Core Viewpoint - China Eastern Airlines has launched a new direct international flight route from Xi'an to Vienna, enhancing trade, cultural exchange, and tourism between the two regions [1] Group 1: New Route Details - The new route will operate with an A330 aircraft, with round-trip flight numbers MU5063/4, flying three times a week on Mondays, Thursdays, and Saturdays [1] - The outbound flight departs from Xi'an Xianyang International Airport at 01:30 Beijing time and arrives at Vienna International Airport at 06:10 local time, with a total flight duration of approximately 10 hours and 40 minutes [1] - The return flight leaves Vienna at 13:30 local time and arrives back in Xi'an at 05:50 Beijing time the next day, with a total flight duration of about 10 hours and 20 minutes [1] Group 2: Strategic Importance - The launch of the Xi'an-Vienna route increases China Eastern Airlines' total number of European routes to 27, contributing to the development of the "Air Silk Road" network in Europe [1]

未来，东航将继续以旅客需求为导向，深化数智化转型，不断推出更多有温度、高效率的智慧出行服 务。（编辑：张薇，校对：李季威，审核：韩磊） 旅客候补申请提交后，系统将实时监控航班剩余座位，及时更新候补动态，实现"候补成功则自动出 票、候补失败则原路退款"的自动化操作。东航推出机票线上候补服务，通过数智化手段实现了旅客需 求与航班座位资源的精准对接，高效盘活了退票和增配座位资源，在保障旅客出行权益的同时，进一步 优化了航班运力配置。 《中国民航报》、中国民航网 记者钱擘 报道：1月29日晚间，中国东航面向"东方万里行"会员正式开放 机票线上候补，在国内航司中率先推出这一服务创新。 每逢春运、节假日等出行旺季，面对"一票难求"的热门航线，旅客过去只能或是不断刷手机，或是找线 下票务柜台、联系票代，了解有否因为退票、换大机型等原因而出现新的余票，耗时费力。为提升旅客 体验，东航推出了国内（不含港澳台地区）经济舱航班全流程线上候补服务通道。旅客只需登录东方航 空App，在搜索到目标航班后，即可提交候补申请，全程无需人工干预、无需线下奔波，真正实现"一 键候补"。 ...

此外，从2月16日起，第三架国产大飞机C919将正式入驻西安咸阳国际机场，执飞西安至上海、北京、 广州三大核心干线。整个春运期间，C919计划在西安执行712个班次，这不仅是旅客出行品质的升级， 更是陕西民航保障能力与国家高端制造水平的一次集中展示。 面对春运大考，东航西北分公司从安全、运行、服务三端协同发力。在全面强化除冰等复杂天气应对能 力的同时，着力打造充满人情味的"温暖春运"。 客舱与地面服务部门已制定精细化方案，从行李管 控、晚到旅客协助到节日氛围营造，全程守护旅客顺畅出行。春节期间，万米高空将开展"新春送祝 福"等主题互动，让旅途充满年味。 此外，东航一系列创新服务产品也将在春运期间发挥重要作用："行李门到门"服务使旅客可以"解放双 手"、轻松乘机"空手"回家过年；自1月1日起，东航为所有由宽体机执飞的国内（不含港澳台）航班头 等舱和公务舱旅客提供免费的畅享高速版Wi-Fi，为经济舱旅客提供标准版空中Wi-Fi服务，使旅客实现 在云端拜年、分享旅途精彩；全国125条航线的"宠物进客舱"服务，让"毛孩子"也能陪伴主人共赴团 圆；东航同步升级小件行李服务体验，针对旅客放置于前排座椅下方的软包等非托运行 ...

截至2026年1月29日收盘，中国东航(600115)报收于5.4元，下跌0.74%，换手率1.1%，成交量188.11万 手，成交额10.09亿元。 中国东方航空股份有限公司董事会2026年第1次会议于2026年1月27日召开，审议通过《关于公司2025年 套期保值工作总结及2026年工作计划的议案》和《关于公司2026年度内部审计工作计划的议案》。会议 同意公司在2026年开展汇率和航油套期保值业务，其中汇率方面，美元负债公允价值汇兑远期交易额度 上限为10亿美元，美元购汇现金流汇兑衍生业务额度上限为12亿美元；航油方面，以布伦特原油和上海 国际能源交易中心原油为基准，开展互换、期货合约，额度不超过1,425万桶，期限不晚于2028年。预 计任一交易日持有的最高合约价值不超过202.66亿元人民币，动用的交易保证金和权利金上限不超过 21.13亿元人民币。资金来源为自有资金和金融机构授信。上述事项已由董事会审计和风险管理委员会 审议通过，无需提交股东大会审议。公司已制定相关风控措施，包括设定止损线、选择信用良好的金融 机构作为交易对手等。 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备3101 ...

Market Overview - The Federal Reserve maintained the federal funds rate target range at 3.5%-3.75%, aligning with market expectations[9] - The Hang Seng Index closed at 27,827, down 2.58% for the day but up 8.57% year-to-date[3] - The S&P 500 index closed at 6,978, with a slight decrease of 0.01% for the day and a year-to-date increase of 1.94%[3] Stock Performance - Gold prices surged, with spot gold exceeding $5,280 per ounce, marking a monthly increase of over 22%[9] - Semiconductor stocks saw significant gains, with the Philadelphia Semiconductor Index rising by 2.34%[9] - Major tech stocks showed mixed results, with Intel up 11.04% and Microsoft down 6% post-earnings report[9] Sector Highlights - Oil stocks continued to rise, with Shanghai Petrochemical gaining over 5% due to geopolitical tensions driving oil prices up by 3%[9] - New consumer concept stocks performed well, with a snack retail chain soaring 69% on its debut[9] - Airline stocks faced pressure, with China Southern Airlines down 6.83% due to rising operational costs[9] Economic Indicators - The U.S. dollar index fell to 95.51, the lowest since February 2022, contributing to the rise in gold prices[9] - The Japanese yen strengthened, impacting export-related stocks negatively, with Toyota down 3.24%[13] - The Bank of Japan raised its policy rate to 0.75%, the highest in 30 years, indicating a cautious approach to future rate hikes[13]

Group 1 - The report indicates that the A-share market is experiencing a typical spring rally characterized by initial strength followed by stabilization and structural differentiation, with major indices recording positive returns as of January 28, 2026 [6] - The average daily trading volume in January reached 3.04 trillion yuan, an increase of 1.16 trillion yuan month-on-month, indicating a significant influx of new capital and a loose liquidity environment driving the index upward [2] - Regulatory measures, including raising the minimum margin requirement from 80% to 100%, have led to fluctuations in market sentiment and a deceleration in the index's upward momentum [3] Group 2 - The report highlights that technology assets are experiencing a rotation between thematic and cyclical investments, with thematic investments (e.g., commercial aerospace, AI applications) initially favored but cooling off due to increased margin requirements [4] - In the cyclical sector, non-ferrous metals, basic chemicals, and oil & petrochemicals have shown strong performance driven by three factors: demand from high-end manufacturing, proactive supply-side adjustments, and external geopolitical risks [4] - The report anticipates a structural market characterized by a focus on "resources + technology + overseas expansion," with low-risk preference assets potentially outperforming in certain phases [5] Group 3 - The investment strategy emphasizes focusing on "external demand cyclical + AI industry chain," highlighting the potential for global manufacturing recovery to support resource prices and opportunities for Chinese manufacturing to expand overseas [5] - The AI industry remains a clear investment theme, with a shift from thematic to performance-driven investments, particularly in areas with supply shortages such as power supply and semiconductor sectors [5] - The report recommends a selection of stocks across various sectors, including Invesco's Nonferrous ETF, Dongpeng Beverage, and Huazhong Precision, among others, reflecting a diversified investment approach [10]

Core Viewpoint - The China Air Transport Association has released a draft standard for public consultation regarding the reservation of seats on flights, aiming to regulate the classification and information disclosure of economy class seats by airlines [1][2]. Group 1: Seat Classification and Regulations - Airlines are required to categorize economy class seats into "free selectable seats" and "reserved seats" [2]. - Reserved seats are further divided into operationally necessary reserved seats (for safety and service needs) and value-added reserved seats (including reward points/miles redemption and paid reservations for international and regional flights) [2]. - Domestic flights must ensure that at least 70% of economy class seats are free selectable, while international and regional flights must have a minimum of 65% [2]. Group 2: Information Disclosure and Transparency - Airlines must clearly inform passengers about the categories of free and reserved seats, redemption standards, paid selection prices (for international and regional flights), and the release time of reserved seats [2]. - A clear seat map must be provided to distinguish between "free selectable," "member selectable," "not selectable online," and "selected seats" to avoid ambiguity and misleading information [2]. Group 3: Consumer Complaints and Industry Response - Several airlines have faced scrutiny for locking certain desirable seats, leading to consumer complaints about unfair practices [3]. - The Jiangsu Consumer Protection Committee has conducted investigations and engaged with multiple airlines regarding the locking of seats that should be part of standard services [3]. - Airlines such as 吉祥航空 and 四川航空 have acknowledged the issues and are undertaking internal evaluations and corrective actions in response to the consumer protection committee's findings [3].

Core Viewpoint - The China Air Transport Association has issued a draft for public consultation regarding the "Flight Seat Reservation Rules for Public Air Transport Enterprises," aiming to standardize seat reservation practices and enhance passenger rights in response to growing demand for personalized travel experiences [1][2]. Group 1: Overview of the New Rules - The new rules require that at least 70% of seats on domestic flights and 65% on international and regional flights be available for free selection by passengers [2]. - The draft aims to address discrepancies in seat selection services among airlines, ensuring a more uniform experience for travelers [1][2]. Group 2: Scope and Applicability - The rules apply to both domestic and international flights operated by public air transport enterprises within China, with foreign airlines encouraged to follow these guidelines [3]. Group 3: Seat Reservation Definitions - Free selectable seats are defined as those available for passengers to choose without additional charges [6]. - Reserved seats are those not open for selection due to safety, special passenger needs, or value-added services [8]. Group 4: General Principles - Safety is prioritized, with seat reservation and release practices needing to comply with safety regulations [18]. - The rules emphasize a passenger-centered approach, ensuring sufficient free seats and respecting diverse passenger needs [19]. Group 5: Seat Reservation Management - Airlines must establish a management system for seat reservations, detailing reasons, quantities, and rules for obtaining and releasing seats [5][21]. - For domestic flights, value-added reserved seats are limited to loyalty program members, and no paid seat selection is allowed [23]. Group 6: Release Rules - Domestic flights must release reserved seats for free selection no later than three hours before departure [27]. - For international flights, reserved seats should be released progressively starting 48 hours before departure, with specific rules for different seat categories [33]. Group 7: Information Disclosure - Airlines must clearly inform passengers about seat reservation options, including free and paid selections, and the rules governing these options [35]. - Seat maps must use clear icons to indicate different seat categories for both domestic and international flights [36][37].

Market Overview - The aviation and airport sector declined by 0.49% on January 29, with Huaxia Airlines leading the drop [1] - The Shanghai Composite Index closed at 4157.98, up 0.16%, while the Shenzhen Component Index closed at 14300.08, down 0.3% [1] Stock Performance - Shanghai Airport (600009) closed at 30.95, up 1.14% with a trading volume of 196,800 shares and a turnover of 605 million yuan [1] - Xiamen Airport (600897) closed at 17.68, up 0.68% with a trading volume of 80,100 shares and a turnover of 141 million yuan [1] - Baiyun Airport (600004) closed at 9.58, up 0.21% with a trading volume of 197,200 shares and a turnover of 188 million yuan [1] - Shenzhen Airport (000089) closed at 7.24, down 0.14% with a trading volume of 212,700 shares and a turnover of 153 million yuan [1] - Spring Airlines (601021) closed at 55.95, down 0.25% with a trading volume of 42,400 shares and a turnover of 236 million yuan [1] - HNA Holding (600221) closed at 1.68, down 0.59% with a trading volume of 3,055,900 shares and a turnover of 513 million yuan [1] - China Southern Airlines (600029) closed at 7.20, down 1.10% with a trading volume of 1,070,300 shares and a turnover of 768 million yuan [1] Fund Flow Analysis - The aviation and airport sector experienced a net outflow of 242 million yuan from institutional investors, while retail investors saw a net inflow of 230 million yuan [3] - Major stocks like Shanghai Airport and Shenzhen Airport had varying net inflows and outflows from different investor types [4] - Shanghai Airport had a net inflow of 28.37 million yuan from institutional investors, while retail investors had a net outflow of 39.44 million yuan [4] - China Southern Airlines had a net outflow of 10.48 million yuan from institutional investors, but a net inflow of 22.85 million yuan from retail investors [4] ETF Performance - The Aerospace ETF (product code: 159227) tracked the National Aerospace Industry Index and saw a 3.00% increase over the last five days, with a net redemption of 78.67 million yuan [6] - The General Aviation ETF (product code: 159230) tracked the National General Aviation Industry Index and had a 2.17% increase, with a net redemption of 5.55 million yuan [7] - The Tourism ETF (product code: 562510) tracked the China Securities Tourism Theme Index and decreased by 4.77%, with a net inflow of 8.09 million yuan [7]

《中国民航报》、中国民航网 记者钱擘 报道：4月20日起，中国东方航空将正式开通"西安—维也纳"全 新国际直飞航线，东航运营的欧洲航线总数也随之达到27条。 随着东航"西安—维也纳"航线的开通，东航构建的中欧间"空中丝绸之路"网络日趋完善。旅客从上海、 北京、西安等国内主要城市出发，可直飞通达伦敦、巴黎、莫斯科、罗马、马德里、阿姆斯特丹、哥本 哈根、布达佩斯、米兰、巴塞罗那、日内瓦、喀山、圣彼得堡、威尼斯、马赛、法兰克福以及维也纳等 欧洲城市，享受覆盖广泛、衔接顺畅的飞行体验。 "西安—维也纳"新航线不仅首次在中国西北地区与奥地利之间搭建起空中桥梁，更将"古丝绸之路"的东 方起点与享誉世界的欧洲"音乐之都"紧密相连，为两地间的经贸合作、文化交流与旅游互访注入了全新 的活力。 东航"西安-维也纳"航线机票已全面开放销售。为庆祝新航线开航，东航推出多项购票礼遇。1月30日起 至3月31日期间，旅客通过东方航空App购买该航线机票，即可参与"航段满减红包"优惠活动。此外， 凡购买4月20日、23日、25日往返航班机票的东航会员，更可享积分翻倍礼遇。（编辑：张薇，校对： 李季威，审核：韩磊） 东航"西安—维也纳"航线 ...