Core Viewpoint - Guangzhou Baiyun International Airport is expanding its international flight network, enhancing connectivity between China and Thailand, as well as China and India, through new and increased flight routes [2] Group 1: Flight Network Expansion - Starting from October 28, Spring Airlines will increase the frequency of flights from Guangzhou to Bangkok from 7 to 10 flights per week, adding flights on Tuesdays, Thursdays, and Saturdays [2] - The new flight schedule includes Guangzhou to Bangkok Suvarnabhumi flight 9C8893 departing at 05:55 and arriving at 08:20, and the return flight 9C8894 departing at 10:20 and arriving at 14:00 [2] - The existing daily flight from Guangzhou to Bangkok Suvarnabhumi (9C7419) operates at 09:00, arriving at 11:00, with the return flight (9C7420) departing at 21:55 and arriving at 02:00 the next day [2] Group 2: New Routes and Market Impact - IndiGo Airlines will launch a daily direct flight from New Delhi to Guangzhou starting November 10, following the resumption of the Kolkata-Guangzhou route on October 26 [2] - This marks the official restart and intensification of direct flights between China and India after a five-year hiatus, utilizing Airbus A320 aircraft for the new route [2] - The new route is expected to connect India's extensive domestic network with the Chinese market, fostering cooperation in trade, investment, tourism, and education between the two countries [2]

股票代码：601021 股票简称：春秋航空 公告编号：2025-056 春秋航空股份有限公司 关于控股股东部分股份质押展期及解除质押的公告 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。 重要内容提示： 春秋航空股份有限公司（以下简称"公司"）控股股东上海春秋国际旅行社 （集团）有限公司（以下简称"春秋国旅"）持有公司股份数量为 504,000,000 股， 占公司总股本的比例为 51.52%；本次办理质押展期和解除质押手续后，春秋国旅 累计质押公司股份数量为 35,910,000 股，占其所持公司股份数量的 7.13%，占公司 总股本的比例为 3.67%。 一、股东部分股份质押展期情况 春秋国旅本次解除质押的股份暂无后续质押计划，未来将基于相关融资需求而 定。 三、股东股份累计质押情况 公司于 2025 年 10 月 24 日接到控股股东春秋国旅关于部分股份质押展期的通 知，于 2025 年 10 月 23 日将其原质押给中信证券股份有限公司的合计 4,510,000 股 公司股票办理了相关质押展期手续。具体事项如下： | ...

Group 1 - The aviation and airport sector experienced a decline of 1.41% on October 24, with China National Aviation leading the drop [1] - The Shanghai Composite Index closed at 3950.31, up 0.71%, while the Shenzhen Component Index closed at 13289.18, up 2.02% [1] - Xiamen Airport saw a closing price of 15.70, with an increase of 2.28%, while China Eastern Airlines closed at 4.85, down 1.82% [1] Group 2 - The aviation and airport sector had a net outflow of 197 million yuan from institutional investors, while retail investors saw a net inflow of 100 million yuan [2] - Shenzhen Airport had a net inflow of 14.99 million yuan from institutional investors, while China National Aviation experienced a net outflow of 10.24 million yuan [2] - The overall capital flow showed that retail investors contributed positively to some stocks, despite the overall sector decline [2]

近日，春秋航空对外宣布：自 2025年10月28日起，对广州至曼谷航线进行加密，航班频次从每周7班提升至每周 10班，新增的直飞航班班次将于每周二、周四、周六出发。 每周新增二、四、六航班，提升至10班 跟团游产品将带领游客游览曼谷及周边的热门景点，如庄严宏伟的大皇宫、宁静神圣的玉佛寺、规模宏大的卧佛 寺等。同时，还为游客安排了丰富多样的特色美食体验和文化交流活动，让游客深度领略泰国的独特风土人情。 自由行产品则突出个性化和自由度，深受游客喜爱，游客可以根据自身的兴趣爱好和实际需求，自由规划行程， 尽情享受泰国轻松惬意的假期时光。 采写：南都N视频记者 肖阳 春秋航空相关负责人表示，为顺应游客不断攀升的出行热情，满足日益增长的出行需求，加开航班是公司东南亚 航线布局战略中的关键一步。未来，春秋航空还将持续发力，致力于为广大游客提供更加便捷、实惠的飞行服 务，为促进中外旅游交流与合作贡献力量。 春秋旅游打造"泰国5日游"旅游产品 随着新航线的开通，春秋旅游打造了为期5日的跟团游和自由行产品。 南都记者了解到，新增的航次为每周二、四、六航班：广州-曼谷素万那普 9C8893，05:55-08：20；曼谷素万那 普 ...

Market Overview - On October 23, the aviation and airport sector rose by 0.38% compared to the previous trading day, with Shenzhen Airport leading the gains [1] - The Shanghai Composite Index closed at 3922.41, up 0.22%, while the Shenzhen Component Index closed at 13025.45, also up 0.22% [1] Stock Performance - Shenzhen Airport (000089) closed at 7.40, up 3.06% with a trading volume of 554,900 shares and a turnover of 408 million yuan [1] - Xiamen Airport (600897) closed at 15.35, up 1.12% with a trading volume of 67,900 shares and a turnover of 105 million yuan [1] - China Eastern Airlines (600115) closed at 4.94, up 0.82% with a trading volume of 966,200 shares and a turnover of 473 million yuan [1] - China Southern Airlines (600029) closed at 6.66, up 0.45% with a trading volume of 608,500 shares and a turnover of 403 million yuan [1] Capital Flow - The aviation and airport sector saw a net inflow of 32.22 million yuan from institutional investors, while retail investors experienced a net inflow of 35.07 million yuan [2] - However, speculative funds recorded a net outflow of 67.29 million yuan [2] Individual Stock Capital Flow - China Southern Airlines (600029) had a net inflow of 69.47 million yuan from institutional investors, while it faced a net outflow of 34.49 million yuan from speculative funds [3] - China Eastern Airlines (600115) saw a net inflow of 39.42 million yuan from institutional investors, with a net outflow of 3.79 million yuan from speculative funds [3] - Shenzhen Airport (000089) experienced a net outflow of 11.13 million yuan from institutional investors, but had a net inflow of 5.62 million yuan from retail investors [3]

Core Viewpoint - The aviation sector is experiencing a significant recovery after being undervalued for the past two to three years due to the pandemic and international flight disruptions, with recent data indicating a strong upward trend in stock prices and operational metrics [1][6]. Group 1: Market Performance - Since October 9, 2025, the Hong Kong aviation sector has seen substantial gains, with increases of 3.47%, 5.68%, and 5.38% on October 9, 15, and 20 respectively, leading to a cumulative rise of 15.14% [1] - China Eastern Airlines (00670) has recorded a cumulative increase of 37.42%, while China Southern Airlines (01055) has seen a rise of 22.57% [1] Group 2: Passenger Demand and Flight Operations - The National Day and Mid-Autumn Festival holidays have driven a surge in travel, with an estimated 2.432 billion people traveling during the holiday period, marking a historical high and a 6.2% year-on-year increase [3] - Civil aviation passenger volume reached 19.138 million during the holiday, with a daily average of 2.392 million, reflecting increases of 4.1% and 26.9% compared to 2024 and 2019 respectively [3] - The number of flights executed daily has increased to 15,539, a 3.73% rise from the previous year, indicating stable growth in flight operations [3] Group 3: Pricing and Cost Dynamics - The average domestic economy class ticket price in September 2025 was 697 yuan, a 0.6% increase year-on-year, while prices during the holiday period averaged 849 yuan, up 0.3% year-on-year [5] - Oil prices are expected to decline, which could enhance the profitability of airlines as the cost of aviation fuel decreases [5] Group 4: Long-term Industry Outlook - The aviation industry is poised for a "super cycle" due to a favorable supply-demand dynamic, with demand expected to grow significantly as consumer behavior shifts towards leisure travel and business travel recovers [7][9] - The supply side faces constraints, with global aircraft manufacturing capacity recovering slowly, and domestic capacity growth projected at only 3.1% annually from 2025 to 2028 [10] - Market reforms and industry self-regulation have improved pricing power for airlines, leading to a potential increase in profitability as demand continues to rise [11] Group 5: Investment Opportunities - The aviation sector is entering a phase characterized by high demand, low supply, and supportive policies, creating conditions for a sustainable profit growth period from 2025 to 2028 [12] - Investors are encouraged to focus on full-service airlines with hub advantages and international route flexibility, as well as low-cost carriers with efficient operational models [12]

Core Viewpoint - Spring Airlines experienced a decline of 0.95% in stock price on October 22, with a trading volume of 177 million yuan, indicating a potential shift in investor sentiment and market dynamics [1] Financing Summary - On October 22, Spring Airlines had a financing buy-in amount of 20.11 million yuan and a financing repayment of 11.39 million yuan, resulting in a net financing purchase of 8.72 million yuan [1] - As of October 22, the total financing and securities lending balance for Spring Airlines was 476 million yuan, with the financing balance at 471 million yuan, accounting for 0.89% of the circulating market value, which is above the 80th percentile of the past year [1] - In terms of securities lending, 17,000 shares were repaid, and 3,900 shares were sold on October 22, with a selling amount of 211,800 yuan, while the securities lending balance was 4.53 million yuan, exceeding the 50th percentile of the past year [1] Business Performance Summary - As of June 30, Spring Airlines had 21,000 shareholders, a decrease of 7.43% from the previous period, with an average of 46,551 circulating shares per person, an increase of 8.02% [2] - For the first half of 2025, Spring Airlines reported operating revenue of 10.30 billion yuan, a year-on-year increase of 4.35%, while the net profit attributable to shareholders decreased by 14.11% to 1.17 billion yuan [2] - Since its A-share listing, Spring Airlines has distributed a total of 2.83 billion yuan in dividends, with 1.90 billion yuan distributed over the past three years [2] Shareholding Structure Summary - As of June 30, 2025, Hong Kong Central Clearing Limited was the second-largest circulating shareholder, holding 22.71 million shares, an increase of 545,500 shares from the previous period [2] - Huatai-PineBridge CSI 300 ETF ranked as the eighth-largest circulating shareholder with 8.71 million shares, an increase of 772,500 shares [2] - Industrial Bank Convertible Bond (003401) entered the top ten circulating shareholders with 8.46 million shares, while E Fund CSI 300 ETF ranked tenth with 6.21 million shares, reflecting changes in institutional holdings [2]

Market Overview - On October 22, the aviation and airport sector declined by 0.19% compared to the previous trading day, with Huaxia Airlines leading the decline [1] - The Shanghai Composite Index closed at 3913.76, down 0.07%, while the Shenzhen Component Index closed at 12996.61, down 0.62% [1] Stock Performance - Key stocks in the aviation and airport sector showed mixed performance, with China Eastern Airlines up by 0.82% to 4.90, while Huaxia Airlines fell by 2.36% to 10.77 [2][3] - The trading volume and turnover for major stocks included: - China Eastern Airlines: 1.0972 million shares, turnover of 534 million yuan - Huaxia Airlines: 327,400 shares, turnover of 351 million yuan - Xiamen Airport: 48,400 shares, turnover of 73.69 million yuan [1][2] Capital Flow - The aviation and airport sector experienced a net outflow of 152 million yuan from institutional investors, while retail investors saw a net inflow of 168 million yuan [2][3] - Detailed capital flow for selected stocks included: - China Eastern Airlines: Net inflow of 50.62 million yuan from institutional investors - Huaxia Airlines: Net inflow of 2.51 million yuan from institutional investors - Xiamen Airport: Net outflow of 6.81 million yuan from institutional investors [3]

扬子晚报网10月22日讯(记者陈咏)记者22日从春秋航空（601021）扬州基地获悉，10月底，民航系统迎来新一轮换 季，本次冬春航季执行时间是2025年10月26日至2026年3月28日。2025年冬春航季，南方航线客流量逐渐增加，春秋 航空将加密扬州(泰州)=南宁航线，执飞时间自10月26日起每日一班，北京时间13：15从扬州(泰州)国际机场起飞， 16:15落地南宁吴圩国际机场。回程北京时间17:10从南宁吴圩国际机场起飞，19:45落地扬州(泰州)国际机场。 轻松出行 记者了解到，春秋航空在冬春航季将继续执飞扬州(泰州)=揭阳、扬州(泰州)=厦门、扬州(泰州)=昆明等航线，且均为 每天一班。国际航线方面，继续执飞扬州(泰州)=大阪和扬州(泰州)=首尔航线。上海春秋旅行社有限公司扬州分公司 负责人赵士可表示，本次冬春航季特别推出"南宁旅居""品味潮汕""环游厦门"等多款旅游休闲产品供游客选择。 据悉，扬州(泰州)飞往哈尔滨、长春、重庆、贵阳等热门旅游城市的航线，将持续出现大量高折扣幅度特价机票，市 民出行成本大幅降低。如扬州(泰州)至哈尔滨机票价格约390元起，扬州(泰州)至重庆约240元起，扬州(泰州 ...

作为该剧的核心场景载体，春秋航空的行业实力在剧中得到充分展现。截至2025年，春秋航空总机队规 模达134架，年旅客运输量超过2800万人次。数据显示，2017年至2024年间，其六次斩获国内大中型航 司准点率第一；2024年，其航班运行正常率达到90.3%，并获"中国民航局飞行安全四星奖"，成为民营 航企中唯一获得"企业主体信用等级AAA"的航空公司，充分彰显了"安全第一、准点优先"的民航担当。 剧中也展现了民航企业完善的人才培养体系，从新员工入职培训、领导力提升到线上线下双轨教学，再 到韩国、日本、泰国等多国海外招聘岗位，展现了民航企业为从业者搭建的广阔发展平台，呼应了"重 视人才培养、助力职业发展" 的社会导向。 《薛定谔的猫千金》以新颖的题材填补了民航宠物类短视频的空白，通过"小剧情"传递"大行业"价值， 为行业文化传播与形象建设注入新活力。（编辑：张薇，校对：张彤，审核：程凌） 《中国民航报》、中国民航网 记者胡夕姮 通讯员陈晓 报道：近日，国内首部将民航行业特色与宠物题 材相结合的短视频《薛定谔的猫千金》正式上线。该剧通过"薛定谔"概念构建剧情悬念，以傲娇"喵千 金"从豪门生活到民航职场的成长为主 ...