证券之星消息，1月19日航空机场板块较上一交易日上涨3.36%，中国东航领涨。当日上证指数报收于 4114.0，上涨0.29%。深证成指报收于14294.05，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) | | | --- | --- | --- | --- | --- | --- | --- | | 600115 | 中国东航 | 6.13 | 6.06% | 161.15万 | | 9.79亿 | | 600029 | 南方航空 | 7.75 | 4.31% | 93.73万 | | 7.20亿 | | 601111 | 中国国航 | 8.81 | 4.14% | 130.03万 | | 11.41亿 | | 601021 | 春秋航空 | 58.46 | 3.87% | 7.59万 | | 4.41亿 | | 603885 | 吉祥航空 | 15.31 | 3.73% | 19.01万 | | 2.89亿 | | 002928 | 华夏航空 | 11.25 | 3.21% | 27.00万 | | 3.02亿 | | 60 ...

Investment Rating - The report maintains a "Recommendation" rating for the aviation industry, expecting the industry index to outperform the benchmark index by over 5% in the next 3-6 months [61]. Core Insights - The domestic passenger load factor for listed airlines continues to improve, with Spring Airlines leading at 92.2% in December, and Air China showing the highest year-on-year increase [1]. - The report highlights a structural improvement in demand for the aviation industry, with a notable recovery in cross-border travel demand outpacing domestic demand [9]. - The report emphasizes the high elasticity of prices under high load factors, indicating potential for price increases as the industry recovers [9]. Summary by Sections 1) Domestic Routes - In December, the ASK (Available Seat Kilometers) growth was led by Spring Airlines at 16.4%, followed by China Southern Airlines at 6.8% and Air China at 4.2% [2]. - The RPK (Revenue Passenger Kilometers) growth for December was also led by Spring Airlines at 17.7%, with Air China at 10.6% and China Southern Airlines at 6.9% [2]. - For the cumulative data from January to December, East China Airlines had the highest ASK growth at 10.7%, while Spring Airlines and East China Airlines both had RPK growth of 9.1% [2]. 2) International Routes - In December, China Southern Airlines led with an ASK growth of 25.8%, followed by East China Airlines at 9.4% and Air China at 4.1% [3]. - The RPK growth for December was also led by China Southern Airlines at 22.8%, with East China Airlines at 11.0% and Air China at 9.1% [3]. - For the cumulative data from January to December, 吉祥航空 (Juneyao Airlines) showed the highest ASK growth at 37.6% and RPK growth at 43.5% [3]. 3) Regional Routes - In December, Spring Airlines had the highest ASK growth at 92.0%, while 吉祥航空 (Juneyao Airlines) experienced a decline of 20.2% [4]. - The RPK growth for December was again led by Spring Airlines at 97.5%, with 吉祥航空 (Juneyao Airlines) showing a decline of 15.9% [4]. - For the cumulative data from January to December, China Southern Airlines had the highest ASK growth at 3.1%, while Spring Airlines and 吉祥航空 (Juneyao Airlines) both showed significant declines [4]. 4) Passenger Load Factor - In December, Spring Airlines had a load factor of 91.5%, with a year-on-year increase of 0.7% [5]. - For the cumulative data from January to December, Spring Airlines maintained a load factor of 91.5%, with Air China at 81.9% showing a year-on-year increase of 2.0% [5]. - The total fleet of the five listed airlines increased by 15 aircraft by December 2025, with a year-on-year fleet growth of 4% [5].

Market Overview - The aviation and airport sector declined by 0.78% on January 16, with CITIC Hainan Airlines leading the drop [1] - The Shanghai Composite Index closed at 4101.91, down 0.26%, while the Shenzhen Component Index closed at 14281.08, down 0.18% [1] Stock Performance - Notable stock performances included: - Huaxia Airlines (002928) increased by 2.06% to close at 10.90 with a trading volume of 221,100 shares and a turnover of 239 million yuan [1] - Hainan Airlines (600221) rose by 0.60% to 69.1 with a trading volume of 2.51 million shares and a turnover of 423 million yuan [1] - Xiamen Airport (600897) increased by 0.42% to 16.87 with a trading volume of 35,800 shares and a turnover of 60.46 million yuan [1] - China Eastern Airlines (600115) decreased by 0.86% to 5.78 with a trading volume of 1.33 million shares and a turnover of 770 million yuan [1] - China Southern Airlines (600029) fell by 1.46% to 7.43 with a trading volume of 795,100 shares and a turnover of 594 million yuan [2] Capital Flow - The aviation and airport sector experienced a net outflow of 477 million yuan from institutional investors, while retail investors saw a net inflow of 257 million yuan [2] - The capital flow for individual stocks showed: - Xiamen Airport had a net inflow of 121.82 million yuan from retail investors, despite a net outflow of 341.39 million yuan from institutional investors [3] - CITIC Hainan Airlines faced a significant net outflow of 75.42 million yuan from institutional investors, while retail investors contributed a net inflow of 57.25 million yuan [3] - China Eastern Airlines had a net outflow of 73.70 million yuan from institutional investors, with retail investors contributing a net inflow of 45.21 million yuan [3]

中国国航宣布与空客公司签订飞机购置协议，购买60架空客A320neo系列飞机，计划于2028年至2032年 分批交付，目录价格合计约为95.3亿美元，涵盖机身、附加部件及引擎的价格。 1月15日，在最新发布的《全球航空服务市场预测》（以下简称《预测》）中，空中客车公司预测，航 空售后服务市场重心正呈现明显的东移趋势，其中，中国将成为价值最大的市场，规模预计将从2025年 的248亿美元增长至2044年的638亿美元。 未来20年预计接收超9000架新飞机 《预测》提到，从机队规模来看，中国已成为空中客车民用飞机的最大单一国别市场。根据空中客车全 球市场预测（GMF），未来20年中国预计将接收约9570架新飞机，这将进一步强化飞机全生命周期内 对各类服务的需求。 此前，多家国内上市航司于2025年末宣布与空客签订新的飞机订单。 华夏航空发布公告称，向空客订购3架A320系列飞机，将自2030年起的三年内完成交付。春秋航空、吉 祥航空也分别向空客购买30架、25架空客A320neo系列飞机，计划于2028年至2032年交付。其中，春秋 航空的30架飞机目录总价不超过41.28亿美元，吉祥航空的25架飞机目录价格约 ...

《中国民航报》、中国民航网 记者胡夕姮报道：1月15日15点50分，吉祥航空HO1361航班从上海浦东 国际机场起飞，执行首班上海直飞马来西亚斗湖（仙本那）的航线任务。该航线的开通，为华东地区旅 客前往沙巴州仙本那提供了又一直飞选择，将旅客的单程飞行时间缩短至约5小时，彻底告别以往需经 吉隆坡或亚庇中转的周折。 斗湖是前往"潜水天堂"仙本那的主要门户，当地以清澈如玻璃的海水、丰富的珊瑚生态和宁静的海岛度 假氛围闻名，近年来成为中国游客热衷的东南亚新兴目的地。此次吉祥航空开通的直飞航线，采用空客 A320系列客机执飞，每周运营三班，逢周二、周四、周六出发。去程航班HO1361于15:50自上海浦东起 飞，当地时间21:00抵达斗湖；返程航班HO1362于当地时间22:00从斗湖出发，次日凌晨02:55返回上海 浦东。 市场方面，随着2025年7月中马两国互免签证协定的正式生效，双向旅游与商务往来热度持续攀升。上 海－斗湖直飞航线的开通，正逢市场对便捷、高品质出境游需求升级的关键窗口。首航航班客票销售火 爆，春节前后时段预订持续升温，直观印证了"免签+直航"模式对旅游市场的强劲拉动作用，预计将显 著带动华东地区赴 ...

北京商报讯（记者 关子辰 牛清妍）1月15日，记者从吉祥航空获悉，当日下午15:50，吉祥航空HO1361航班从上海浦东国际机场起飞，执行首 班上海直飞马来西亚斗湖（仙本那）的航线任务。该航线的开通，为华东地区旅客前往沙巴州仙本那提供了又一直飞选择，将单程飞行时间缩 短至约5小时，让旅客告别经吉隆坡或亚庇中转的周折。 据了解，斗湖是前往"潜水天堂"仙本那的主要门户，近年来成为中国游客热衷的东南亚新兴目的地。此次吉祥航空开通的直飞航线，采用空客 A320系列客机执飞，每周运营三班，每周二、周四、周六出发。去程航班HO1361于15:50自上海浦东起飞，当地时间21:00抵达斗湖；返程航 班HO1362于当地时间22:00从斗湖出发，次日凌晨2:55返回上海浦东。首航航班客票销售火爆，春节前后时段预订持续升温。 ...

证券之星消息，1月15日航空机场板块较上一交易日下跌0.29%，厦门空港领跌。当日上证指数报收于 4112.6，下跌0.33%。深证成指报收于14306.73，上涨0.41%。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) | | --- | --- | --- | --- | --- | --- | | 002928 | 华夏航空 | 10.68 | 1.71% | 18.43万 | 1.97亿 | | 603885 | 吉祥航空 | 14.76 | 0.20% | 9.59万 | + 1.42亿 | | 000089 | 深圳机场 | 6.95 | 0.00% | 9.29万 | 6459.28万 | | 600004 | 白云机场 | 9.43 | -0.11% | 13.25万 | 1.25亿 | | 601111 | 中国国航 | 8.54 | -0.12% | 74.22万 | 6.37亿 | | 600009 | 上海机场 | 31.81 | -0.13% | 12.33万 | 3.94亿 | | 600029 | 南方航空 | 7. ...

Core Viewpoint - The announcement from the company indicates a mixed performance in passenger capacity and turnover for December 2025, with domestic capacity declining while international capacity shows growth [1] Group 1: Capacity and Turnover - The company's passenger capacity (measured in available seat kilometers) is expected to increase by 0.21% year-on-year in December 2025 [1] - Domestic passenger capacity is projected to decrease by 1.93%, while international and regional routes are expected to increase by 6.03% and decrease by 20.22% respectively [1] - The passenger turnover (measured in revenue passenger kilometers) is anticipated to rise by 2.02% year-on-year, with domestic, international, and regional routes showing increases of 0.85%, 5.77%, and a decrease of 15.90% respectively [1] Group 2: Load Factor - The load factor is expected to be 83.93%, reflecting a year-on-year increase of 1.49%, with domestic, international, and regional routes showing changes of 2.40%, -0.19%, and 4.52% respectively [1] Group 3: Month-on-Month Changes - In December 2025, domestic passenger capacity is projected to increase by 6.47% month-on-month, while domestic passenger turnover is expected to rise by 6.49% [1] - International passenger capacity is anticipated to increase by 10.49% month-on-month, with international passenger turnover rising by 4.30% [1] - However, the load factor for international routes is expected to decline by 4.55% month-on-month [1]

Core Viewpoint - The announcement from the company indicates a mixed performance in passenger capacity and turnover for December 2025, with domestic routes showing a decline in capacity while international routes experienced growth [1] Group 1: Passenger Capacity - The company's passenger capacity (measured in available seat kilometers) is expected to increase by 0.21% year-on-year for December 2025 [1] - Domestic, international, and regional route passenger capacity changes are -1.93%, 6.03%, and -20.22% respectively [1] - Month-on-month, domestic passenger capacity increased by 6.47%, while international capacity rose by 10.49% [1] Group 2: Passenger Turnover - The passenger turnover (measured in revenue passenger kilometers) is projected to rise by 2.02% year-on-year for December 2025 [1] - Year-on-year changes in passenger turnover for domestic, international, and regional routes are 0.85%, 5.77%, and -15.90% respectively [1] - Month-on-month, domestic passenger turnover increased by 6.49%, while international turnover saw a rise of 4.30% [1] Group 3: Load Factor - The load factor is reported at 83.93%, reflecting a year-on-year increase of 1.49% [1] - Year-on-year load factor changes for domestic, international, and regional routes are 2.40%, -0.19%, and 4.52% respectively [1] - Month-on-month, the load factor for domestic routes increased slightly by 0.01%, while international routes experienced a decline of 4.55% [1]

人民财讯1月14日电，吉祥航空(603885)1月14日公告，2025年12月，公司客运运力投入同比上升 0.21%；旅客周转量同比上升2.02%；客座率为83.93%，同比上升1.49%。 （原标题：吉祥航空：2025年12月旅客周转量同比上升2.02%） ...