中国南方航空股份有限公司 募集资金使用与管理办法 第一章 总 则 第七条 募集资金应该按照招股说明书或其他为募集 资金所制作的募集文件所列用途使用，实行专款专用，原则 上不应变更或挪作他用。出现严重影响募集资金使用计划正 常进行的情形时，公司应及时报告上海证券交易所（以下简 称"上交所"）并公告。 第八条 使用募集资金时，应按照公司相关资金使用审 批规定办理手续。 第一条 为规范中国南方航空股份有限公司（以下简称 "公司"）募集资金的使用与管理，最大限度地保障投资者 的利益，根据《中华人民共和国公司法》《中华人民共和国 证券法》等有关法律、法规、公司股票上市的证券交易所(包 括但不限于香港联合交易所有限公司和上海证券交易所)的 有关证券或股票上市规则（以下统称"上市规则"）、《上 市公司募集资金监管规则》《上海证券交易所上市公司自律 监管指引第 1 号—规范运作》及《中国南方航空股份有限公 司章程》的规定，结合公司的实际情况，制定本办法。 第二条 本办法所指募集资金是指公司通过公开发行 证券（包括首次公开发行股票、配股、增发、发行可转换公 司债券、发行分离交易的可转换公司债券等）以及非公开发 行证券向投资者募 ...

Group 1 - China Southern Airlines held a cultural tourism promotion event in San Francisco, showcasing its route network and service advantages in North America, aimed at enhancing Sino-U.S. business exchanges and cultural interactions [1][4] - The event was attended by nearly a hundred representatives from local businesses, cultural tourism agencies, travel agencies, and the aviation industry, indicating strong interest in the "Hello China" theme and the airline's offerings [1][4] - The Consul General of China in San Francisco, Zhang Jianmin, highlighted the initiative to invite 50,000 American youth to China for cultural exchange, emphasizing the increasing number of American youth visiting China [3] Group 2 - China Southern Airlines operates multiple trans-Pacific routes covering major North American cities such as Los Angeles, San Francisco, New York, Toronto, Vancouver, and Mexico City, providing convenient travel options for various passenger demographics [4] - The airline leverages its hub in Guangzhou to enhance transfer efficiency, offering smoother travel experiences for North American travelers heading to China and other major Asian cities [4] - The event also focused on promoting China's entry policies and direct flight routes between China and the U.S., with live performances by artists from the San Francisco Conservatory of Music to foster communication and cultural exchange [6][7]

西安咸阳国际机场关于南航等 7 家航空公司搬迁运行的公告 三秦四季，常来长安。西安咸阳国际机场祝您旅途愉快！ 西安咸阳国际机场股份有限公司 来源：1018陕广新闻 亲爱的旅客朋友们： 2025年12月24日22:00起，南方航空（CZ）、厦门航空（MF）、四川航空（3U）、江西航空（RY）、 河北航空（NS）、重庆航空（OQ）、春秋航空（9C）所有国内进出港客运航班将由T3航站楼转至T5 航站楼运营。 乘坐以上航空公司航班出行的旅客，请您提前核对订票信息中的出行日期、所在航站楼，避免走错。如 需帮助，请拨打机场客服热线029-96788，或咨询现场工作人员。 来源：西安咸阳国际机场 2025年12月10日 ...

Core Insights - The international airline market is experiencing intensified competition as airlines prepare for peak travel periods around New Year's, winter holidays, and the Spring Festival [1] Group 1: New Route Developments - China Southern Airlines (CZ377) launched a new route from Guangzhou to Madrid, achieving over 90% seat occupancy on return flights [2] - China Southern Airlines also inaugurated a direct flight from Guangzhou to Darwin, reducing travel time to approximately 6 hours [2] - Eastern Airlines opened a significant new route from Shanghai to Buenos Aires via Auckland, marking the longest single-route flight globally and filling a gap in direct flights to South America [2] - Hainan Airlines announced three new Southeast Asia routes, including Haikou to Kuala Lumpur and Ho Chi Minh City, set to open in December [2][3] - Sichuan Airlines resumed its direct flight from Chengdu to Auckland [3] Group 2: Travel Demand and Booking Trends - Flight ticket bookings for the upcoming New Year holiday have surged, with domestic route bookings exceeding 1.06 million, a year-on-year increase of approximately 45%, and international route bookings surpassing 530,000, up about 15% [4] - Popular outbound destinations for the New Year include Bangkok, Seoul, and Singapore, with long-distance destinations like London and Sydney also in demand [4] - The travel booking platform reported a significant increase in interest for outbound travel products, with overall booking activity rising over 30% compared to the previous year [4] - There is a growing interest in long-haul destinations such as Australia, Turkey, Egypt, and Switzerland, indicating a shift towards more diverse travel options [5] - The expansion of international routes is expected to enhance flight accessibility and meet the increasing demand for travel from China and to China [5]

Investment Summary - The transportation industry has shown a significant underperformance compared to the broader market, ranking among the lowest in terms of growth within the Shenwan primary industry indices as of December 8, 2025 [15][16] - The implementation of anti-involution policies has positively impacted the fundamentals of certain segments within the transportation sector, particularly benefiting the aviation and express delivery sectors [26][30] 2026 Outlook - The focus for 2026 remains on sectors benefiting from anti-involution policies and high-certainty stocks, with a long-term impact expected from these policies on stock price movements [5][34] - Key sectors to watch include aviation, express delivery, and regional shipping, while high-dividend and low-debt companies are expected to attract more investor interest in weaker cyclical areas [5][34] Express Delivery Sector - The express delivery industry has seen a recovery in profitability driven by rising single-package prices, with major companies like YTO Express and Shentong Express showing significant improvements [6][35] - The trend of price competition has been curtailed, leading to a decrease in package volume growth as companies focus on maintaining service quality and profitability [6][38] - The competitive strategies among companies have diverged, with YTO and Shentong performing strongly, while Yunda has struggled with profitability and market share [42][53] Aviation Sector - The aviation sector has experienced a notable improvement in performance since Q2 2025, with major airlines reporting increased profitability compared to the previous year [63][64] - The focus for 2026 will be on the transition from high passenger load factors to higher ticket prices, supported by controlled supply and strong demand [69][87] - Major airlines are expected to maintain cautious procurement strategies, with a projected fleet growth of around 5% in 2026 [69][80] Highway Sector - The highway sector has faced significant adjustments in stock prices, leading to a more rational market approach towards high-dividend investments [8][4.1] - Following substantial adjustments, the attractiveness of highway stocks has improved, with a focus on companies with high dividend ratios and low debt levels [8][4.3]

智通财经2025-12-10 17:25:05 温先生日前向澎湃公众互动平台""投诉称，他购买的8月26日漠河-哈尔滨CZ6272航班"因公司原因"取 消，导致其无法赶上后续航班。最终，后续航班退票产生手续费损失，南航未予赔偿和书面道歉。 南航曾回复温先生的投诉称，该司已给予旅客客票非自愿变更，"旅客所述后序海南航空航班与我司非 联程，属于独立运输合同关系"。南航表示沟通中已致歉，致歉有多种方式。 北京市中闻律师事务所吴泽栋律师指出，如航空公司因自身原因，如飞机故障、机组调配、公司计划调 整等非不可抗力迟延运输或无法正常运输，需要赔付旅客的直接合理损失。 10月9日晚，南航客服告诉智通财经，航班取消的"公司原因"系因"公司保障迟缓"，更详细原因无法查 询到。 智通财经记者 段彦超 实习生 施雨暄 "南方航空取消航班致旅客接续航班退票损失"一事，有了新进展。12月10日，当事人温先生告诉智通财 经，智通财经报道当晚（9日晚），南航客服联系他，称愿赔偿其514元损失，但需提供损失证据，此 后，其提供了证据。目前，他已拿到514元赔偿。 ...

Core Insights - The international airline market is experiencing intensified competition as airlines prepare for the peak travel season around New Year's, winter holidays, and the Spring Festival [1] Group 1: New Routes and Capacity Expansion - Multiple airlines, including China Eastern Airlines (CEA), China Southern Airlines (CSA), Hainan Airlines, and Juneyao Airlines, have launched, increased, or resumed international routes to capture passenger traffic [1] - CSA's new route from Guangzhou to Madrid has seen a high occupancy rate of over 90% for both outbound and return flights [2] - CSA has also launched a direct flight from Guangzhou to Darwin, reducing travel time to approximately 6 hours, and CEA has opened a significant route from Shanghai to Buenos Aires via Auckland, marking the longest single-route flight and filling a gap in direct flights to South America [4] Group 2: Southeast Asia and Future Plans - Hainan Airlines announced three new Southeast Asia routes, including direct flights from Qionghai to Kuala Lumpur and planned routes from Haikou to Ho Chi Minh City and Hanoi [6] - Juneyao Airlines plans to launch a direct flight from Shanghai to Tawau, Malaysia, in January 2026, enhancing access to popular diving destinations [6] - Sichuan Airlines has resumed its direct flight from Chengdu to Auckland, and CSA will increase its Guangzhou to Sydney flights to four round trips daily during the peak season [6] Group 3: Travel Demand and Booking Trends - Flight ticket bookings for the upcoming New Year holiday have increased significantly, with domestic route bookings exceeding 1.06 million, up approximately 45%, and international route bookings surpassing 530,000, up about 15% [7] - Popular international destinations for the New Year include Bangkok, Seoul, and Singapore, with long-haul destinations like London and Sydney also gaining traction [7] - There is a notable increase in bookings for long-distance flights to Australia, Turkey, Egypt, and Switzerland, indicating a shift in traveler preferences towards more diverse and distant destinations [8] Group 4: Market Outlook - The continuous opening and enhancement of mid- to long-haul international routes are expected to improve flight accessibility and expand the global route network [10] - New routes such as Guangzhou to Darwin and Shanghai to Buenos Aires effectively tap into the long-haul market, catering to the growing demand from Chinese travelers and foreign visitors to China [10]

Core Insights - The aviation and airport sector saw a rise of 1.14% on December 10, with HNA Holding leading the gains [1] - The Shanghai Composite Index closed at 3900.5, down 0.23%, while the Shenzhen Component Index closed at 13316.42, up 0.29% [1] Stock Performance - HNA Holding (600221) closed at 1.80, up 4.05% with a trading volume of 8.32 million shares [1] - Shanghai Airport (600009) closed at 32.39, up 1.73% with a trading volume of 147,300 shares [1] - Southern Airlines (600029) closed at 6.98, up 1.16% with a trading volume of 258,000 shares [1] - Shenzhen Airport (000089) closed at 6.98, up 1.01% with a trading volume of 88,900 shares [1] - China National Aviation (601111) closed at 8.24, up 0.73% with a trading volume of 306,800 shares [1] - Baiyun Airport (600004) closed at 9.71, up 0.62% with a trading volume of 108,200 shares [1] - Huaxia Airlines (002928) closed at 10.02, up 0.60% with a trading volume of 120,500 shares [1] - Juneyao Airlines (603885) closed at 13.48, up 0.60% with a trading volume of 123,400 shares [1] - China Eastern Airlines (600115) closed at 5.08, up 0.59% with a trading volume of 473,000 shares [1] - CITIC Offshore Helicopter (000099) closed at 20.18, up 0.30% with a trading volume of 56,600 shares [1] Capital Flow - The aviation and airport sector experienced a net outflow of 3.6965 million yuan from institutional investors, while retail investors saw a net inflow of 8.92532 million yuan [2] - The overall capital flow indicates a mixed sentiment among different investor types within the sector [2] Individual Stock Capital Flow - HNA Holding saw a net inflow of 14.2 million yuan from institutional investors, but a significant outflow of 85.3144 million yuan from retail investors [3] - China Eastern Airlines had a net inflow of 23.1458 million yuan from institutional investors, with retail investors also experiencing a net outflow [3] - China National Aviation had a net inflow of 9.8210 million yuan from institutional investors, while retail investors had a net inflow of 660.88 million yuan [3] - Baiyun Airport had a net inflow of 3.9543 million yuan from institutional investors, but retail investors faced a net outflow [3] - Huaxia Airlines had a net inflow of 3.0489 million yuan from institutional investors, with retail investors showing a slight net inflow [3]

到深耕民航9年、零差错飞行的 资深飞行员 转自：北京日报客户端 广州白云国际机场的跑道上，一架C919正准备起飞。这是C919首位女机长的首航之旅。驾驶舱内，飒 爽干练的"追云者"正全神贯注地完成起飞前的每一项操作。 她是于悦 南航资深飞行员 也是C919首位女机长 从童年仰望飞机的小女孩 再到突破挑战转型驾驭 C919的"追云者" 她以热爱为翼、以坚守为舵 在云端书写着中国民航人 的逐梦篇章 今天，让我们一起来了解 她的逐梦之旅 图片来 源：中国南航 01 从仰望到逐梦：迈出坚实的每一步 "每天上学的路上，抬头就能看见飞机掠过天际。"引擎的轰鸣声早已融入了她的童年记忆。祖籍湖南， 成长于广州的于悦，自小生活在机场附近。她看着吨量级的飞机迎风而上，穿云破雾，心中满是好 奇，"飞机很神奇，飞行很酷"的种子在她的心底生根发芽。 图片来 源：中国南航 那时的她虽对飞行满怀向往，但提到"飞行员"，脑海中总是浮现出身穿制服、头戴大沿帽，昂首挺胸的 帅气男机长，于是她便把梦想悄悄地藏在了心底。 高三那年，民航院校来学校招飞行员。"哪怕只有万分之一的机会，也要试一次。"抱着这样的念头，她 报名参加选拔，最终凭借过硬的身体素 ...

12月8日，有网友发现12月9日从上海浦东飞往伦敦的航班出现100元低价票。 12月9日，记者查询携程平台发现，12月9日当天有多趟上海浦东至伦敦的航班，如果仅看 单程直飞，当日只有东方航空的航班，机票含税价格为6619元起。而涉及中转的国航、国 泰、阿联酋等航司航班，票价在2千到3千元。当日南航从浦东起飞、经停武汉飞往伦敦的 含税票价为1489元起，进一步点击预订详情后会显示，成人票基础票价为100元，税费为 1389元，总价1489元，应该就是网友所说的100元低价票。 上海飞伦敦100块的消息迅速传播，也让不少想出行的网友激动不已。有网友发文写道，第 一反应是手机坏了，第二反应是"这比我打车去机场还便宜"，当看到舱位充足时开始心跳 加快，点进购票页面结算时才发现总价是1489元，那张"100元机票"，只是不含税的"数字 幻觉"。 来源：极目新闻 更多财经视频，请关注视频号"新浪财经" 往期回顾 (3) 连 接 财 富 下 载 新 浪 财 经 客 户 端 该价位持续至12月29日，在武汉中转9小时55分，行李直达，航班总时长为23小时55分。 在 南航App上同样能查询看该航班，显示武汉机场方面还提供免费 ...