证券之星消息，1月27日航空机场板块较上一交易日下跌0.82%，春秋航空领跌。当日上证指数报收于4139.9，上涨0.18%。深证成指报收于 14329.91，上涨0.09%。航空机场板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 600897 | 厦门空港 | 17.39 | 0.58% | 5.01万 | 8641.44万 | | | 000089 | 深圳机场 | 7.16 | 0.14% | 16.70万 | | 1.19亿 | | 600009 | 上海机场 | 30.94 | -0.35% | 18.37万 | | 5.69亿 | | 603885 | 吉祥航空 | 15.50 | -0.45% | 12.34万 | | 1.91亿 | | 000099 | 中信海直 | 20.34 | -0.49% | 14.90万 | | 3.01亿 | | 600115 | 中国东航 | 5.78 | -0.52% | 127.78万 | | 7.43亿 ...

交通运输行业周报 20260126 即时零售再起势，重视顺丰同城布局机会；航空量价环比回升预热春运 glmszqdatemark 重点公司盈利预测、估值与评级 | 代码 | 简称 | 股价 | | EPS（元） | | | PE（X） | | 评级 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | （元） | 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | | | 603871.SH | 嘉友国际 | 13.84 | 0.89 | 1.02 | 1.19 | 16 | 14 | 12 | 推荐 | | 601156.SH | 东航物流 | 19.09 | 1.99 | 2.13 | 2.38 | 10 | 9 | 8 | 推荐 | | 002352.SZ | 顺丰控股 | 39.15 | 2.17 | 2.43 | 2.78 | 18 | 16 | 14 | 推荐 | | 600115.SH | 中国东航 | 5.88 | 0.04 | 0.16 | 0.23 | 149 ...

（文章来源：证券日报） 证券日报网讯 1月26日，春秋航空在互动平台回答投资者提问时表示，公司一直以来高度重视股东回 报。通过提高现金分红比例和持续推动回购工作，维护股东权益。2024年度现金分红及回购金额合计 864956159.65元，占2024年度合并报表中归属于上市公司股东的净利润比例为38.05%。2025年半年度现 金分红及回购金额合计608020075.81元，占2025年半年度合并报表中归属于上市公司股东的净利润比例 为52.03%。 ...

交通运输行业周报 20260126 即时零售再起势，重视顺丰同城布局机会；航空量价环比回升预热春运 glmszqdatemark 重点公司盈利预测、估值与评级 | 代码 | 简称 | 股价 | | EPS（元） | | | PE（X） | | 评级 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | （元） | 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | | | 603871.SH | 嘉友国际 | 13.84 | 0.89 | 1.02 | 1.19 | 16 | 14 | 12 | 推荐 | | 601156.SH | 东航物流 | 19.09 | 1.99 | 2.13 | 2.38 | 10 | 9 | 8 | 推荐 | | 002352.SZ | 顺丰控股 | 39.15 | 2.17 | 2.43 | 2.78 | 18 | 16 | 14 | 推荐 | | 600115.SH | 中国东航 | 5.88 | 0.04 | 0.16 | 0.23 | 149 ...

证券之星消息，1月26日航空机场板块较上一交易日下跌1.1%，中信海直领跌。当日上证指数报收于4132.61，下跌0.09%。深证成指报收于 14316.64，下跌0.85%。航空机场板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 601021 | 春秋航空 | 58.13 | 0.05% | 5.09万 | 2.97亿 | | 600004 | 白云机场 | 9.59 | -0.62% | 18.77万 | 1.80亿 | | 000089 | 深圳机场 | 7.15 | -0.69% | 20.71万 | 1.48亿 | | 603885 | 吉祥航空 | 15.57 | -0.89% | 13.40万 | 2.09亿 | | 600009 | 上海机场 | 31.05 | -0.96% | 30.99万 | 9.68亿 | | 600029 | 南方航空 | 7.60 | -1.04% | 135.09万 | 10.41亿 | | 600897 | 厦门空港 | 17 ...

1月26日，国航、东航、南航、山航、川航、厦航等航司陆续发布通知称，1月26日前出票，航班起飞日 期在2026年3月29日（含）至2026年10月24日（含）的日本进出港或经停航班，可免费退改签。 此前的2025年11月，外交部和中国驻日本使领馆郑重提醒中国公民近期避免前往日本。11月15日，国 航、东航、南航、川航、厦航、春秋航空分别发布通知，对日本航线客票特殊处理，符合适用范围的客 票在有效期内可按规则办理退改手续。当时改退措施适用于航班起飞日期在2025年11月15日至2025年12 月31日期间的机票。 今年1月3日，驻日本大使馆再次提醒在日中国公民注意人身安全。 近期，日本部分地区治安环境不靖。福冈县、静冈县、爱知县等多地发生杀人未遂、报复社会案件。 多名旅日中国公民报告遭无端辱骂殴打并受伤。2025年12月31日，东京新宿区发生汽车撞人事件。两名 中国公民被严重撞伤，后被紧急送往医院救治。 获悉上述有关案情后，驻日本大使馆第一时间向受伤中国公民及其家属表示慰问并提供协助，同时向日 本警方交涉，敦促尽快破案，切实保护中国公民合法权益。 出行在外，安全最重要。值此岁末年初、春节将至之际，中国驻日本大使 ...

交通运输 2026 年 01 月 26 日 行 业 研 究 / 行 业 点 评 相关研究 证 券 研 究 报 告 证券分析师 范晨轩 A0230525070003 fancx@swsresearch.com 闫海 A0230519010004 yanhai@swsresearch.com 联系人 范晨轩 A0230525070003 fancx@swsresearch.com 快递航运持仓下降，航空持仓上行 看好 ——2025Q4 交运行业基金重仓分析 本期投资提示： 请务必仔细阅读正文之后的各项信息披露与声明 本研究报告仅通过邮件提供给 博时基金 博时基金管理有限公司(researchreport@bosera.com) 使用。1 行 业 及 ⚫ 航空运输、港口、跨境物流、高速公路持仓市值大幅提升，快递、航运持仓有所下降。 Q4 航运、港口、跨境物流及高速公路板块公募持仓市值环比 Q3 有较大增长，快递、 航运持仓环比有所下降。 ⚫ 2025Q4 交运行业基金配置总市值达到 215 亿元，环比增长 19%，配置总市值在申万 31 个行业中排名第 16 名，环比 Q3 上升 1 名。交运行业基金持仓占全部基金 ...

投资要点： [Table_Report] 相关报告 运输《航空春运预售启动，预计因私需求旺盛》 2026.01.23 运输《春运预售开始启动，预计需求保持旺盛》 2026.01.20 运输《航空春运预售启动，原油运价大幅飙升》 2026.01.18 运输《原油运价大幅调涨，干散运价淡季回落》 2026.01.18 运输《航空深入"反内卷"，原油运价快速回升》 2026.01.11 证 券 研 究 报 告 股 票 研 究 请务必阅读正文之后的免责条款部分 春运客流再创新高，原油运价维持高位 [Table_Industry] 运输 ——国泰海通交运周观察 | [姓名table_Authors] | 电话 | 邮箱 | 登记编号 | | | --- | --- | --- | --- | --- | | 岳鑫(分析师) | 0755-23976758 | yuexin@gtht.com | S0880514030006 | | | 陈亦凡(研究助理) | 0755-23976151 | chenyifan2@gtht.com | S0880124070025 | [Table_subIndustry] | 本报告导 ...

Core Viewpoint - Shijiazhuang Zhengding International Airport is enhancing its flight network in preparation for the 2026 Spring Festival travel season, focusing on increasing capacity for key routes to meet passenger demand for travel to popular cities and family reunions [1][2]. Group 1: Flight Network Optimization - The airport has added new direct flights from Shijiazhuang to Fuzhou, with a daily flight schedule, increasing the frequency to a maximum of 4 flights per day [1]. - Starting February 2, Spring Airlines will increase the Shijiazhuang-Changchun route to 5 flights per week, with a maximum of 6 flights per day after the new schedule [2]. - China Southern Airlines will also enhance the Shijiazhuang-Guangzhou route by adding early and late flights, raising the total to 8 flights per day, which provides better coverage for different travel times [2]. Group 2: Additional Route Enhancements - Other airlines are set to increase flights to key hub cities such as Chengdu, Nanning, Shenyang, Dalian, Ningbo, Xiamen, and Yinchuan, offering more options for returning travelers and efficient routes for business travelers [2]. - During the Spring Festival, the maximum number of flights from Shijiazhuang to Chengdu will reach 11, with 7 flights to Shanghai, 6 to Harbin, and 5 to Xiamen, enhancing travel convenience and flexibility for passengers [2]. Group 3: Future Plans - The airport will continue to monitor changes in travel demand during the Spring Festival and work with airlines to optimize flight capacity and improve service measures for a smoother travel experience [3].

Investment Rating - The report maintains a "Buy" rating for major airlines including China Southern Airlines, China Eastern Airlines, Spring Airlines, and others, while recommending "Hold" for YTO Express and Shentong Express [2]. Core Insights - The report highlights a positive outlook for the aviation sector driven by multiple factors, including the upcoming Spring Festival travel peak, the appreciation of the RMB easing cost pressures, and the increase in visa-free countries for Chinese citizens, which is expected to boost international travel demand [4][7]. - The anticipated passenger transport volume during the 2026 Spring Festival is projected to reach a historical high of 95 million, with a daily average of 2.38 million passengers, reflecting a year-on-year growth of approximately 5.3% [4]. - The report emphasizes the cyclical recovery of the civil aviation market, with expectations of rising passenger load factors and ticket prices, driven by a gradual recovery in demand and limited capacity growth [4][7]. Summary by Sections Aviation and Airports - Daily flight operations from January 19 to January 23 showed slight fluctuations, with Eastern Airlines and Southern Airlines operating 2,245.80 and 2,221.80 flights respectively, while year-on-year comparisons indicate a decrease in operations [4]. - The average aircraft utilization rates during the same period were reported, with Spring Airlines achieving the highest at 9.20 hours per day, although all airlines showed a decline compared to the previous year [4]. - The report suggests that the upcoming Spring Festival will significantly enhance market demand, particularly from student travelers, as the holiday season approaches [4][7]. Logistics and Express Delivery - The report notes a divergence in the growth rates of express delivery companies, with a total of approximately 4.073 billion packages collected from January 12 to January 18, reflecting a year-on-year decline of 11.82% [7]. - It highlights the ongoing high-quality development of the express delivery industry, with policies aimed at reducing competition ("anti-involution") expected to improve profitability [7]. - The report recommends focusing on express companies with significant profit elasticity, such as Shentong Express and YTO Express, as well as those with strong growth potential in overseas markets like Jitu Express [7]. Infrastructure - The report tracks various transportation metrics, including highway and railway freight volumes, indicating a mixed performance across sectors [7]. - It suggests that the low-interest-rate environment will continue to support investment in infrastructure, with a focus on high-quality assets [7]. - Specific recommendations include investing in highway companies like Shandong Highway and Anhui Expressway, as well as railway companies like Daqin Railway and Beijing-Shanghai High-Speed Railway [7]. Shipping and Trade - The report indicates a mixed performance in shipping rates, with the SCFI index showing a decline of 7.39% week-on-week and a year-on-year drop of 28.73% [7]. - It emphasizes the potential for investment opportunities in oil and bulk shipping due to geopolitical factors and structural demand growth [7]. - Recommendations include focusing on companies like COSCO Shipping Energy and COSCO Shipping Holdings for oil shipping investments, as well as Hai Tong Development for bulk shipping [7].