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 ...

证券代码：600115 证券简称：中国东航 公告编号：临2026-004 中国东方航空股份有限公司 董事会2026年第1次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 中国东方航空股份有限公司（以下简称"公司"）董事会2026年第1次会议，根据《公司章程》和《董事 会议事规则》的规定，经董事长王志清召集，于2026年1月27日召开。 参加会议的董事确认会前均已收到本次董事会会议通知。本次会议的召开符合《公司法》和《公司章 程》的有关规定，参加本次会议的董事已达法定人数，会议合法有效。 公司董事长王志清，副董事长高飞，董事成国伟，独立董事孙铮、陆雄文、罗群、冯咏仪、郑洪峰，职 工董事揭小清审议了有关议案，一致同意并做出以下决议： 一、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》。 同意公司2025年套期保值工作总结和公司2026年套期保值工作计划。汇率方面，针对美元负债公允价值 汇兑，可开展简单远期交易，期限不超过三年，2026年额度上限为10亿美元；针对美元购汇现金流汇 兑，可开展一 ...

中国东航持续加大在湖北市场的运力投放，今年春运期间在鄂计划执行航班总量较2025年同期提升2.65%，计划安排加班近900个架 次，日均往返航班峰值预计达190个架次。 据介绍，这类航班旨在为乘客提供近距离观赏极光的机会。航班会根据极光出现的地理区域和时间规律，选择合适的航线和飞行时 段，通常飞往高纬度地区，让乘客在空中直接观赏极光现象。例如，南航这次推出过极光航线，飞往东北、北欧等附近区域，乘客可在 飞行途中欣赏极光。 国际航线方面，南航增加曼谷、普吉等地航线，武汉至曼谷增至每周4班，武汉至普吉增至每周3班，武汉至胡志明市加密至每周7 班，武汉至首尔增至每周3班。此外，南航全面升级中转服务，旅客在武汉天河机场可享受"一票到底、行李免提"的通程联运，实现"无 忧中转"。 2026年春运将于2月2日正式启动，持续40天至3月13日结束。面对"最长春节假期"带来的出行高峰，南航、东航近日宣布大幅增加在 湖北市场的航班运力，通过新增航线、加密班次、优化中转服务等措施，全力应对春运客流。南航计划在湖北执行进出港航班超8440班 次，日均提供座位数超过2.3万个。 国内方面，针对冰雪旅游的市场热点，东航计划新开武汉至延 ...

美元汇率套期保值和美元现金流套期保值拟采取简单远期等结构简单、流动性强、风险可认知的金融衍 生品进行汇率锁定，美元汇率套期保值期限不超过三年，美元现金流套期保值期限不超过一年，具体操 作策略由公司高风险业务管理委员会负责制定。航油套期保值计划采用原油互换合约、原油期货合约等 合约，以布伦特原油、上海国际能源交易中心原油作为价格基准，套期保值到期时间为2026年至2028 年，将选择合适的合约及时机进行交易。在董事会授权期内，航油套期保值工作连续开展。 本次董事会授权开展套期保值业务的有效期自2026年1月1日至2026年12月31日。如单笔交易的存续期超 过了前述有效期，则自动顺延至该笔交易终止时止，但该笔交易额度纳入下一个审批有效期计算。 （文章来源：新华财经） 新华财经北京1月29日电东方航空1月28日晚间发布关于2026年度开展套期保值业务计划的公告称，为防 范汇率波动带来的不良影响，公司拟在2026年开展美元汇率套期保值交易和美元现金流套期保值交易以 对冲相关汇兑风险。航油成本作为公司最大的运营成本之一，其价格波动对公司效益有着重大影响，公 司拟在2026年开展航油套期保值管理，以部分对冲油价波动对公 ...