SA(SH:601021) Di Yi Cai Jing·2025-11-19 09:04Core Insights - The recent increase in ticket cancellations for flights to Japan is attributed to a combination of seasonal factors and a new free cancellation policy implemented by multiple domestic airlines [1][2][3] - The number of travelers heading to Japan has seen a significant decline, with a reported drop in ticket orders and passenger volume [3][4][6] Group 1: Ticket Cancellations and Policy Changes - Several domestic airlines have announced free cancellation and rescheduling policies for flights to Japan, leading to a sharp increase in ticket cancellations, particularly for leisure travel routes [1][2] - As of November 18, the total number of ticket orders for flights to Japan has decreased by 543,000, indicating over 500,000 cancellations since November 15 [3] - The cancellation rate for flights to Japan reached 13.4% on November 18, marking the highest rate in the past five days [4] Group 2: Shifts in Travel Demand - With the decline in demand for travel to Japan, many travelers are redirecting their plans to warmer destinations, such as Southeast Asia and domestic locations [6] - Data shows that domestic flight bookings to warmer regions like Hainan and Yunnan have exceeded 4.72 million, reflecting a year-on-year increase of approximately 13% [6] - Countries like South Korea and Thailand are experiencing a rise in passenger traffic, indicating a potential shift in traveler preferences away from Japan [6]