每周股票复盘：海航控股（600221）国际航线周航班量超2019年水平

Core Viewpoint - Hainan Airlines Holdings has shown a positive trend in stock performance and operational efficiency, with a focus on optimizing capacity and enhancing customer service to improve profitability Group 1: Stock Performance - As of November 7, 2025, Hainan Airlines Holdings closed at 1.83 yuan, up 3.39% from 1.77 yuan the previous week [1] - The company's total market capitalization is 79.085 billion yuan, ranking 5th in the aviation and airport sector and 216th among A-shares [1] Group 2: Operational Highlights - The company has achieved a year-on-year increase in production volume and unit efficiency in the domestic market during September and October 2025, attributed to rapid adjustments in capacity based on market dynamics [2] - International market capacity and passenger volume increased by approximately 30% year-on-year, with a rise in average ticket prices despite increased capacity [2] - The company currently operates around 70 international and regional routes, with weekly flight volumes exceeding pre-pandemic levels [3] Group 3: Strategic Initiatives - Hainan Airlines plans to open a new direct flight route from Chongqing to Brussels on November 22, 2025, adding to its existing routes to Belgium [3] - The company aims to enhance its fleet structure and efficiency during the 14th Five-Year Plan period, focusing on optimizing aircraft utilization and maintaining a stable cost structure [5] Group 4: Financial and Operational Metrics - The company's unit ASK cost has decreased significantly by 54% year-on-year, benefiting from increased international flight production [4] - A large block trade occurred on November 6, 2025, with a transaction amount of 5.94 million yuan [4]