Core Viewpoint - China Southern Airlines is increasing the frequency of flights from Xi'an to Almaty, Central Asia, due to favorable policies such as the Spring Festival travel rush and a 30-day visa-free policy [1] Group 1: Flight Schedule Changes - From January 17 to March 28, China Southern Airlines will enhance the Xi'an to Almaty route by increasing flights from 2 to 3-4 per week [1] - The additional flights will be operated by Boeing 737-800 aircraft, with flight CZ3073 departing Xi'an at 20:00 and arriving in Almaty at 22:15 local time [1] - The return flight CZ3074 will leave Almaty at 23:40 local time and arrive back in Xi'an at 07:05 the next day [1] Group 2: Economic and Cultural Impact - The increased flight frequency is expected to facilitate cultural and economic exchanges between the two regions, enhancing the connectivity along the "Air Silk Road" [1] - This move aims to provide more convenient and efficient air services for trade and cultural interactions between Xi'an and Almaty [1]

Investment Rating - The report maintains a "Recommended" rating for the transportation industry [2] Core Insights - The shipping sector is experiencing a recovery in oil transportation due to improved demand post-holidays and geopolitical tensions [6][16] - The aviation industry aims to achieve a passenger volume of 810 million in 2026, reflecting a growth rate of 5.2% [23][24] - The express delivery sector is expected to see a gradual recovery in competition and profitability, with a focus on major players like SF Express [20] Shipping - The oil shipping sector is rebounding due to increased cargo availability from the Middle East and geopolitical sanctions affecting supply [6][16] - Container shipping rates are showing slight increases, with strong pricing power among shipowners before long-term contract negotiations [11][12] - Key stocks to watch include COSCO Shipping Energy, China Merchants Energy, and Pacific Shipping [16] Infrastructure - Weekly data indicates a decline in truck traffic and rail freight, with road truck traffic at 46.964 million vehicles, down 14.9% week-on-week [17][18] - Port throughput for the first week of 2026 was 25.4953 million tons, showing a slight decrease but a year-on-year increase of 7.7% in container throughput [18] - Recommended stock for infrastructure investment is Anhui Expressway [18] Express Delivery - In November 2025, express delivery volume reached 18.06 billion pieces, a year-on-year increase of 5%, while revenue decreased by 3.7% [19][20] - The competitive landscape is expected to stabilize, with major companies like SF Express anticipated to see profit growth in 2026 [20] - Recommended stocks include SF Express, ZTO Express, YTO Express, and Yunda Express [20] Aviation - The aviation sector is entering a critical period with the Spring Festival approaching, and passenger volume is projected to grow by 5.2% in 2026 [23][24] - Recent data shows a year-on-year increase in domestic passenger volume of 1.5% and a decrease in ticket prices [21][24] - Recommended stocks include Air China, China Southern Airlines, and Spring Airlines [24] Logistics - The cross-border air freight price index has decreased by 19.9% week-on-week, indicating a significant drop in logistics costs [25]

主题航班 阿勒泰地区位于新疆北部，与俄罗斯、哈萨克斯坦、蒙古三个国家接壤。历史文化源远流长，戍边文 化、民族文化、草原文化、游牧文化多元一体，是38个民族聚居交融之地。旅游资源多元富集、冰雪资 源得天独厚，这里绵延着"金山"阿尔泰山脉，流淌着"银水"额尔齐斯河，拥有高山峡谷、河流湖泊、森 林草原、大漠戈壁等旅游资源单体724处。 中新网深圳1月9日电 (记者 索有为)记者9日从南航深圳分公司获悉，南航开通深圳直飞阿勒泰的往返航 线1个月以来热度持续上升，不仅为粤港澳大湾区旅客前往新疆体验冰雪旅游提供了便利，也助力阿勒 泰文旅产业发展。 据了解，2025年12月9日，南航开通深圳直飞阿勒泰的往返航线，该航线每周二、四、六执飞，截至1月 8日共执行14班，往返共承运旅客4139人次，始发客座率77.1%，其中公务舱尤其受欢迎，客座率达到 93.5%。 活动吸引旅客参与。彭程 摄 阿勒泰是"人类滑雪起源地"，依托优质的粉雪资源，阿勒泰地区成功创建3家国家级滑雪旅游度假地与3 家5S级滑雪场。 深圳直飞阿勒泰航线为旅客节省了至少3小时的中转时间，凭借登机牌，旅客还可在阿勒泰享受滑雪优 惠。去年12月底，该航线的高客座 ...

Core Viewpoint - The aviation and airport sector experienced a decline of 1.19% on January 9, with China Eastern Airlines leading the drop, while the overall Shanghai Composite Index rose by 0.92% [1] Group 1: Market Performance - The Shanghai Composite Index closed at 4120.43, up 0.92%, and the Shenzhen Component Index closed at 14120.15, up 1.15% [1] - The aviation and airport sector saw a net outflow of 408 million yuan from major funds, while retail investors contributed a net inflow of 377 million yuan [2] Group 2: Individual Stock Performance - China Eastern Airlines (600115) closed at 5.98, down 3.24%, with a trading volume of 1.3034 million shares and a transaction value of 778 million yuan [2] - Other notable declines included Spring Airlines (601021) down 1.87% and China National Airlines (601111) down 1.64% [2] - The highest trading volume was recorded for Hainan Airlines (600221) with 4.4577 million shares traded, despite a decline of 10.85% in net inflow from major funds [3] Group 3: Fund Flow Analysis - Major funds showed significant outflows in several stocks, including Hainan Airlines with a net outflow of 83.62 million yuan, and Spring Airlines with a net outflow of 28.47 million yuan [3] - Retail investors showed a positive net inflow in several stocks, with Hainan Airlines seeing a retail net inflow of 64.82 million yuan [3]

Group 1 - The aviation stocks collectively declined, with Eastern Airlines down 3.98% at HKD 5.31, Southern Airlines down 3.63% at HKD 5.84, Air China down 2.06% at HKD 7.14, and Cathay Pacific down 2.04% at HKD 12.47 [1] - Following the New Year, domestic air ticket prices have significantly dropped, with some tickets available for as low as 10% of their original price, leading to consumers opting for off-peak travel [1] - A third-party ticketing platform reported that flights from Guangzhou to various cities are priced as low as RMB 210 (excluding tax), equivalent to a 1.1% discount [1] Group 2 - On Thursday, Brent crude oil futures surged by 5%, reaching a nearly two-week high, closing at USD 61.99 per barrel, an increase of USD 2.03 or 3.4% from the previous trading day [1] - According to Huachuang Securities, a 10% change in oil prices corresponds to an annual cost impact of approximately RMB 4.3 to 5.1 billion for the three major airlines, while a 1% fluctuation in exchange rates affects them by RMB 130 to 260 million [1]

综合自：央视新闻、长安街知事 1月9日上午，中国航空集团有限公司召开领导班子（扩大）会议。受中央组织部领导委托，中央组织部有关干 部局负责同志宣布了党中央关于中国航空集团有限公司总经理调整的决定： 曲光吉同志任中国航空集团有限公司董事、总经理、党组副书记，免去其中国南方航空集团有限公司副总经 理、党组成员职务；免去王明远同志的中国航空集团有限公司董事、总经理、党组副书记职务。 公开报道显示，曲光吉出生于1970年2月，2023年7月任南航副总经理。直至此番调整。 官网介绍，中国航空集团有限公司简称"中航集团"，2002年10月11日成立，是特大型国有航空运输集团公司， 也是中国唯一载国旗飞行的航空运输企业，所属二级公司主要有7家，包括中国国际航空股份有限公司等。截 至2025年6月底，中航集团（含控股公司）共运营飞机959架。 未 经 授 权 禁 止 转 载 ， 否 则 将 追 究 相 应 法 律 责 任 。 看券商中国 知天下财经 F 责编：王璐璐 校对：高源 百万用户都在看 刚刚，利好突现！A50，异动！ 中共中央政治局常务委员会召开会议 伊朗，突发！大范围断网！ 大动作！"国家队"，重磅出手！ 特朗普， ...

1月9日上午，中国航空集团有限公司召开领导班子（扩大）会议。受中央组织部领导委托，中央组织部有关干部局负责同志宣布了党中央关于中国航空集 团有限公司总经理调整的决定：曲光吉同志任中国航空集团有限公司董事、总经理、党组副书记，免去其中国南方航空集团有限公司副总经理、党组成员 职务；免去王明远同志的中国航空集团有限公司董事、总经理、党组副书记职务。相关职务任免，按有关法律和章程的规定办理。 公开信息显示，曲光吉出生于1970年2月，西安统计学院经济统计系统计学专业毕业，大学学历，在职取得东北财经大学经济学硕士、清华大学与法国国 立路桥和法国国立民用航空学校高级管理人员工商管理硕士学位，经济师，中共党员；1993年7月参加工作。 【导读】曲光吉任中国航空集团有限公司董事、总经理、党组副书记 中国基金报记者晨曦 曲光吉，履新！ 1月9日，中国航空集团有限公司官网显示，中国航空集团有限公司董事、总经理、党组副书记调整。 资料显示，王明远出生于1966年9月，已届退休年龄。目前，王明远在A股上市公司中国国航担任副董事长、执行董事、总裁职务。 据介绍，中国航空集团有限公司（中航集团）成立于2002年10月11日，是特大型国 ...

Group 1 - The core point of the article is the appointment of Qu Guangji as the new Chairman, General Manager, and Deputy Secretary of the Party Committee of China Aviation Group Co., Ltd. This decision was announced during a leadership meeting on January 9, 2026 [1]. - Qu Guangji has previously served as the Deputy General Manager and Party Member of China Southern Airlines Group Co., Ltd. before this adjustment [3]. - The article mentions that the changes in positions were carried out in accordance with relevant laws and regulations [1].

据公开信息显示，曲光吉，男，1970年2月出生，1993年7月参加工作，1992年3月加入中国共产党。 据中航集团网站消息，2026年1月9日上午，中国航空集团有限公司召开领导班子（扩大）会议。受中央 组织部领导委托，中央组织部有关干部局负责同志宣布了党中央关于中国航空集团有限公司总经理调整 的决定：曲光吉同志任中国航空集团有限公司董事、总经理、党组副书记，免去其中国南方航空 （600029）集团有限公司副总经理、党组成员职务；免去王明远同志的中国航空集团有限公司董事、总 经理、党组副书记职务。相关职务任免，按有关法律和章程的规定办理。 2023年8月，曲光吉任中国南方航空集团有限公司副总经理、党组成员。 据介绍，中国航空集团有限公司简称"中航集团"，2002年10月11日成立，是特大型国有航空运输集团公 司，也是中国唯一载国旗飞行的航空运输企业。2017年12月29日，按照公司制改制要求，中航集团由全 民所有制企业改制为国有独资公司，改制后公司名称由中国航空集团公司改为中国航空集团有限公司。 ...

Group 1 - The core point of the article is the appointment of Qu Guangji as the new General Manager and Deputy Secretary of the Party Committee of AVIC Group, following the retirement of the previous General Manager Wang Mingyuan [1][15][17] - Qu Guangji is a 70s generation cadre who has risen through the ranks of China Southern Airlines and joined the leadership team of China Southern Airlines Group in 2023 [20] - The article highlights the frequent personnel adjustments in the civil aviation sector over the past two years, with several key positions being changed, including the General Managers of Air China and China Eastern Airlines, both of whom previously came from China Southern Airlines [21][8] Group 2 - The current leadership teams of the three major airlines are as follows: Air China Chairman Liu Tiexiang and General Manager Qu Guangji; China Eastern Airlines Chairman Wang Zhiqing and General Manager Gao Fei; China Southern Airlines Chairman Ma Xulun and General Manager Han Wensheng [24] - The article provides salary information for the leaders of central enterprises, noting that in 2022, the salary for the Chairman of China Southern Airlines was 666,300, while in 2023, it increased to 823,500 [25]