2025.09. 30 本文字数：3106，阅读时长大约5分钟 作者 | 第一财经 何涛 9月29日，广州白云机场T3航站楼轨道交通枢纽迎来试乘的城际列车，航站楼距离2025年底投运又近了一步。 9月25日，香港特区政府宣布，为进一步巩固香港机场作为国际航空枢纽的领导地位，将于10月1日起扩大豁免缴付飞机乘客离境税的涵盖范围，以吸引 更多旅客选择香港作为中转站。 9月22日至24日，深圳机场三跑道顺利通过由中国民航局组织的行业验收，完成投用前的最后一个关键步骤，投用进入最后倒计时。 短短一周内，粤港澳大湾区的三大枢纽机场各自迎来重要时刻。三大机场摩拳擦掌，大湾区航空枢纽竞争进入白热化阶段。 跑道竞赛 机场跑道的数量与规模，直接决定航空枢纽的起降能力和客货吞吐量。近年来，粤港澳大湾区各大机场的跑道建设你追我赶，"第三跑道"成为竞争的关键 词。 香港机场则扩建了二号客运大楼，并新建了T2客运廊、新旅客捷运系统及行李处理系统。 航线博弈 在硬件设施竞赛之外，航线网络的拓展争夺同样激烈。在这方面，深圳机场尤其积极。 香港国际机场抢得先机，其第三跑道系统已于2024年11月正式启用。新建的第三跑道全长3800米，使香港 ...

Core Insights - The competition among the three major airports in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) is intensifying, with significant developments occurring in a short time frame [1][2][3] Infrastructure Developments - Guangzhou Baiyun International Airport is set to achieve a capacity of 120 million passengers and 3.8 million tons of cargo annually after the completion of its expansion [3] - Shenzhen Bao'an International Airport's third runway, designed to handle 80 million passengers and 2.6 million tons of cargo annually, is expected to be completed by 2025 [2][3] - Hong Kong International Airport's third runway system, which will increase its annual passenger capacity to 120 million and cargo capacity to 1 million tons, is scheduled to be operational by November 2024 [2] Runway Competition - The GBA airports have increased their runway count to 13, with plans for the 14th and 15th runways underway [2] - Hong Kong International Airport leads with its third runway, while Guangzhou and Shenzhen are rapidly expanding their runway capabilities [2] Route Expansion - Shenzhen Airport has significantly increased its domestic and international routes, reaching nearly 130 domestic and around 50 international destinations in the first half of the year [5] - Guangzhou Baiyun Airport covers over 230 domestic and international destinations, with more than 1,800 international flights weekly [6] - Hong Kong Airport connects over 220 destinations globally, including around 50 in mainland China, with a strong focus on enhancing its domestic route network [6] Passenger Source Competition - Airports in the GBA are establishing city check-in lounges in each other's territories to attract passengers, with Shenzhen Airport seeing a 10% increase in Hong Kong residents flying from Shenzhen [7] - Hong Kong Airport has set up approximately 30 city check-in lounges in the GBA to facilitate passenger flow [7][8] Collaborative Development - The GBA aims to develop a world-class airport cluster, with a focus on enhancing the competitive positions of Hong Kong, Guangzhou, and Shenzhen airports while promoting coordinated development [9][10] - The region's population and economic scale support multiple international hubs, fostering healthy competition that can lower travel and logistics costs [9]

Core Insights - The aviation and airport sector saw a slight increase of 0.44% on September 26, with Spring Airlines leading the gains [1] - The Shanghai Composite Index closed at 3828.11, down 0.65%, while the Shenzhen Component Index closed at 13209.0, down 1.76% [1] Stock Performance - Spring Airlines (601021) closed at 53.49, up 1.60% with a trading volume of 69,400 shares and a transaction value of 371 million yuan [1] - Other notable performers included: - Juneyao Airlines (603885) at 13.60, up 1.49% [1] - China Southern Airlines (600029) at 6.03, up 1.17% [1] - Hainan Airlines (600221) at 1.59, up 0.63% [1] - China Eastern Airlines (600115) remained unchanged at 4.09 [1] Capital Flow - The aviation and airport sector experienced a net outflow of 97.52 million yuan from institutional investors, while retail investors saw a net inflow of 110 million yuan [2] - The detailed capital flow for individual stocks showed: - Shanghai Airport (600009) had a net inflow of 12.24 million yuan from institutional investors [3] - China Southern Airlines (600029) faced a net outflow of 17.22 million yuan from institutional investors [3] - Hainan Airlines (600221) had a net outflow of 2.16 million yuan from institutional investors but a net inflow of 16.92 million yuan from retail investors [3]

3家免税店均支持"即购即提"，店内支持现金、银联、支付宝、微信、Visa、MasterCard 等全渠道支 付，旅客购买完商品即可随身带上飞机。 目前，深圳机场免税店营业面积达2000多平方米，7家门店分布广泛，商品涵盖香化、烟酒、食品、精 品等多品类共计400多个品牌，部分店面24小时营业，可为旅客提供灵活的购物时间与舒适的购物环 境。 9月26日，据"深圳机场发布"消息，近日，深圳机场3家免税店正式开业。 新开业的3家免税店分别位于T3航站楼1楼国际到达行李提取处旁、T3航站楼2楼国际到达层西翼廊、T3 航站楼3楼国际出发层西翼廊。 ...

近日，深圳机场免税商业迎来升级，位于T3航站楼国际到达层、西翼廊出发及到达区域的一批新免税 店正式开业，标志着深圳机场的免税商业服务实现了对进出境客流的全域、全流程覆盖，助力深圳建设 具有全球重要影响力的消费中心。近年来，深圳机场大力发展机场免税经济，与深圳免税集团合资成立 深圳市鹏盛空港免税品有限公司，运营机场国际免税业务。据了解，此次新开业的3家免税店位于T3航 站楼1楼国际到达区域行李提取处旁、T3航站楼2楼国际到达层西翼廊、T3航站楼3楼国际出发层西翼 廊，科学布局于进出境旅客必经的核心动线，精准覆盖了从出发候机到抵达提取行李的全流程。目前， 深圳机场免税店营业面积已达2000多平方米，商品涵盖400多个品牌。 ...

Market Overview - On September 25, the aviation and airport sector declined by 0.11% compared to the previous trading day, with CITIC Heli leading the drop [1] - The Shanghai Composite Index closed at 3853.3, down 0.01%, while the Shenzhen Component Index closed at 13445.9, up 0.67% [1] Stock Performance - Key stocks in the aviation and airport sector showed mixed performance, with China Eastern Airlines up by 0.99% to 4.09, and Xiamen Airport down by 0.97% to 14.29 [1][2] - The trading volume and turnover for major stocks were significant, with China Eastern Airlines recording a turnover of 390 million yuan [1] Capital Flow - The aviation and airport sector experienced a net outflow of 283 million yuan from institutional investors, while retail investors saw a net inflow of 103 million yuan [2] - The detailed capital flow indicated that Southern Airlines had a net inflow of 8.66 million yuan from institutional investors, while China National Airlines faced a net outflow of 51.88 million yuan [3]

Core Points - Shenzhen's public transportation and airport operations are resuming following the impact of Typhoon "Haikui" [7][8] - The city has lifted all traffic control measures on highways and major tunnels, allowing for normal traffic flow [2][3] - The "Five Stops" measures (suspension of work, business, market, transport, and classes) have been lifted across the city [7] Group 1 - Shenzhen Metro announced that operations would resume from 16:00 with train intervals of 6 to 9 minutes [1] - All automotive passenger transport services, including buses and taxis, resumed operations at 16:00 [2] - The Shenzhen Bay Port resumed customs services at 16:30 following coordination between Shenzhen and Hong Kong [3] Group 2 - Shenzhen Airport plans to resume flight operations starting at 20:00, with preparations already underway [7] - The city's meteorological authority downgraded the typhoon warning, indicating a decrease in the storm's intensity [7] - The decision to lift the "Five Stops" was made by the Shenzhen municipal government based on the current situation [7]

Core Viewpoint - The article reports on the current flight operations at Shenzhen Bao'an Airport, highlighting the arrival and departure status of various flights, including delays and expected arrivals [1] Flight Operations Summary - Several flights have already departed from other locations and are expected to arrive in Shenzhen around 20:00 [1] - China Southern Airlines flight CZ6386 from Shenyang is scheduled to arrive at 19:48 [1] - Another China Southern Airlines flight CZ5672 on the same route has completed boarding [1] - Multiple inbound flights to Shenzhen are planned for later in the day, including flight CZ8128 from Tokyo, expected to arrive around 19:30 [1] Departure Status Summary - Departures from Shenzhen to destinations such as Dubai, Taipei, Sydney, and Riyadh are showing delays but have not been canceled [1] - Flights scheduled to depart from Shenzhen to Shanghai, Beijing, and Hangzhou after 21:00 are currently not showing any delays or cancellations [1]

Core Viewpoint - Shenzhen has lifted the "Five Stops" policy, allowing for the resumption of operations at Shenzhen Airport and the Shenzhen Metro, indicating a return to normalcy following recent weather disruptions [1] Group 1: Shenzhen Airport - Shenzhen Airport plans to resume flight operations starting from September 24 at 20:00, with flights already arriving from other locations [1] - Passengers are advised to check with their respective airlines for specific flight information and operational plans [1] Group 2: Shenzhen Metro - The Shenzhen Metro announced that it will resume operations on September 24 at 16:00 after safety inspections confirmed that all lines are ready for safe operation [1] - The metro service will maintain a train interval of 6 to 9 minutes across all lines [1]

深圳机场发布消息，随着台风"桦加沙"逐渐远离深圳，影响趋于减弱，按照深圳市工作部署，深圳机场 计划自9月24日20时起恢复航班运行。目前，已有航班从外站起飞返回本场，预计20时左右将陆续抵达 深圳。具体航班信息及航班运营计划，请旅客朋友联系所购票航空公司了解确认。目前，深圳机场各项 运行恢复准备工作正在有序进行中，航站楼已正常对外开放，请旅客朋友向购票航空公司确认所乘航班 信息后，依航班时间前往机场办理手续，深圳机场将联合航空公司全力做好航班服务保障。 ...