春节民航旅客量创历史新高，节后机票价格大跳水

Core Insights - The Chinese civil aviation industry experienced a record high in passenger transport during the Spring Festival holiday, with a total of 22.05 million passengers transported, marking a 7.7% increase compared to the same period in 2025 [1] - The average daily passenger transport volume reached 2.452 million, a 7.3% year-on-year increase, also the highest level recorded for the Spring Festival [1] - Ticket prices for economy class flights rose significantly during the holiday, with an average price of 1,026.9 yuan, reflecting a 6.6% increase from 2025 and a 7.6% increase compared to pre-pandemic levels in 2019 [2] Passenger Transport Performance - On February 23, 2026, the peak day of passenger transport, 2.668 million passengers were transported, setting a new historical record [1] - China Eastern Airlines and China Southern Airlines reported record-breaking passenger numbers, with China Eastern Airlines achieving a single-day record of 526,000 passengers on February 22 [1] - Major airports, including Baiyun Airport and Shanghai Airport, also reported record passenger flows during the holiday period [1] Ticket Pricing Trends - Following the Spring Festival, ticket prices for many routes dropped significantly, with some prices falling below 200 yuan [4] - The average ticket price for domestic routes from February 24 to March 13 is approximately 950 yuan, a decrease of about 13% from the Spring Festival average [6] - Price reductions were more pronounced for flights departing from major cities, with average prices dropping by 30% from Beijing, 35% from Shanghai, and 31% from Guangzhou [6] Regulatory Environment - The Civil Aviation Administration of China (CAAC) is actively monitoring ticket pricing and has plans to establish a price monitoring and warning mechanism to prevent excessive low pricing by airlines [7] - The CAAC is collecting data from airlines to assess cost structures for different routes, which will inform future regulatory measures [7]