声明：市场有风险，投资需谨慎。本文为AI大模型基于第三方数据库自动发布，任何在本文出现的信 息（包括但不限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成 个人投资建议。受限于第三方数据库质量等问题，我们无法对数据的真实性及完整性进行分辨或核验， 因此本文内容可能出现不准确、不完整、误导性的内容或信息，具体以公司公告为准。如有疑问，请联 系biz@staff.sina.com.cn。 责任编辑：小浪快报 根据喜娜AI异动分析，中国东航涨停原因可能如下，客运增长+国际航线复苏+资产处置溢价： 1、公司 客运业务全面增长，多个月份客运周转量同比增幅超10%，客座率提升至87%左右；国际航线强劲复 苏，客运周转量同比增幅超20%。客运收入占比达92.5%，客运和国际航线的良好表现对公司营收有重 要积极影响。2025年利润总额扭亏为盈，亏损大幅减少，经营成果显著改善。 2、公司多笔房产交易增 值率超60%，直接增厚利润，且资产处置资金快速回笼，10个工作日内全额付款，改善了现金流。同时 公司建立双重汇率对冲机制，航油成本管控比例合理，引进C919等国产机型优化机队结构，长期成本 可控性增强 ...

2026年春节长假渐行渐近，全民出行热潮开启，资金布局热情高涨。根据深圳证券交易所于2026年2月4 日公布的数据，截至2月3日，富国基金旗下旅游ETF（159766）的最新份额已达到1073364.09万份，突 破百亿份关口。这体现出市场对旅游出行板块的高度认可，资金"抢筹"迹象明显。 业内机构指出，当前旅游板块的配置价值兼具短期爆发力与中长期确定性，资金的大幅流入反映了市场 对服务消费复苏的强烈信心。从基本面看，航空运输的运力恢复、酒店餐饮的入住率回升以及景区客流 的爆发，都为板块业绩提供了坚实支撑。在当前时点，旅游板块不仅具备短期假期催化的爆发力，更具 备中长期业绩修复的确定性，估值性价比逐步凸显。 这背后是政策暖风与节日效应的共振。2026年开年以来，服务消费领域持续迎来政策支持，多部门相继 推出的促消费举措为行业注入强心剂。同时，春运大幕正式拉开，全国铁路、民航、公路客流持续攀 升，春节"黄金周"的催化作用正在兑现；"返乡潮"叠加"避寒游"、"冰雪游"双轮驱动，引爆出行链热 度。 （文章来源：每日经济新闻） 富国基金旗下的旅游ETF（159766）紧密跟踪中证旅游主题指数（930633.CSI），成 ...

Industry Dynamics Tracking - The overall container shipping rates have decreased, with the SCFI composite index dropping by 9.7% to 1317 points. Specific routes such as Shanghai-Europe and Shanghai-Mediterranean saw declines of 11.1% and 12.0% respectively [3][4] - The refined oil tanker rates have increased, with the BCTI index rising by 4.6% to 890 points. The MR rates in the Pacific and Atlantic regions showed mixed results, with a notable increase of 12.7% in the Atlantic [8] - The logistics sector is witnessing a resilient demand, with the e-commerce express delivery industry expected to benefit from a recovery in the economy and a reduction in costs, leading to improved profitability for companies like SF Express and JD Logistics [12] Air Transport - The civil aviation sector is showing signs of recovery, with major airlines like China Southern and Hainan Airlines expected to turn profitable in 2025, while Eastern and Air China are projected to reduce their losses significantly [3] - The State Council has issued a plan to accelerate the cultivation of new growth points in service consumption, focusing on transportation services among others, which is expected to support the aviation sector [3] Shipping and Port Operations - The dry bulk shipping market is experiencing a "strong off-season" due to a combination of high demand in the Atlantic region and tight capacity, with the BDI index rising by 12.0% to 1949 points [8] - The geopolitical situation in the Middle East is tense, with the U.S. increasing military presence and Iran conducting live-fire exercises, which could impact oil shipping routes [6] - China's port cargo throughput has decreased, with a reported decline of 1.70% in total cargo and a 4.35% drop in container throughput [9] Road and Rail Transport - National logistics operations are running smoothly, with rail freight volumes reported at 7441.9 million tons, a decrease of 3.35% [10] - Shenzhen International reported a 3.3% increase in toll revenue for December 2025, indicating stable revenue growth in the road transport sector [11] Investment Opportunities - In the express delivery sector, companies like YTO Express and ZTO Express are expected to benefit from market share growth and operational improvements, while SF Express is noted for its cost control and shareholder returns [12] - The oil transportation market is anticipated to improve due to OPEC+ production increases and potential interest rate cuts, suggesting a favorable outlook for companies like China Merchants Energy and COSCO Shipping Energy [13] - The dry bulk shipping market is expected to continue its recovery, driven by environmental regulations and increased demand for commodities, with companies like China Merchants Energy and Haitong Development highlighted as potential beneficiaries [13]

中国青年报客户端讯（中青报·中青网记者 王烨捷）2月2日，为期40天的2026年春运拉开帷幕。记者从 中国东方航空获悉，今年东航超3000个航班服务春运。 东航机器人"东东"上线助力。中国东航供图 来源：中国青年报客户端 春运首日 从春运首日航线情况来看，国际方面，从上海始发前往巴黎、马德里、伦敦、釜山、清迈、马尔代夫等 国际航点的航班客座率超90%。国内方面，上海前往哈尔滨、长春、三亚、昆明等航点的航班客座率达 85%以上，冰雪游、避寒游航线受追捧，客流呈现向"一南一北"聚集态势。 ...

贝壳财经记者查询发现，根据东航公布的国际航班高速Wi-Fi套餐价格，日韩航线为88 元/全航程，其他 国际航线258元/全航程。 另据了解，东航是国内首家实现空中Wi-Fi服务全程可用的航空公司。2023年8月，成为国内首家在飞行 高度3000米以下仍开放空中Wi-Fi服务的航空公司；2025年8月起，东航将国内"空中快线"航班的免费 Wi-Fi服务从头等舱、公务舱拓展至超级经济舱及指定经济舱舱位；同年10月，东航再次对"空中快 线"Wi-Fi服务进行升级，所有宽体机执行的国内"空中快线"航班提供经济舱全舱位基础版WiFi服务。 2026年1月1日，东航将免费Wi-Fi覆盖到了所有宽体机执飞的国内航班。 新京报贝壳财经讯（记者俞金旻）2月3日，记者从中国东方航空公司获悉，2026年除夕（2月16日）， 东航将为所有宽体机执飞的国际及港澳台地区入境航班旅客免费赠送4个半小时高速Wi-Fi，旅客可于北 京时间20:00至次日00:30收看马年春晚直播。 编辑 陈莉 校对 穆祥桐 贝壳财经记者了解到，此次云端观春晚活动，是以技术为纽带，打破物理距离的限制，让"天涯共此 时"的梦想照进现实，让乡愁在高速网络中消散，让 ...

Group 1 - The aviation and airport sector increased by 2.35% on February 3, with Southern Airlines leading the gains [1] - The Shanghai Composite Index closed at 4067.74, up 1.29%, while the Shenzhen Component Index closed at 14127.1, up 2.19% [1] - Key stocks in the aviation sector showed varied performance, with Southern Airlines closing at 7.65, up 5.37%, and China Eastern Airlines at 5.71, up 4.20% [1] Group 2 - The aviation and airport sector experienced a net outflow of 43.44 million yuan from institutional investors, while retail investors saw a net outflow of 106 million yuan [3] - Notable inflows from speculative funds were recorded at 149 million yuan [3] - The stock performance of major companies included China Eastern Airlines with a net inflow of 69.47 million yuan from institutional investors [4] Group 3 - The Aerospace ETF (product code: 159227) tracked the National Aerospace Industry Index and saw a decline of 8.15% over the past five days, with a net subscription of 12.87 million yuan [6] - The General Aviation ETF (product code: 159230) tracked the National General Aviation Industry Index and experienced a decline of 9.25%, with a net subscription of 10.71 million yuan [7] - The Tourism ETF (product code: 562510) tracked the CSI Tourism Theme Index and saw a decline of 2.92%, with a net subscription of 8.91 million yuan [7]

日前，南航、东航、国航、海航四大航司相继披露了2025年的业绩预告。南都N视频记者梳理公告获 悉，在民航业持续复苏的背景及公司各项成本管控举措下，南航、海航预计2025年将实现扭亏为盈，其 中海航盈利水平仍居四大航之首，且扭亏幅度最大。中国国航净亏损同比扩大，东航净亏损收窄，预计 利润总额将实现同比扭亏。 南航海航预计2025年扭亏为盈 南航预计，2025年度将实现扭亏为盈，实现归母净利润8亿元至10亿元，上年同期录得净亏损16.96亿 元，增长24亿元至26亿元。同期，实现归母扣除非经常性损益后的净利润1.3亿元到1.9亿元。南航因不 同于国航东航，未将货运物流板块拆分，因此货运业务的增长也为整体业绩的改善带来积极影响。 中国国航预计，2025年将实现归母净亏损约13亿元至19亿元，同比增亏至净亏损2.37亿元。同期，实现 归母扣除非经常性损益的净亏损约为19亿元到27亿元。国航称，亏损原因是，公司在资产负债表日对递 延所得税资产的账面价值进行复核，相应转回部分递延所得税资产。 海南航空预计，2025年将实现扭亏为盈，实现归母净利润18亿元至22亿元，上年同期录得净亏损9.21亿 元，增长27.21亿元至3 ...

Core Insights - The 2026 Spring Festival travel season, starting on February 2, is expected to see a record high in passenger volume, with increased demand for services from airlines due to overlapping travel for family visits, tourism, and students [1][2] Group 1: Digital Innovations in Ticketing - China Eastern Airlines (CEA) has launched an "online ticket standby" service to facilitate ticket purchasing during peak travel times, allowing passengers to submit standby requests through the CEA app without manual intervention [2] - The "unified order" project, launched in March 2025, allows passengers to request ticket refunds directly through CEA's official platforms, enhancing the self-service experience and transparency in the refund process [3] - The "product shopping cart" feature, introduced in June 2025, enables passengers to customize their ticket purchases by combining flights with various ancillary services, catering to diverse travel needs during peak seasons [4] Group 2: Enhanced Customer Experience - CEA's "upgrade in advance" project, set to launch in April 2025, will provide passengers with early upgrade options, allowing them to receive upgrade offers before flight departure and complete the process via a link sent through SMS [6] - The airline has established a cooperative network with China Southern Airlines and Air China, allowing passengers to purchase tickets from multiple airlines through CEA's platform, enhancing travel options and convenience [7] - CEA's marketing department indicates that these innovations are part of a broader strategy to leverage digital transformation to improve passenger ticketing experiences and meet diverse travel demands [7]

为应对客流增长，东航今年春运在广东投入的座位数同比增加超过10万个，增幅达8.43%；执行航班约 8100班，同比增长约5.11%；预计运输旅客128万人次，同比增长8.21%。 根据目前广东各机场的客票销售情况来看，2026年春运返乡、探亲、学生、旅游等客流已形成叠加态 势，客票预订量近期迎来显著增长。 为应对旅客出行需求，东航在广州加密了往返西安、昆明、成都、兰州、太原、南京的航班；在深圳加 密了往返大理、太原、武汉航班，并新增深圳往返哈尔滨的直飞航班；在珠海加密了往返昆明、上海虹 桥的航班；在近年来火爆的潮汕市场，新增或加密往返上海、成都、南京、郑州、北京、宁波、昆明、 南昌、兰州等地的航班；在湛江加密往返南京、上海、武汉、南昌、成都的航班；在梅州新增往返上海 浦东的航班。 中新网广州2月3日电 (记者 郭军)2026年春运2日开启。记者从各大航空运输单位了解到，为服务广东地 区不断增长的旅客出行需求，各大航空公司纷纷增加运力投入，多措并举提升服务保障水平。 另一方面，今年春运的返乡、探亲客流也受到长假期的利好影响，特别是"先返乡探亲、后出门旅 游"的"二次出行"模式会更为普遍。东航预计节前节后将迎来一 ...

Group 1: Industry Dynamics - The overall container shipping rates have decreased, with the SCFI composite index dropping by 9.7% to 1317 points, and specific routes such as Shanghai-Europe and Shanghai-Mediterranean seeing declines of 11.1% and 12.0% respectively [1][8] - The refined oil tanker rates have increased, with the BCTI index rising by 4.6% to 890 points, while the MR rates for the Pacific and Atlantic regions showed mixed results [1][9] - The dry bulk market has shown strength during the traditional off-season, with the BDI index increasing by 12.0% to 1949 points, driven by a mismatch in supply and demand [1][8] Group 2: Express Logistics - YTO Express held a conference emphasizing the importance of building a resilient supply chain and adhering to national postal policies [2] - The State Post Bureau has prioritized the governance of illegal charges in rural express delivery as part of its 2026 initiatives [3] - Macro trends indicate a resilient demand in the e-commerce express delivery sector, with companies like SF Express and JD Logistics expected to benefit from cyclical recovery and cost control [13] Group 3: Aviation Sector - The civil aviation sector is showing signs of recovery, with major airlines like China Southern and Hainan Airlines expected to turn profitable in 2025, while others like China Eastern and Air China are projected to reduce losses significantly [4] - The State Council has issued a plan to enhance service consumption, which includes transportation services, aiming to stimulate economic growth [4] - Spring Festival travel demand is strong, with domestic flight bookings exceeding 7.16 million, reflecting a 16% increase compared to the previous year [5][6] Group 4: Shipping and Port Operations - The geopolitical situation in the Middle East remains tense, with the U.S. increasing military presence, which could impact oil shipping routes [7] - The Atlantic freight market is experiencing a surge, with dry bulk rates showing unexpected strength due to concentrated cargo volumes and tight capacity [8] - China's port cargo throughput has decreased, with a reported decline of 1.70% in total cargo and a 4.35% drop in container throughput [10] Group 5: Road and Rail Transport - National logistics operations are running smoothly, with rail freight volumes showing a slight decline of 3.35% [11] - Shenzhen International reported a 3.3% increase in toll revenue for December 2025, indicating stable growth in road transport [12] - Zhongyuan Express plans to recognize credit impairment and asset impairment provisions totaling 950 million, forecasting a 30% decline in annual net profit [12]