2025年12月31日，编号为B-658N的C919国产大飞机平稳降落在长沙黄花国际机场，正式入列南航湖南 分公司，湖南长沙成为继北京、上海、广州之后全国第四个执管C919的城市。这标志着南航C919实现 了广州—长沙双基地运行，国产大飞机规模化运营在航司分支机构层面实现新突破。 长沙黄花国际机场举行"过水门"欢迎仪式。（南航湖南分公司供图） 南航湖南分公司相关负责人介绍，公司计划于2026年春运前引入第二架C919飞机，稳步拓展国产大飞 机在湘运营规模，持续完善国产大飞机运营保障体系，深化维修能力建设，服务和支撑湖南国产大飞机 产学研用深度融合发展。（记者明星、王聿昊） 记者了解到，自2025年1月C919首次飞抵湖南以来，南航已先后在湘执飞长沙至广州、北京、西安、上 海、海口、成都、三亚共7条航线，截至12月31日，已累计执飞航班超1400班，承运旅客逾17万人次， 其舒适性和可靠性赢得了广大旅客的认可。 机组人员合影留念。（南航湖南分公司供图） ...

Core Insights - The aviation and airport sector experienced a significant increase of 3.31% on December 31, with Juneyao Airlines leading the gains [1] - The Shanghai Composite Index closed at 3968.84, up 0.09%, while the Shenzhen Component Index closed at 13525.02, down 0.58% [1] Stock Performance - Juneyao Airlines (603885) closed at 14.88, up 7.20%, with a trading volume of 405,100 shares and a transaction value of 588 million yuan [1] - China Eastern Airlines (600115) closed at 6.00, up 5.82%, with a trading volume of 1,607,700 shares and a transaction value of 948 million yuan [1] - Southern Airlines (600029) closed at 8.01, up 4.57%, with a trading volume of 991,400 shares and a transaction value of 782 million yuan [1] - Air China (601111) closed at 9.37, up 3.31%, with a trading volume of 1,991,300 shares and a transaction value of 921 million yuan [1] - Spring Airlines (601021) closed at 59.50, up 3.30%, with a trading volume of 68,800 shares and a transaction value of 404 million yuan [1] Capital Flow - The aviation and airport sector saw a net inflow of 185 million yuan from institutional investors, while retail investors experienced a net outflow of 209 million yuan [2] - The net inflow from speculative funds was 23.96 million yuan [2] Individual Stock Capital Flow - Hainan Airlines (600221) had a net inflow of 104 million yuan from institutional investors, but a net outflow of 22.42 million yuan from retail investors [3] - China Eastern Airlines (600115) saw a net inflow of 54.73 million yuan from institutional investors, with a net outflow of 73.04 million yuan from retail investors [3] - Air China (601111) had a net inflow of 46.63 million yuan from institutional investors, while retail investors experienced a net outflow of 77.78 million yuan [3] - Southern Airlines (600029) recorded a net inflow of 18.42 million yuan from institutional investors, with a net outflow of 40.39 million yuan from retail investors [3]

Core Insights - The C919 aircraft has officially entered service with China Southern Airlines' Hunan branch, marking a significant milestone in the domestic aviation industry and expanding the scale of domestic aircraft operations in China [1][3]. Group 1: C919 Aircraft Operations - The C919 aircraft, designated B-658N, successfully landed at Changsha Huanghua International Airport, making Changsha the fourth city in China to operate the C919 after Beijing, Shanghai, and Guangzhou [1]. - Since its first flight to Hunan in January 2025, China Southern Airlines has operated over 1,400 flights on seven routes from Changsha to major cities, carrying over 170,000 passengers [3]. - The airline plans to introduce a second C919 aircraft by the 2026 Spring Festival, expanding its operations to include more routes and increasing the frequency of flights, particularly on the Changsha to Beijing route [9]. Group 2: Route Expansion and Network Development - China Southern Airlines operates 43 routes from Hunan, connecting to 36 domestic and international destinations, with a total of 834 flights per week during the current winter-spring season [5]. - The airline is enhancing its international route offerings, including new flights from Changsha to Singapore and Ho Chi Minh City, set to commence in early 2026, which will increase the weekly international flights to 44 [7]. Group 3: Service Innovations and Infrastructure Development - The airline is developing an "air-rail intermodal" product to improve passenger travel efficiency and is set to launch a "one-minute boarding" service on the Changsha to Beijing route before the 2026 Spring Festival [7]. - China Southern Airlines is focused on strengthening its operational support systems for the C919, enhancing maintenance capabilities, and fostering collaboration in the development of domestic aircraft [9].

Market Overview - The A-share market closed with mixed performance on December 31, 2025, with the Shanghai Composite Index slightly up while other indices like the Shenzhen Component and ChiNext Index saw minor declines, and total market turnover decreased to 2.07 trillion yuan [1] - The Shanghai Composite Index recorded an annual increase of 18.41%, marking the largest annual gain in six years [2] Sector Performance - Sectors such as aerospace equipment, airport services, hotel and catering, and artificial intelligence showed strong gains, while forestry, chemical fiber, consumer electronics, and photovoltaic equipment experienced declines [3] - Notably, the commercial aerospace stock Daye Co., Ltd. (603278) hit a trading limit with a six-day consecutive rise, achieving a transaction volume exceeding 1.9 billion yuan [3] Capital Flow - The defense and military industry attracted over 16 billion yuan in net inflows, while the computer and media sectors saw net inflows of over 7.6 billion yuan and 6.8 billion yuan, respectively. Conversely, the electronics sector faced a net outflow exceeding 11.9 billion yuan [3] Future Market Outlook - Debon Securities suggests that the market may continue a slow upward trend, supported by sufficient liquidity and a growing financing balance exceeding 2.5 trillion yuan, alongside potential foreign capital inflows due to the USD/CNY exchange rate breaking 7 [4] - Huolong Securities anticipates a continuation of the slow bull market, driven by ongoing proactive fiscal policies and moderate monetary easing, with a focus on sectors like artificial intelligence, commercial aerospace, and humanoid robots [4] Airline Sector Insights - The airline sector saw a significant increase, with the index rising 3.32%, reaching a two-and-a-half-year high, driven by strong performance from airlines like China Eastern Airlines and Air China [4] - Data indicates a year-on-year increase of approximately 28% in domestic flight ticket bookings for the New Year holiday, with outbound and inbound bookings also showing growth [4] Ticket Pricing Trends - Average ticket prices for economy class during the New Year holiday are projected to be 669 yuan (excluding tax), reflecting an 8.2% increase compared to the previous year [5] - Guosen Securities predicts that the airline sector may experience a second wave of growth as the Spring Festival approaches, contingent on ticket price performance exceeding expectations [5] Aerospace Sector Developments - Following the introduction of new listing rules for commercial rocket companies, aerospace equipment stocks have surged, with the sector index rising 9.35% to a historical high [5] - The successful testing of reusable rockets is seen as a pivotal moment for the industry, potentially resolving capacity issues and enhancing satellite networking capabilities [5]

Market Performance - On December 31, major indices showed volatility, with the Shanghai Composite Index slightly up by 0.09%, while the Shenzhen Component Index fell by 0.58%, the ChiNext Index dropped by 1.23%, and the STAR Market 50 Index decreased by 1.15% [2] - Over 2,300 stocks in the two markets were in the green, with a total trading volume reaching approximately 2.05 trillion yuan [2] AI and Technology Sector - AI application concept stocks led the gains, with BlueFocus (300058.SZ) rising by 20%, iReader Technology (603533.SH) increasing by 10%, and Century Tianhong (300654.SZ) and Chinese Online (300364.SZ) experiencing significant increases [2] - Meta announced the acquisition of the general AI agent platform Manus, marking its third-largest acquisition to date. Manus has processed over 147 trillion tokens and created 80 million virtual computers, serving millions of users [2] Aerospace Sector - The commercial aerospace concept remained active, with Aerospace Universe (688523.SH) rising over 14%, and China Satellite (600118.SH) and Aerospace Development (000547.SZ) both increasing by 10% [2] - On December 31, China successfully launched the Practice-29 satellite using the Long March 7 modified carrier rocket, marking the 623rd flight of the Long March series and a record 73 space launch missions completed in 2025 [3] Aviation and Education Sector - The airport and shipping sector strengthened, with companies like Juneyao Airlines (603885.SH) up by 7.2%, and China Eastern Airlines (600115.SH), China Southern Airlines (600029.SH), and Air China (601111.SH) also seeing gains [4] - The upcoming New Year holiday is expected to drive a surge in passenger traffic, with the Civil Aviation Administration predicting a 4.9% year-on-year increase in passenger throughput from January 1 to 3, 2026 [4] - The education sector also performed well, with Kevin Education (002659.SZ) hitting the daily limit up by 10%, and other companies like Zhonggong Education (002607.SZ) and Dou Shen Education (300010.SZ) showing significant increases [4] - The Ministry of Education plans to advance AI in education, with policies expected to be released next year to promote AI knowledge education and develop a future-oriented education system [4] Declining Sectors - The liquor and pharmaceutical commercial sectors weakened, with companies like Hefei China (603122.SH), Kweichow Moutai (600519.SH), and Gujing Gongjiu (000596.SZ) experiencing declines [5] - The chip and lithium battery sectors also faced downturns, with Saiwei Electronics (300456.SZ) dropping by 9.96%, and other companies like Cambrian (688256.SH), EVE Energy (300014.SZ), and CATL (300750.SZ) also declining [5]

（文章来源：每日经济新闻） 每经AI快讯，12月31日，机场航运板块午后震荡走高，中国东航涨超5%，吉祥航空、南方航空、中国 国航涨超3%，华夏航空、海南机场跟涨。 ...

Group 1 - The C919 aircraft has officially entered service with China Southern Airlines' Hunan branch, marking a significant milestone in the large aircraft's operational scale in China [1] - The C919 has been operating on seven routes from Changsha to major cities, with over 1,400 flights and more than 170,000 passengers carried since its first flight to Hunan [3] - China Southern Airlines plans to introduce a second C919 aircraft by early 2026, expanding its operations and enhancing the support system for domestic large aircraft [5] Group 2 - The establishment of a large aircraft scale promotion office in Hunan is improving local aviation industry support and capabilities [3] - China Southern Airlines is actively expanding its domestic and international flight network, with plans to increase international flights from Changsha to various destinations [4] - The airline is focusing on service innovations, including "air-rail intermodal" products and a "one-click boarding" service to enhance passenger experience [4]

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，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。 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。 ...