SHANGHAI, Oct. 21, 2025 (GLOBE NEWSWIRE) -- On October 19, the Fifth “2025 North Bund Forum”, co-hosted by the Ministry of Transport and the Shanghai Municipal People's Government and jointly organized by China Eastern Airlines (CEA) and Shanghai Airport Authority (AVINEX), opened at the Grand Halls in Shanghai. With the theme "Innovation & Intelligence: Shaping Aviation's Next Era", the forum brought together nearly 300 government and industry representatives, as well as experts and scholars worldwide, to ...

新航季开启后，无锡至揭阳潮汕之间的航线将实现复飞，每周一、三、五、七晚上7点起飞，2小时20分钟到达目的地。东航在这两座城市间架起便捷的空 中桥梁，为广大航班旅客开启一场潮汕美食与人文之旅的美妙旅途。 与此同时，一些热门航班也将优化。比如说，无锡至西安每日三班，让游客随时都能开启一场文化之旅，踏上古老的城墙，漫步在兵马俑的阵列间，感受 历史的厚重与沧桑。还可以品味地道西安美食，追寻大唐盛世。"春城"昆明，以其四季如春的气候和绝美的自然风光闻名遐迩，无锡至昆明航班每日两 班，为乘客打开通往这片世外桃源的大门。 新航季即将开启，无锡出发飞向新旅程。记者从无锡相关部门获悉，随着10月26日新航季即将全新启航，东航江苏公司恢复、优化多条航线，为旅客带来 更多的出行选择，更好的出行体验。 校对盛媛媛 此外，无锡至哈尔滨、澳门、首尔等国内外城市的航班也将优化，带领乘客体验不同的风情。工作人员提醒，航班计划将持续更新，广大旅客应以系统发 布为准。而通过东航官网、东航订票热线95530等渠道，均可购买机票。 扬子晚报/紫牛新闻记者张建波 ...

SHANGHAI--(BUSINESS WIRE)--On October 19, the Fifth "2025 North Bund Forum†, co-hosted by the Ministry of Transport and the Shanghai Municipal People's Government and jointly organized by China Eastern Airlines (CEA) and Shanghai Airport Authority (AVINEX), opened at the Grand Halls in Shanghai. With the theme "Innovation & Intelligence: Shaping Aviation's Next Era", the forum brought together nearly 300 government and industry representatives, as well as experts and scholars worldwide, to. ...

SHANGHAI, Oct. 21, 2025 (GLOBE NEWSWIRE) -- On October 19, the Fifth “2025 North Bund Forum”, co-hosted by the Ministry of Transport and the Shanghai Municipal People's Government and jointly organized by China Eastern Airlines (CEA) and Shanghai Airport Authority (AVINEX), opened at the Grand Halls in Shanghai. With the theme "Innovation & Intelligence: Shaping Aviation's Next Era", the forum brought together nearly 300 government and industry representatives, as well as experts and scholars worldwide, to ...

【文/观察者网 邓军 编辑/赵乾坤】 中国民航业正式迈入客舱免费上网服务普及的新阶段。 据中国东方航空（以下简称"东方航空"）透露，自2025年10月11日起，东方航空升级"空中快线"航班的 Wi-Fi服务，所有由宽体机执飞的国内"空中快线"航班将面向经济舱全舱位旅客提供免费Wi-Fi服务。该 服务将覆盖上海虹桥—北京首都、上海虹桥—广州、北京大兴—杭州、北京大兴—西安等多条热门航 线。 此消息发布后，在网上迅速引发网友热议。有网友评论称："以后出差我可要坐东航了""东航走在最前 沿，以后航班上网络免费是趋势""今后这就是行业标准了""就等这一天了，空中不再'失联'"。 东方航空 东方航空相关负责人向观察者网表示，在服务推广方面，公司将坚持"先行试点、分步推进"的原则，以 现有的37条"空中快线"为基础，后续将结合运行数据、旅客反馈以及系统承载能力，逐步将免费Wi-Fi 服务扩展至更多国内航班。在国际及地区航线上，东方航空也将持续评估技术可行性，力求让更多乘客 享受到这一便利服务。 据中国香港《南华早报》最新报道，有知情人士透露，若宽体机免费Wi-Fi服务运行顺利，东方航空未 来也将考虑在窄体机队中拓展空中互 ...

Core Viewpoint - The domestic airline ticket prices in September showed a year-on-year increase driven by improved supply and demand dynamics, with expectations for a turning point in Q4 2025 as the supply-demand gap narrows [1] Industry Dynamics - In September, the demand for air travel benefited from increased passenger flow and longer flight distances, resulting in a higher growth rate than supply. The passenger load factor for both domestic and international routes reached record highs [1] - The six listed airlines in A-shares reported a combined ASK/RPK growth of +4.0%/+7.1% year-on-year in September, with domestic passenger load factors reaching 87.3%, an increase of 2.1 percentage points year-on-year, marking the highest level for September in history [1] - For international routes, the supply growth rate slowed, leading to a widening gap with demand growth. The ASK/RPK for international routes increased by +8.7%/+13.6% year-on-year, with a passenger load factor increase of 3.5 percentage points [1] Aircraft Utilization and Pricing - The aircraft utilization rate in September remained high at 7.8 hours, with narrow-body aircraft showing a slight increase of +0.4% year-on-year [2] - The domestic passenger load factor for the six airlines reached 87.3%, up 2.1 percentage points year-on-year, and 3.9 percentage points compared to 2019, achieving a historical high [2] - Domestic economy class ticket prices increased by +0.6% year-on-year, while international ticket prices decreased by -15.2% [2] Fleet Expansion - The fleet of the six listed airlines grew by 0.3% month-on-month, with a total of 3,340 aircraft managed as of September 2025, reflecting a net increase of 11 aircraft [3] - The main aircraft types introduced were narrow-body models, including 19 new narrow-body aircraft in September [3] Investment Targets - Key companies to watch include China Eastern Airlines (600115.SH), Huaxia Airlines (002928.SZ), Air China (601111.SH), China Southern Airlines (600029.SH), Juneyao Airlines (603885.SH), and Spring Airlines (601021.SH) [4]

Core Viewpoint - China Eastern Airlines has experienced a significant stock price increase, with a 6-day consecutive rise totaling an 18.78% gain, reflecting positive market sentiment and potential investment opportunities [1]. Group 1: Company Overview - China Eastern Airlines, established on April 14, 1995, and listed on November 5, 1997, is headquartered in Shanghai and primarily engages in passenger, cargo, and mail transportation services, along with related services [1]. - The company's main revenue sources include passenger service revenue (92.50%), cargo service revenue (3.86%), ticket refund fees (1.74%), other services (1.28%), and ground services (0.62%) [1]. Group 2: Fund Holdings - Ping An Fund holds a significant position in China Eastern Airlines through its fund, Ping An Hengze Mixed A (009671), which has 233,300 shares, accounting for 1.93% of the fund's net value, making it the fourth-largest holding [2]. - The fund has realized a floating profit of approximately 21,000 yuan today and a total of 179,600 yuan during the 6-day stock price increase [2]. Group 3: Fund Manager Performance - The fund manager of Ping An Hengze Mixed A, Liu Binbin, has been in charge for 3 years and 270 days, with the fund's total asset size at 637 million yuan [3]. - During Liu's tenure, the fund has achieved a best return of 9.25% and a worst return of -12.84% [3].

Core Viewpoint - China Eastern Airlines' stock has shown significant growth in recent trading sessions, reflecting positive market sentiment and financial performance [1][2]. Financial Performance - As of June 30, 2025, China Eastern Airlines reported operating revenue of 668.22 billion yuan, a year-on-year increase of 4.09% [2]. - The company experienced a net profit attributable to shareholders of -14.31 billion yuan, which represents a year-on-year increase of 48.30% [2]. Stock Performance - The stock price of China Eastern Airlines increased by 22.00% year-to-date, with a 17.59% rise over the last five trading days, 22.61% over the last twenty days, and 26.75% over the last sixty days [1]. - The stock was trading at 4.88 yuan per share, with a market capitalization of 108.78 billion yuan [1]. Shareholder Information - As of June 30, 2025, the number of shareholders decreased by 11.06% to 155,100 [2]. - The top ten circulating shareholders include China Securities Finance Corporation and Hong Kong Central Clearing Limited, with holdings of 430 million shares and 300 million shares, respectively [3]. Dividend Information - Since its A-share listing, China Eastern Airlines has distributed a total of 32.96 billion yuan in dividends, with no dividends paid in the last three years [3].

交通运输物流行业 2025 年 9 月航空数据点评 | 代码 | 简称 | 股价（元） | | EPS（元） | | | PE（倍） | | 评级 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | | | 601111.SH | 中国国航 | 8.69 | 0.06 | 0.34 | 0.47 | 145 | 26 | 18 | 推荐 | | 600115.SH | 中国东航 | 4.78 | -0.05 | 0.16 | 0.23 | - | 30 | 21 | 推荐 | | 600029.SH | 南方航空 | 6.60 | 0.10 | 0.23 | 0.42 | 66 | 29 | 16 | 推荐 | | 601021.SH | 春秋航空 | 54.61 | 2.65 | 3.03 | 3.55 | 21 | 18 | 15 | 推荐 | | 603885.SH | 吉祥航空 | 14.23 | 0.76 | 1. ...

Investment Rating - The investment rating for the transportation industry is "Positive" (maintained) [3] Core Views - The express logistics sector is experiencing resilient demand, with a "de-involution" trend driving up express prices, enhancing corporate profitability. The long-term outlook for e-commerce express logistics is positive due to healthy competition [3][13] - The shipping sector is expected to benefit from the OPEC+ production increase and the Federal Reserve's interest rate cuts, with a notable improvement in VLCC freight rates anticipated in Q4 2025 [13] - The aviation industry is seeing stable demand growth, with supply chain issues leading to increased costs for airlines. The overall passenger demand is projected to grow by 10.4% in 2024, outpacing capacity growth [9][14] Summary by Sections Express Logistics - In September 2025, major express companies reported improved performance, with YTO, Shentong, and Yunda achieving business volumes of 2.627 billion, 2.187 billion, and 2.110 billion pieces, respectively, representing year-on-year growth of 13.64%, 9.46%, and 3.63% [3][27] - The average revenue per piece for these companies also saw increases, indicating a trend of rising prices in the express delivery sector [3][27] Shipping and Ports - The implementation of new port fees between China and the US is expected to create a dual market structure, granting strategic pricing power to compliant shipping capacities [5] - China has secured pricing power for iron ore, marking a significant shift in global commodity trade dynamics [6] - The Shanghai Container Freight Index (SCFI) rose by 12.9% week-on-week, indicating a positive trend in shipping rates [7] Aviation - The International Air Transport Association (IATA) reported that supply chain bottlenecks are delaying aircraft production, leading to increased costs for airlines, estimated to exceed $11 billion in 2025 [9] - Chinese airlines collectively oppose the US Department of Transportation's proposed flight restrictions, highlighting concerns over operational impacts [10] Road and Rail - National logistics operations were reported to be running smoothly, with significant increases in highway freight traffic [12] - The National Development and Reform Commission plans to enhance electric vehicle charging infrastructure along highways by 2027 [12] Overall Market Performance - From October 13 to October 17, 2025, the transportation sector index increased by 0.73%, outperforming the Shanghai Composite Index, which fell by 1.47% [18]