three years [3] - Among the top ten circulating shareholders as of September 30, 2025, Hong Kong Central Clearing Limited holds 586 million shares, an increase of 4.3248 million shares from the previous period, while China Securities Finance Corporation remains unchanged with 320 million shares [3] - The company is classified under the transportation industry, specifically in the aviation sector, and is involved in passenger and cargo transportation services, with passenger services accounting for 86.42% of its revenue [1]

随着今年初免签政策实施，旅客出行更为便捷。目前，南航广州-伊斯坦布尔直飞往返航线，由波音787 机型执飞。去程航班号CZ8065，零时50分从广州起飞（时间均为当地时，以下同），7时10分抵达伊斯 坦布尔；回程航班号CZ8066，14时10分从伊斯坦布尔起飞，次日5时25分抵达广州。 《中国民航报》、中国民航网 记者郭瑛 报道：近日，土耳其宣布自2026年1月2日起，对持中国普通护 照的公民实行免签入境政策。为满足迅速增长的市场需求，为旅客提供更加便捷的航空出行服务，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，进一步推动中土间经贸文化旅游往来。 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。自2024年6月广州-伊斯坦布尔 复航以来，南航在该航线共执飞航班超470班次，承运旅客超11万人次，为两国间交流与合作铺设了便 捷的空中通道。 土耳其作为横跨欧亚大陆的国家，拥有丰富的多元景观。其深厚的历史底蕴、壮美的自然风光以及诱人 的美食文化，共同构成了土耳其旅游的独特魅力，这些独具特色的 ...

Core Points - Liaoning's tourism and cultural department, in collaboration with China Southern Airlines, launched the "Return to Liaoning for the New Year" campaign to enhance the travel experience for returning residents and visitors [1][2] Group 1: Campaign Details - The campaign offers a discount on flight tickets for Liaoning residents who purchase tickets for flights originating or destined for Shenyang or Dalian from January 19 to May 15 [1] - The campaign includes themed flights that allow passengers to experience Liaoning's local customs during their journey, with interactive games and exclusive gifts provided on board [1] Group 2: On-ground Benefits - Upon arrival in Liaoning, travelers can present their flight records to receive discounts at various hotels in Shenyang from January 21 to February 28 [2] - Visitors can enjoy half-price admission to attractions such as Shenyang Palace Museum, Zhang Xueliang's Former Residence, and Shenyang Financial Museum, with each person limited to one discount per attraction during the promotional period [2]

3月29日-6月18日：每周2/4/7，每周3班 6月20日-10月24日：每日1班 新京报讯 据"北京大兴国际机场"微信公众号消息，3月29日起，南航将开通北京大兴往返赫尔辛基航 班。往返次卡限时特惠530元起。 | | 3月29目盛大启航 | | | | --- | --- | --- | --- | | 航线 | 航班号 | 起飞时间 | 到达时间 | | 北京大兴-赫尔辛基 | CZ8171 | 14:45 | 18:35 | | 赫尔辛基-北京大兴 | CZ8172 | 20:35 | 9:45 | 航班班期： ...

Investment Rating - The report maintains a "Buy" rating for major airlines, including China National Aviation (China Air), China Eastern Airlines, Southern Airlines, and others, based on their projected earnings growth and favorable market conditions [2][3]. Core Insights - The domestic passenger load factor has increased significantly, reaching a historical high of 85.7% in December 2025, with a year-on-year increase of 2.4 percentage points [7][10]. - The international passenger load factor has shown a slight increase, but the growth rate has slowed due to disruptions in the Japanese route, with December figures reflecting a year-on-year increase of 0.9 percentage points [14][15]. - The overall industry demand growth continues to outpace supply growth, with a combined ASK/RPK increase of 6.6% and 9.1% respectively for the six listed airlines in December [7][10]. Summary by Sections 1. December International Supply and Demand Trends - The demand growth in December 2025 exceeded supply growth, with both domestic and international load factors reaching historical highs [10][11]. - The domestic routes saw a supply increase of 4.2% in ASK and a demand increase of 7.2% in RPK, while international routes experienced a 12.0% increase in ASK and a 13.3% increase in RPK [7][14]. 2. Aircraft Introductions and Fleet Growth - The total fleet of the six airlines increased by 0.4% in December, with a net addition of 14 aircraft, bringing the total to 3,386 [22][24]. - The A320 series was the primary aircraft introduced, with significant contributions from China National Aviation and Southern Airlines [22][27]. 3. Investment Recommendations - The report suggests that the tight supply-demand relationship in domestic routes will lead to a moderate increase in ticket prices in 2026, supported by regulatory measures to address low pricing [7][11]. - The international routes are expected to benefit from increased inbound tourism, with airlines like China Eastern Airlines and Spring Airlines positioned to gain from this trend [7][15].

据悉，南航将于3月29日开通北京大兴—赫尔辛基航线，每周三班。（编辑：李佳洹 校对：陈虹莹 审 核：韩磊） 《中国民航报》、中国民航网 记者肖敏 报道：1月21日，中国民用航空局副局长梁楠在京会见芬兰驻华 大使明凯，双方就进一步加强中芬航空联系、便利双方人员和经贸交流等议题进行深入交流。赫尔辛基 机场、芬兰国家旅游局相关人员参加会见。 ...

Core Viewpoint - The aviation and airport sector experienced a decline of 1.17% on January 21, with China Eastern Airlines leading the drop, while the Shanghai Composite Index rose by 0.08% and the Shenzhen Component Index increased by 0.7% [1]. Group 1: Market Performance - The closing price of China Eastern Airlines was 6.22, reflecting a decrease of 2.20% with a trading volume of 1,109,700 shares and a transaction value of 6.95 million [2]. - The aviation and airport sector saw a net outflow of 84.83 million from major funds, while retail investors experienced a net outflow of 10.9 million, and speculative funds had a net inflow of 194 million [2][3]. Group 2: Individual Stock Performance - China National Aviation (China National Airlines) had a net outflow of 22.99 million from major funds, with a net inflow of 5.52 million from speculative funds and a net outflow of 28.51 million from retail investors [3]. - Xiamen Airport reported a net outflow of 2.03 million from major funds, while speculative funds had a net inflow of 1.35 million, and retail investors saw a net inflow of 0.68 million [3]. - Shenzhen Airport experienced a net inflow of 12.93 million from major funds, with a net inflow of 2.77 million from speculative funds and a net outflow of 15.69 million from retail investors [3].

证券日报网讯 1月20日，南方航空在互动平台回答投资者提问时表示，南航拥有密集覆盖国内、全面辐 射亚洲、有效连接欧美澳非的发达航线网络。具体经营情况请参阅公司在上海证券交易所网站披露的定 期报告。 （文章来源：证券日报） ...