Group 1 - The stock price of Juneyao Airlines (603885) closed at 13.09 yuan on September 15, 2025, with a market capitalization of 28.589 billion yuan, reflecting a 0.31% increase from the previous trading day [1] - The stock opened at 13.03 yuan, reached a high of 13.18 yuan, and a low of 12.95 yuan, with a trading volume of 245 million yuan and a turnover rate of 0.86% [1] Group 2 - In August 2025, Juneyao Airlines reported a 2.66% year-on-year decrease in passenger capacity (ASK), with domestic, international, and regional routes changing by -6.77%, 13.68%, and -54.18% respectively [2] - The passenger turnover (RPK) decreased by 1.91% year-on-year, with domestic, international, and regional routes changing by -7.06%, 20.44%, and -52.31% respectively [2] - The passenger load factor was 88.96%, an increase of 0.69 percentage points year-on-year [2] - Available ton kilometers (ATK) increased by 0.59% year-on-year, while revenue ton kilometers (RTK) grew by 1.10% year-on-year [2] - Cargo and mail transport volume increased by 13.42% year-on-year [2] - The company did not introduce or retire any aircraft in August 2025, operating a total of 130 aircraft, including 93 A320 series and 10 Boeing 787 series, along with 27 Boeing 737 series operated by its subsidiary [2]

北京商报讯（记者 关子辰 牛清妍）9月15日，吉祥航空发布的月度运营数据显示，8月公司客运运力投 入（按可用座位公里计）同比下降2.66%；旅客周转量（按收入客公里计）同比下降1.91%；客座率为 88.96%，同比上升0.69%。 ...

Core Insights - The company reported a 2.66% year-on-year decrease in passenger capacity for August 2025, with domestic, international, and regional routes showing changes of -6.77%, 13.68%, and -54.18% respectively [1] - Passenger turnover decreased by 1.91% year-on-year, with domestic, international, and regional routes experiencing changes of -7.06%, 20.44%, and -52.31% respectively [1] - The passenger load factor increased by 0.69% year-on-year to 88.96%, with domestic, international, and regional routes showing changes of -0.28%, 4.73%, and 3.55% respectively [1] Domestic Operations - Domestic passenger capacity increased by 0.98% month-on-month in August 2025, while domestic passenger turnover rose by 5.67% month-on-month [1] - The domestic load factor improved by 4.02% month-on-month [1] International Operations - International passenger capacity increased by 0.35% month-on-month, with international passenger turnover rising by 6.07% month-on-month [1] - The international load factor improved by 4.54% month-on-month [1] Fleet Information - As of August 31, 2025, the company operates 93 A320 series aircraft, including 27 A321, 22 A320neo, and 14 A321neo models, along with 10 Boeing 787 series aircraft [2] - The subsidiary, Jiuyuan Airlines, operates 27 Boeing 737 series aircraft [2]

Core Viewpoint - The company reported a 2.66% year-on-year decrease in passenger capacity input for August 2025, with domestic capacity down by 6.77% and international capacity up by 13% [1] Group 1: Capacity and Performance - The domestic passenger capacity input (measured in available seat kilometers) increased by 0.98% month-on-month [1] - Domestic passenger turnover (measured in revenue passenger kilometers) rose by 5.67% month-on-month [1] - The domestic route passenger load factor increased by 4.02% month-on-month [1] Group 2: Fleet Information - The company and its subsidiary, Jiuyuan Airlines, did not introduce or retire any aircraft in the current month [1] - As of August 31, 2025, the company operates a total of 93 A320 series aircraft, including 27 A321 models, 22 A320neo models, 14 A321neo models, and 10 Boeing 787 aircraft [1]

证券代码：603885 证券简称：吉祥航空 公告编号：临 2025-060 上海吉祥航空股份有限公司 2025 年 8 月主要运营数据公告 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。 2025 年 8 月，公司客运运力投入（按可用座位公里计）同比下降 2.66%，其 中国内、国际和地区航线客运运力投入同比变动分别为-6.77%、13.68%和-54.18%； 旅客周转量（按收入客公里计）同比下降 1.91%，其中国内、国际和地区航线旅 客周转量同比变动分别为-7.06%、20.44%和-52.31%；客座率为 88.96%，同比上 升 0.69%，其中国内、国际和地区航线客座率同比变动分别为-0.28%、4.73%和 3.55%。 2025 年 8 月，公司国内客运运力投入（按可用座位公里计）较上月环比上 升 0.98%，国内旅客周转量（按收入客公里计）环比上升 5.67%，国内航线客座 率环比上升 4.02%。国际客运运力投入（按可用座位公里计）较上月环比上升 0.35%，国际旅客周转量（按收入客公里计）环比上升 6.0 ...

2025年8月，公司国内客运运力投入(按可用座位公里计)较上月环比上升0.98%，国内旅客周转量(按收 入客公里计)环比上升5.67%，国内航线客座率环比上升4.02%。国际客运运力投入(按可用座位公里计) 较上月环比上升0.35%，国际旅客周转量(按收入客公里计)环比上升6.07%，国际航线客座率环比上升 4.54%。 吉祥航空（603885）(603885.SH)公告，2025年8月，公司客运运力投入(按可用座位公里计)同比下降 2.66%，其中国内、国际和地区航线客运运力投入同比变动分别为-6.77%、13.68%和-54.18%;旅客周转 量(按收入客公里计)同比下降1.91%，其中国内、国际和地区航线旅客周转量同比变动分别为-7.06%、 20.44%和-52.31%;客座率为88.96%，同比上升0.69%，其中国内、国际和地区航线客座率同比变动分别 为-0.28%、4.73%和3.55%。 ...

Core Viewpoint - The company, Juneyao Airlines, reported a decline in passenger capacity and turnover for August 2025, with mixed performance across domestic and international routes [1] Group 1: Capacity and Turnover - The company's passenger capacity (measured in available seat kilometers) decreased by 2.66% year-on-year, with domestic, international, and regional routes showing changes of -6.77%, 13.68%, and -54.18% respectively [1] - The passenger turnover (measured in revenue passenger kilometers) fell by 1.91% year-on-year, with domestic, international, and regional routes experiencing changes of -7.06%, 20.44%, and -52.31% respectively [1] Group 2: Load Factor - The load factor for the company was 88.96%, an increase of 0.69% year-on-year, with domestic, international, and regional routes showing changes of -0.28%, 4.73%, and 3.55% respectively [1] Group 3: Month-on-Month Performance - In August 2025, the company's domestic passenger capacity increased by 0.98% month-on-month, while domestic passenger turnover rose by 5.67%, and the domestic load factor improved by 4.02% [1] - The international passenger capacity increased by 0.35% month-on-month, with international passenger turnover rising by 6.07%, and the international load factor improving by 4.54% [1]

Market Overview - On September 15, the aviation and airport sector declined by 0.43%, with Huaxia Airlines leading the drop [1] - The Shanghai Composite Index closed at 3860.5, down 0.26%, while the Shenzhen Component Index closed at 13005.77, up 0.63% [1] Stock Performance - Key stocks in the aviation and airport sector showed varied performance, with Hainan Airlines closing at 1.62, up 0.62%, and Huaxia Airlines closing at 9.43, down 1.46% [1][2] - The trading volume and turnover for major stocks included Hainan Airlines with 6.048 million shares traded and a turnover of 983 million yuan, while Huaxia Airlines had 171,800 shares traded with a turnover of 163 million yuan [1][2] Capital Flow - The aviation and airport sector experienced a net outflow of 281 million yuan from institutional investors, while retail investors saw a net inflow of 236 million yuan [2] - The capital flow data indicated that major stocks like China Eastern Airlines and Huaxia Airlines faced significant net outflows from institutional investors, amounting to 4665.96 million yuan and 4426.03 million yuan respectively [3] Individual Stock Analysis - Baiyun Airport had a net inflow of 8.754 million yuan from institutional investors, while Shenzhen Airport saw a net inflow of 7.5584 million yuan [3] - In contrast, stocks like Spring Airlines and Hainan Airlines faced substantial net outflows, with Spring Airlines experiencing a net outflow of 33.8408 million yuan [3]

日前， 吉祥航空 公布了2025年半年度报告，公司实现了营收和净利润的双增长，营业总收入110.67亿 元，同比上升1.02%；归母净利润5.05亿元，同比上升3.29%。 不过，扣除非经常性损益的净利润仅为4.08亿元，同比下降14.27%。这一关键指标的下滑，揭示了公司 主营业务盈利能力正在减弱。 一个值得关注的细节是，2025年上半年，吉祥航空的营业外收入同比大幅增长7963.19%，达到1.108亿 元。公司解释这主要是获得的飞机营运补偿。 仍然，营业外收支具有不确定性和不可持续性，不能作为公司盈利的长期支撑。这也解释了为什么在归 母净利润微增的情况下，扣非净利润却出现了两位数下降。 从单季度数据来看，吉祥航空第二季度表现有所改善，营业总收入53.45亿元，同比上升2.07%；归母净 利润1.6亿元，同比上升39.67%。 但纵观整个上半年，公司毛利率为11.84%，较去年同期大幅减少了24.61%。毛利率的显著下降表明公 司在主营业务上的盈利能力受到削弱。 2025年上半年，吉祥航空的营业成本增速明显快于收入增速。营业收入同比微增1.02%，而营业成本同 比增长5.65%，成本比收入增速快了4.5个 ...

Core Insights - The aviation and airport sector experienced a slight increase of 0.27% on September 12, with HNA Holding leading the gains [1] - The Shanghai Composite Index closed at 3883.69, up 0.22%, while the Shenzhen Component Index closed at 12996.38, up 0.13% [1] Group 1: Stock Performance - HNA Holding (600221) closed at 1.61, with a rise of 1.90% and a trading volume of 5.605 million shares [1] - China Eastern Airlines (600115) saw a decline of 0.98%, closing at 4.04 with a trading volume of 771,500 shares [2] - China National Aviation (601111) increased by 1.17%, closing at 7.81 with a trading volume of 525,700 shares [2] Group 2: Capital Flow - The aviation and airport sector experienced a net outflow of 205 million yuan from institutional investors, while retail investors saw a net inflow of 167 million yuan [2] - HNA Holding had a net inflow of 98.86 million yuan from institutional investors, representing 9.67% of its total trading volume [3] - China National Aviation experienced a net outflow of 22.93 million yuan from institutional investors, accounting for 3.78% of its trading volume [3]