海航控股公告，2025年9月，集团客运运力投入（按可利用客公里计）同比增长5.84%，收入客公里同 比增长7.04%，旅客运输量同比增长2.53%，客座率同比增长0.96个百分点。货邮运收入吨公里同比增长 23.42%，货运及邮运量同比增长15.96%，货邮载运率同比增长10.72个百分点。 ...

Core Insights - HNA Holding reported a passenger volume of 5,706.39 thousand in September, representing a year-on-year increase of 2.53% [1] - The cargo and mail volume increased by 15.96% year-on-year [1] - Revenue passenger kilometers (RPK), revenue ton kilometers (RTK), and cargo revenue ton kilometers grew by 7.04%, 9.46%, and 23.42% respectively [1] - The company has launched several new international routes, including Chongqing=Haikou=Auckland, Changchun=Haikou=Singapore, and Haikou=Jakarta [1] - As of the end of September, the total number of operational aircraft reached 354 [1]

Core Insights - The aviation and airport sector experienced a significant increase of 4.15% on October 15, with Huaxia Airlines leading the gains [1] - The Shanghai Composite Index closed at 3912.21, up 1.22%, while the Shenzhen Component Index closed at 13118.75, up 1.73% [1] Stock Performance Summary - Huaxia Airlines (002928) closed at 10.76, up 10.02% with a trading volume of 355,600 shares and a transaction value of 369 million [1] - China National Aviation (601111) closed at 8.27, up 6.99% with a trading volume of 1,570,800 shares and a transaction value of 1.269 billion [1] - 吉祥航空 (603885) closed at 14.05, up 6.76% with a trading volume of 391,300 shares and a transaction value of 539 million [1] - China Eastern Airlines (600115) closed at 4.39, up 5.78% with a trading volume of 2,425,000 shares and a transaction value of 1.046 billion [1] - China Southern Airlines (600029) closed at 6.30, up 5.18% with a trading volume of 1,435,300 shares and a transaction value of 889 million [1] - Spring Airlines (601021) closed at 53.68, up 2.85% with a trading volume of 107,000 shares and a transaction value of 566 million [1] - HNA Holding (600221) closed at 1.67, up 2.45% with a trading volume of 5,192,500 shares and a transaction value of 859 million [1] - Shenzhen Airport (000089) closed at 7.10, up 1.28% with a trading volume of 141,200 shares and a transaction value of 99.67 million [1] - Shanghai Airport (600009) closed at 31.88, up 0.92% with a trading volume of 91,400 shares and a transaction value of 290 million [1] - Baiyun Airport (600004) closed at 9.60, up 0.63% with a trading volume of 212,200 shares and a transaction value of 203 million [1] Capital Flow Analysis - The aviation and airport sector saw a net inflow of 362 million from institutional investors, while retail investors experienced a net outflow of 206 million [2] - Major stocks like HNA Holding and China Southern Airlines had varying net inflows and outflows from different investor types, indicating mixed investor sentiment [3] - HNA Holding had a net inflow of 11.7 million from institutional investors, while retail investors showed a net outflow of 47.34 million [3]

Core Viewpoint - HNA Group's stock price has shown a recent upward trend, with a 2.45% increase on October 15, 2023, and a total market capitalization of 72.17 billion yuan [1] Group 1: Stock Performance - As of October 15, 2023, HNA Group's stock price is 1.67 yuan per share, with a trading volume of 574 million yuan and a turnover rate of 1.06% [1] - Year-to-date, HNA Group's stock price has decreased by 1.76%, but it has increased by 3.09% over the last five trading days, 5.70% over the last 20 days, and 21.01% over the last 60 days [1] - The company has appeared on the "Dragon and Tiger List" once this year, with the most recent appearance on July 24, 2023, where it recorded a net purchase of 116 million yuan [1] Group 2: Financial Performance - For the first half of 2025, HNA Group reported operating revenue of 33.083 billion yuan, representing a year-on-year growth of 4.22%, and a net profit attributable to shareholders of 56.945 million yuan, which is an increase of 108.95% year-on-year [2] - Cumulatively, HNA Group has distributed a total of 3.424 billion yuan in dividends since its A-share listing, with no dividends distributed in the last three years [3] Group 3: Shareholder Information - As of June 30, 2025, HNA Group had 583,500 shareholders, a decrease of 5.71% from the previous period, with an average of 0 shares per shareholder [2] - The Hong Kong Central Clearing Limited has exited the list of the top ten circulating shareholders as of June 30, 2025 [3]

明明是轻松愉快的假期之旅，但乘坐航班时与2岁以下婴儿绑定的旅客无法线上选座，给"带娃出游"的 家庭带来诸多不便。近日，消费者赵莹向北京商报记者反映，国庆期间她携带9月龄婴儿出行，因绑定 婴儿票，既无法在线选座，也无法通过客服预留座位，最终只能提早到机场选择剩余空座。记者调查发 现，出于安全保障、便于协调管理等因素，不同航司对携带婴儿旅客的选座规定存在差异。部分航司支 持App选座或电话预留，但也有航司仅支持现场办理。航司往往会为带婴儿的旅客提供便利服务，但带 婴儿旅客的座位需求与航司的服务还存在错位。业内人士指出，若因安全原因限制选座，航司应提前向 旅客说明规则。同时，部分航司可以在保障航班运行的前提下，考虑逐步放开带婴儿旅客的线上选座权 限，提升出行体验。 线上不能选 现场没连座 "绑定2岁以下婴儿机票后，我不能在线上选座值机，只能到机场让工作人员安排。"这种婴儿机票选座 的难题，新手妈妈赵莹已遇到多次，但国庆假期的一次"带娃"乘坐经历，让她体会到前所未有的"折 腾"。 10月3日，赵莹分别购买了自己、9月龄孩子、一位同行亲属10月6日海南航空深圳飞往北京的单程机 票，并将孩子的婴儿票与自己的机票绑定。 此 ...

海南航空控股股份有限公司 2025 年第四次临时股东大会会议材料 二〇二五年十月 金鹏航空系公司及控股子公司祥鹏航空的参股公司，公司 持有 9.2016%股权，祥鹏航空持有 7.9051%股权，公司关联方海 航航空集团持有 77.8948%股权。海航航空集团拟向海航货运有 限公司（以下简称"海航货运"）转让金鹏航空 28.4784%股权， 交易金额 135,244.8813 万元。完成前述股权转让后，海航航空 集团将继续以其持有的金鹏航空 49.4164%股权向海航货运进行 增资，股权作价 234,679.8565 万元。前述转让及增资交易完成 后，海航航空集团将不再持有金鹏航空股权。根据本次交易情 况，经综合考虑，公司及子公司祥鹏航空决定放弃该等股权的 优先购买权。 本次交易完成后，海航货运、公司、祥鹏航空、海南航投 股权投资基金管理合伙企业(有限合伙）将分别持有金鹏航空 目 录 1.关于放弃参股公司股权优先购买权暨关联交易的议案............1 2.关于调整 2025 年度日常生产性关联交易预计金额的议案......9 海南航空控股股份有限公司 关于放弃参股公司股权优先购买权暨关联交 易的议案 ...

Core Insights - The aviation and airport sector saw a slight increase of 0.31% on October 14, with China Eastern Airlines leading the gains [1] - The Shanghai Composite Index closed at 3865.23, down 0.62%, while the Shenzhen Component Index closed at 12895.11, down 2.54% [1] Stock Performance - China Eastern Airlines (600115) closed at 4.15, up 1.22% with a trading volume of 1.0534 million shares and a transaction value of 436 million [1] - Xiamen Airport (600897) closed at 14.56, up 1.04% with a trading volume of 19,800 shares [1] - Baiyun Airport (600004) closed at 9.54, up 0.85% with a trading volume of 179,400 shares [1] - HNA Holding (600221) closed at 1.63, up 0.62% with a trading volume of 5.3673 million shares [1] - Spring Airlines (601021) closed at 52.19, up 0.35% with a trading volume of 42,000 shares [1] Capital Flow - The aviation and airport sector experienced a net outflow of 54.71 million from institutional investors, while retail investors saw a net inflow of 97.49 million [2][3] - Major stocks like China Eastern Airlines and HNA Holding had mixed capital flows, with significant outflows from institutional and speculative investors [3]

Investment Rating - The report rates the transportation industry as "Outperform" [2] Core Views - The report highlights a slowdown in holiday shipments and a decline in crude oil shipping rates, while container shipping rates for long-distance routes have rebounded [3][14] - Shenzhen has introduced detailed policies to support low-altitude economic development, and international flight routes have resumed during the 2025 National Day and Mid-Autumn Festival holidays [3][16] - China's express delivery volume reached 150 billion packages ahead of schedule, with strategic cooperation agreements signed between YTO Express and Huizhou [3][23] Summary by Sections Industry Hotspot Events - Holiday shipments have slowed, leading to a drop in crude oil shipping rates, while container shipping rates for long-distance routes have rebounded. The China Import Crude Oil Comprehensive Index (CTFI) was reported at 1407.48 points, down 26.2% from September 25 [3][14] - Shenzhen's transportation bureau released measures to support low-altitude economic development, effective from October 9, 2025, to December 31, 2026. During the holiday, civil aviation transported 19.138 million passengers, with an average of 2.392 million passengers per day, a year-on-year increase of 3.2% [3][16][18] - As of October 11, 2025, China's express delivery volume surpassed 150 billion packages, achieving this goal 37 days ahead of schedule compared to 2024. A strategic cooperation agreement was signed between the Huizhou government and YTO Express [3][23][24] Industry High-Frequency Data Tracking - The Baltic Air Freight Price Index increased month-on-month but decreased year-on-year. The Shanghai outbound air freight price index was reported at 4621.00 points, down 5.3% year-on-year but up 1.3% month-on-month [28] - In September 2025, domestic cargo flights increased by 3.05% year-on-year, while international flights rose by 15.86% year-on-year [33] - The SCFI index for container shipping was reported at 1160.42 points, up 4.12% week-on-week but down 43.74% year-on-year [40] Investment Recommendations - The report suggests focusing on the equipment and manufacturing industrial product export chain, recommending companies such as COSCO Shipping, China Merchants Energy Shipping, and Huamao Logistics [4] - It also highlights investment opportunities in the low-altitude economy, recommending CITIC Offshore Helicopter [4] - The report advises attention to the road and rail sector, recommending companies like Gansu Expressway, Beijing-Shanghai High-Speed Railway, and Anhui Expressway [4][5]

【文/观察者网 邓军 编辑/赵乾坤】 近日，特朗普政府拟禁止中国航空公司在执飞往返美国航班时飞越俄罗斯领空的消息，引发了中美民航 业界高度关注。 据国际航空行业媒体Flightglobal最新报道，日前，中国国际航空、北京首都航空、中国东方航空、中国 南方航空、海南航空、四川航空和厦门航空共同签署了一封致美国交通部（DOT）的信函，要求美国 交通部给予更多时间回复评议，以便航空公司有更多时间评估迅速停止穿越俄罗斯领空的美国航班对运 营造成的影响。七家中国航司一致认为，该禁令一旦实施，必将损害公共利益，并严重扰乱已预订航班 的中美旅客的出行计划。 报道还援引中国国际航空方面的消息称，美国交通部的文件设定了异常短暂的两个工作日评议期。中国 国航正在评估拟议限制措施的影响，但完成评估并准备实质性回应需要比两个工作日更长的时间。因 此，中国国际航空已提交动议，希望美国交通部将评议期延长至七个工作日。 中国国航 民航评论员张仲麟对观察者网表示，预计中国航司即便停飞中美航线，也不会向美国交通部此项禁令妥 协，此举对于日韩这种中转国家而言可能是一种利好。 "如果这个时候中国航司向美国交通部的这种无理要求妥协，其后续将会处于 ...

Core Insights - Hainan Airlines is set to operate nearly 6,500 domestic and international passenger flights during the 2025 National Day and Mid-Autumn Festival holiday, transporting over 1.1 million passengers [1] Flight Operations - The airline will execute 516 international and regional flights, carrying approximately 94,000 passengers [1] - On October 1, the airline achieved a peak single-day passenger transport of 145,000, marking the highest volume during the holiday period [1] - From October 1 to 8, Hainan Airlines operated over 1,700 flights in Hainan, transporting around 286,000 passengers, including 161 international and regional flights with about 26,000 passengers [1] Popular Destinations - Key international and regional travel destinations include Sydney, Moscow, Auckland, and Bangkok [1]