北京商报讯（记者 关子辰 牛清妍）10月18日，北京商报记者从东航获悉，11月9日起，东航将恢复中国上海浦东—印度德里的航线，由空客A330-200宽体 客机执飞，每周三、六、日执行。 据介绍，上海浦东—德里的去程航班号为MU563，12:50从上海浦东机场起飞，当地时间17:45抵达德里英迪拉·甘地国际机场；回程航班号为MU564，德里 19:55起飞，次日4:10抵达上海浦东（以上时间均为当地时间）。目前，该航线的机票已开放销售。 ...

后续，东航计划在未来三年内逐步完成所有物理SIM卡槽iPad设备的替换工作，实现eSIM在EFB设备上 的全覆盖。（编辑：许浩存 校对：李佳洹 审核：程凌） 《中国民航报》、中国民航网 记者钱擘 报道：近日，基于eSIM技术及运营商协议租赁保障的电子飞行 包（EFB）设备（下文简称：eSIM租赁EFB设备），在东航正式启动交付工作。东航由此成为国内率先 规模化部署eSIM租赁EFB设备的航司。 ESIM（嵌入式SIM卡）是一种直接嵌入设备硬件中的虚拟SIM技术，无需物理插卡即可通过远程编程实 现运营商切换和网络连接，该技术的逐步普及和应用是通讯领域正在出现的新趋势。为配合此次新技术 的推广应用，东航运管部、飞行部、运控中心、综管部和东航数科成立联合工作组，统筹推进技术适 配、流程再造与制度建设，同步制定出台基于eSIM租赁EFB设备的全流程管理程序，进一步明确飞行 员实名注册、设备绑定、权限发放等关键环节操作规范。 此次eSIM租赁EFB设备的成功投用，将有力保障东航EFB系统持续符合适航规章要求，支撑机组安全、 高效、智能飞行，同时为全行业应对eSIM时代技术变革提供了可复制、可推广的"东航方案"。 ...

Core Viewpoint - China Eastern Airlines has announced the sale of tickets for the China-India route, with the Shanghai-Delhi route resuming operations after five years starting from November 9, operating three flights per week using Airbus A330 aircraft [1] Summary by Relevant Sections - The Indian Embassy in China announced during the National Day holiday that both countries have reached a consensus on restoring direct flights between designated points in China and India, which is expected to be completed by the end of October 2025 [1]

Core Points - Eastern Airlines will launch a new route from Shanghai to Delhi starting November 9, utilizing the Airbus A330-200 aircraft, with flights scheduled three times a week [1][4] - This route is significant for enhancing the strategic air connection between China and India, facilitating increased personnel exchanges and economic cooperation [4] - The A330-200 model offers excellent long-range performance and a comfortable cabin environment, equipped with advanced in-flight Wi-Fi services to meet diverse passenger needs [4] Summary by Category Route Details - The flight MU563 departs from Shanghai Pudong Airport at 12:50 and arrives in Delhi at 17:45 local time, while the return flight MU564 leaves Delhi at 19:55 and arrives in Shanghai at 04:10 the next day [1] Strategic Importance - The Shanghai-Delhi route is one of the most strategically significant air passages between China and India, linking major political, economic, and cultural centers [4] - The resumption of this route is expected to inject new momentum into bilateral exchanges in trade, technology, education, and tourism [4] Operational Expansion - Eastern Airlines aims to fill gaps in direct flights from key cities like Shanghai to markets in the Middle East, North Africa, Central Asia, and South Asia [4] - The airline is set to launch additional international routes, including a new service from Beijing Daxing to Muscat, Oman, on November 30 [4] - Eastern Airlines has become the largest international passenger carrier in China, contributing to Shanghai's status as the nation's busiest air transport hub [4]

Core Viewpoint - China Eastern Airlines will launch a new route from Shanghai to Delhi starting November 9, utilizing Airbus A330-200 aircraft, with flights scheduled three times a week [1] Group 1: Flight Details - The outbound flight MU563 will depart from Shanghai Pudong Airport at 12:50 PM and arrive at Indira Gandhi International Airport in Delhi at 5:45 PM local time [1] - The return flight MU564 will leave Delhi at 7:55 PM and arrive back in Shanghai at 4:10 AM the following day local time [1] - Tickets for this new route are currently available for purchase [1]

Core Viewpoint - China Eastern Airlines has announced the sale of tickets for the Shanghai-Delhi route, which will resume operations on November 9 after a five-year hiatus, with three flights per week operated by Airbus A330 [1] Summary by Relevant Sections - **Route Resumption** - The Shanghai-Delhi route will resume with three weekly flights starting November 9, operated by Airbus A330 [1] - **Bilateral Agreement** - During the National Day holiday, the Indian Embassy in China announced that both countries have reached a consensus to restore direct flights connecting designated points between China and India by the end of October 2025 [1]

Core Insights - The 13th China User Experience Conference was held in Haikou, showcasing the importance of user experience in various industries [1] - China Eastern Airlines' "Digital Human + Multi-Agent" smart aviation service system was recognized as a typical case of user experience innovation for 2025, being the only project in the civil aviation sector to receive this honor [1] Group 1: Project Overview - The project integrates a "Digital Human + Multi-Agent" collaborative system, positioning it as a leading model in China [2] - It combines technologies to create an intelligent service chain that is capable of speaking, thinking, and executing tasks [2] Group 2: Strategic Implications - The strategic approach involves an "open-source large model + enterprise-level large model platform" that balances cost, security, and autonomy [2] - The project has the potential to expand into more application areas, facilitating a shift in public services from a "functional" to a "companion" model, thereby supporting high-quality development for more enterprises [2]

Investment Rating - The report rates the transportation industry as "Positive" [1] Core Insights - Over 80% of transportation companies have performed well in ESG scores, with 15 companies scoring above 80 and 12 above 90, representing 83% and 67% respectively [9][11] - 94% of the 18 central enterprises in the transportation sector have completed the required disclosures regarding importance assessment, but only 33% have disclosed third-party verification reports [11][13] - Companies in the high score range actively disclose climate change issues, while those in the lower range focus more on environmental issues, indicating a need for improvement in climate-related disclosures [16][17] - The report highlights the social responsibilities of transportation enterprises, particularly in rural revitalization and safety operations, with a 94% disclosure rate for safety operations [37][41] - Governance scores are generally high, with many companies integrating party building into their governance structures, showcasing a unique governance advantage [47][51] Summary by Sections Overall Performance - More than 80% of transportation companies have good overall ESG scores, with detailed financial importance disclosures and high scores in environmental, social responsibility, and governance aspects [9][16] Importance Assessment - 94% of companies have completed the required disclosures, with 17 out of 18 companies highlighting financial importance [11][13] Environmental & Climate - 83% of companies scored between 30-34 in environmental issues, with high disclosure rates for waste management (100%) and energy management (96%) [16][20] - Climate management disclosures show a high completion rate of 89%, but climate strategy disclosures need improvement, with only 56% of companies fully disclosing [32][35] Social Responsibility - Transportation enterprises have detailed their efforts in rural revitalization and social contributions, achieving a 100% disclosure rate for social responsibility [41][42] - Safety operations are a key focus, with 94% of companies disclosing relevant information [37][45] Governance - Governance scores are high, with 14 companies disclosing governance structures and mechanisms, and many integrating party building into their governance [47][51] - 94% of companies focus on safety risk management, with detailed disclosures on safety management systems [53][56]

Core Viewpoint - The airline industry is experiencing a low growth rate in domestic capacity while focusing on increasing international routes, leading to a tight supply situation and high passenger load factors [1][2][5]. Supply and Demand - Domestic airline capacity growth is below 3%, with a significant focus on international routes, resulting in a tight supply [1][2]. - Passenger load factors remain high, with improvements compared to both the previous year and 2019, particularly in domestic routes [1][3]. - Domestic turnover volume has shown steady growth, while international turnover volume has significantly increased, nearly returning to 2019 levels [1][5]. Pricing - During the National Day and Mid-Autumn Festival holidays, the industry saw a positive year-on-year change in ticket prices, with October prices continuing to show strength [2][3]. - The average domestic ticket price from the beginning of 2025 until mid-October was 861 yuan, down 7.9% year-on-year, while the average ticket price during the holiday period was 942 yuan, down 1.5% year-on-year [3]. - Recent weeks have shown a trend of increasing ticket prices, with a 4.9% year-on-year increase in the latest week [3]. Fuel and Exchange Rates - The average price of aviation fuel in October was 5572 yuan per ton, a slight decrease of 0.1% year-on-year [4]. - The Chinese yuan has appreciated against the US dollar since the beginning of 2025, which may impact operational costs for airlines [4]. Fleet Expansion - In September, Air China had the highest net increase in aircraft, adding 5 planes, while other airlines also showed varying levels of fleet growth [6][7]. - From January to September 2025, several airlines, including Spring Airlines, showed positive growth in domestic capacity, with Spring Airlines leading at a 6.4% increase [5][7]. Investment Focus - Investors are advised to pay attention to key airlines such as China Southern Airlines, China Eastern Airlines, Air China, Spring Airlines, and Juneyao Airlines for potential investment opportunities [8].

Investment Rating - The industry investment rating is "Positive" [6] Core Insights - The overall passenger load factor in September remained high, with significant year-on-year improvements in international routes [1][4] - Domestic capacity growth was modest at approximately 2.2% year-on-year, while there was a notable decrease of about 15.7% compared to August [2][16] - The implementation of the self-discipline convention by the China Air Transport Association is expected to help stabilize the market and improve profitability [5] Summary by Sections 1. Industry Overview - The passenger load factor for listed airlines increased by approximately 2.1 percentage points year-on-year, while it decreased by 1.0 percentage point compared to August [3][34] - Eastern Airlines showed the most aggressive improvement in load factor, with a year-on-year increase of 3.3% in September [48] 2. Domestic Route Capacity - Domestic airlines maintained a low growth rate in capacity, with a year-on-year increase of about 2.2% and a month-on-month decrease of approximately 15.7% [2][16] - The competitive landscape is shifting towards lower price segments, necessitating cost efficiency improvements for airlines [2][18] 3. Domestic Route Load Factor - The overall load factor for domestic routes remained high, with a year-on-year increase of about 2.1 percentage points [34][42] - Major airlines like Eastern Airlines and Air China reported significant year-on-year load factor improvements of 3.3% and 3.0%, respectively [48][39] 4. International Route Capacity - International route capacity for listed airlines increased by approximately 9.4% year-on-year, while it decreased by about 9.5% compared to August [4][54] - The load factor for international routes improved by approximately 3.5 percentage points year-on-year, indicating a strong recovery compared to last year [4][60] 5. Airport Throughput - Major airports such as Shanghai, Beijing, and Shenzhen reported year-on-year growth in international passenger throughput of 19%, 13%, and 15%, respectively [68][74] - Overall, international passenger throughput growth rates are stabilizing as the industry moves into the latter half of the year [68][72]