Core Viewpoint - The upcoming peak return travel period to Shenzhen is expected to see over 100,000 travelers per day, influenced by weather conditions related to a typhoon [1] Group 1: Travel and Transportation - Shenzhen Airport has issued travel reminders for the return journey as the National Day and Mid-Autumn Festival holiday comes to an end [1] - The peak return flow of travelers is predicted to last until October 9, with daily arrivals in Shenzhen expected to exceed 100,000 [1] - Overall weather conditions in Shenzhen are suitable for travel, but the outer circulation of the typhoon may still impact flight routes [1]

Core Viewpoint - The peak return travel period for Shenzhen is expected to last until October 9, with daily arrivals exceeding 100,000 passengers in the coming days [1] Group 1 - Shenzhen Airport has issued a travel advisory for the upcoming return peak, indicating that weather conditions will generally be suitable for flights, but the outer circulation of a typhoon may still affect flight routes [1] - Travelers returning to Shenzhen are advised to monitor weather conditions closely and plan their return trips accordingly [1]

Core Viewpoint - The competition among the three major hub airports in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) is intensifying, with significant developments in runway construction, terminal upgrades, and route expansion, positioning the region as a leading international aviation hub [4][6][12]. Runway Competition - The number and scale of runways directly determine the takeoff and landing capacity and cargo throughput of airports. The GBA airports are rapidly expanding their runway infrastructure, with Hong Kong International Airport's third runway system set to be operational by November 2024, increasing its annual passenger capacity to 120 million and cargo capacity to 10 million tons [6][8]. - Guangzhou Baiyun International Airport has successfully tested its fifth runway, making it the first airport in the GBA and the second in China to have five runways, with a planned annual passenger throughput of 120 million and cargo throughput of 3.8 million tons [6][10]. - Shenzhen Bao'an International Airport's third runway is expected to be completed by 2025, aiming for an annual passenger throughput of 80 million and cargo throughput of 2.6 million tons [7][8]. Terminal and Facility Upgrades - The GBA airports are also upgrading their terminals and supporting facilities. Guangzhou Baiyun Airport's expansion will include two terminal areas, while Shenzhen Airport plans to complete T1 and T2 terminals by 2027 [10][11]. - Hong Kong Airport is expanding its Terminal 2 and enhancing its passenger transport systems [11]. Route Expansion - The competition extends to route networks, with Shenzhen Airport actively expanding its international and domestic routes. As of mid-2023, it has nearly 130 domestic and around 50 international routes, marking a significant increase [13]. - Guangzhou Baiyun Airport covers over 230 domestic and international destinations, with more than 1,800 international flights weekly [13]. - Hong Kong Airport connects over 220 destinations globally, with a strong focus on enhancing its domestic route network [14]. Passenger Source Competition - The GBA airports are competing for passenger sources by establishing city check-in counters in each other's territories. Shenzhen Airport has set up city check-in services in various locations in Hong Kong, attracting local residents to fly from Shenzhen [16]. - Hong Kong Airport has also established around 30 city check-in counters in the GBA, allowing passengers to check in and drop off luggage in mainland cities before traveling to the airport [16]. Collaborative Development - The GBA is home to multiple airports, and experts suggest that the region can support several international aviation hubs. The healthy competition among Guangzhou, Shenzhen, and Hong Kong airports is expected to lower travel and logistics costs and enhance connectivity [20][21]. - The GBA's development plan emphasizes the construction of a world-class airport cluster, with a focus on collaborative development and coordination among the airports [21][23].

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。 ...

Core Insights - Shenzhen Airport's duty-free business has been upgraded with the opening of new duty-free stores, enhancing its service coverage for inbound and outbound passenger flows [1] - The airport aims to establish itself as a globally influential consumption center through the development of its duty-free economy [1] Summary by Sections - **New Duty-Free Stores**: Three new duty-free stores have opened in the T3 terminal, strategically located in key passenger flow areas to cover the entire process from departure to arrival [1] - **Partnership and Operations**: Shenzhen Airport has partnered with Shenzhen Duty-Free Group to establish Shenzhen Pengsheng Airport Duty-Free Goods Co., Ltd., which operates the international duty-free business [1] - **Store Layout and Offerings**: The total area of duty-free stores at Shenzhen Airport has exceeded 2,000 square meters, featuring products from over 400 brands [1]

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]