据江苏省消保委消息，近期，飞机"锁座"及有偿选座服务引发热议。为厘清行业经营边界，推动消费者 合法权益得到切实保障，江苏省消保委于11月21日线上约谈东方航空、南方航空、中国国航、海南航 空、厦门航空、深圳航空、山东航空、四川航空、春秋航空、吉祥航空等十家航空公司。会上，江苏省 消保委结合调查结果，通报了机票锁座服务市场存在的四个问题：一是锁座行为普遍存在，优质座位过 度锁定；二是解锁机制变相付费，挤压普通消费者权益；三是信息不透明且解释不合理，侵犯知情权； 四是协议文本存在不公平格式条款，权利义务设置不对等。江苏省消保委就飞机票锁座问题的整改工 作，向各航司提出两点明确要求，并于15个工作日内将整改情况以书面形式进行提交。 （文章来源：第一财经） ...

为厘清行业经营边界，推动消费者合法权益得到切实保障，江苏省消保委于11月21日线上约谈东方航 空、南方航空、中国国航、海南航空、厦门航空、深圳航空、山东航空、四川航空、春秋航空、吉祥航 空等十家航空公司。江苏省消保委表示，航空运输具有公共服务属性，消费者购买机票后，即与航空公 司建立了航空运输合同关系，依法享有包括选择合适座位在内的基本服务权利。当前部分航空公司将本 属常规服务范围的座位通过锁定方式进行收费的做法，涉嫌侵害消费者的公平交易权与自主选择权。同 时，江苏省消保委就飞机票锁座问题的整改工作，向各航司提出两点明确要求，并于15个工作日内将整 改情况以书面形式进行提交。 ...

Core Viewpoint - The aviation and airport sector experienced a decline of 1.84% on November 25, with Huaxia Airlines leading the drop. In contrast, the Shanghai Composite Index rose by 0.87% and the Shenzhen Component Index increased by 1.53% [1]. Group 1: Market Performance - The aviation and airport sector saw a net inflow of 105 million yuan from institutional investors, while retail investors contributed a net inflow of 141 million yuan. However, speculative funds experienced a net outflow of 246 million yuan [2][3]. - Key stocks in the aviation sector showed varied performance, with Xiamen Airport rising by 3.26% to close at 16.17 yuan, while Huaxia Airlines fell by 3.93% to 10.50 yuan [1][2]. Group 2: Individual Stock Analysis - Major stocks such as China Eastern Airlines and China National Aviation Corporation saw declines of 3.89% and 3.01%, respectively, indicating a broader trend of negative performance within the sector [2][3]. - The trading volume for China Eastern Airlines reached 2.06 million shares, with a transaction value of 1.028 billion yuan, highlighting significant trading activity despite the stock's decline [2].

每经编辑｜何小桃 据极目新闻报道，近日，多名中国网友发布视频称，在日本多个机场，挤满了返回国内的中国人，有的原计划就是近期回国，但也有人选择提前结束在日 行程安排，提前回国，大家拎着大包小包排队登机。 据多家媒体报道，截至11月24日10点，已有12条中日航线取消所有航班，涉及名古屋、福冈、札幌、大阪等地。 | | | 535 | 周赴目航班取消航线 | | | --- | --- | --- | --- | --- | | 出发地 | 目的地 | 目前已取消 | 总计划 | 未来一周赴日航班取消率 | | 杭州萧山 | 中部国际机场 | 7 | 7 | 100.0% | | 南京禄口 | 福冈机场 | 7 | 7 | 100.0% | | 运城盐湖 | 中部国际机场 | 4 | 4 | 100.0% | | 南京禄口 | 中部国际机场 | 3 | 3 | 100.0% | | 北京大兴 | 新干岁机场 | 3 | 3 | 100.0% | | 深圳宝安 | 中部国际机场 | 3 | 3 | 100.0% | | 成都天府 | 新干岁机场 | 3 | 3 | 100.0% | | 扬州泰州 | 关西国际机场 ...

Core Viewpoint - The recent increase in flight cancellations from China to Japan has negatively impacted major Chinese airlines, leading to a decline in their stock prices. Group 1: Stock Performance - Eastern Airlines (00670) fell by 5.02%, trading at HKD 4.35 [1] - Southern Airlines (600029) (01055) decreased by 3.88%, trading at HKD 4.96 [1] - Air China (601111) (00753) dropped by 3.44%, trading at HKD 6.18 [1] Group 2: Flight Cancellation Data - From November 24 to December 31, the number of planned flights from China to Japan increased by approximately 56% compared to the same period last month [1] - Following the announcement of special ticketing plans by the three major airlines, there has been a decline in ticket bookings [1] - The future 60-day ticket booking volume for flights from China to Japan has decreased by about 29% compared to the same period on November 15 [1] Group 3: Analyst Insights - Dongxing Securities indicated that airlines with a significant share of international flights to Japan may face some impact due to the high passenger volume on these routes [1] - Huatai Securities noted that while there may be short-term fluctuations in the China-Japan routes, the overall impact is manageable [1] - According to CAPA data, as of October 2025, the China-Japan route accounted for 2.8% of the overall ASK (Available Seat Kilometers) for Chinese airlines, suggesting that airlines could adjust their routes to mitigate the impact [1]

Group 1 - Recent stock buybacks and shareholder increases from over 60 companies in the Shanghai market signal positive market expectations [2][3] - On November 21, approximately 40 companies in the Shanghai market announced buybacks and operational improvements, with over 30 buyback announcements [3] - Companies like Huida Technology and Yuyuan Group initiated new buyback plans, with Yuyuan Group planning to buy back between 80 million to 120 million yuan [3][4] Group 2 - Spring Airlines accelerated its buyback efforts, planning to repurchase shares worth 300 million to 500 million yuan for employee stock ownership plans [4] - Huida Technology announced a buyback plan of 200 million to 400 million yuan, representing 0.35% to 0.69% of its total share capital [4] - Heng Rui Pharmaceutical reported a total buyback of 889,870 shares for approximately 59.79 million yuan [5] Group 3 - State-owned enterprises like Sinopec and Fenghuo Communication disclosed their buyback and increase progress, with Sinopec completing a buyback of 48.82 million shares for 270 million yuan [6][7] - China Glass has repurchased 34.18 million shares, accounting for 0.85% of its total share capital, with over 534 million yuan spent [6] Group 4 - The hard technology sector saw at least 14 companies report buyback progress and contract orders, indicating strong market confidence [8] - JinkoSolar announced the mass production of its TigerNeo3.0 product, achieving a production efficiency of over 24.8% and a power output of up to 670W [8]

Core Insights - The impact of recent statements from the Japanese Prime Minister has led to significant reductions and cancellations of flights between China and Japan, affecting travel plans during peak seasons such as New Year and Spring Festival [1][2] Flight Reductions and Cancellations - Starting December 1, 16 Chinese airlines will reduce weekly flights to Japan by 156, with the most significant cuts from Juneyao Airlines, which will decrease its flights from 114 to 79 per week, a reduction of 31% [1] - China Southern Airlines, Shenzhen Airlines, and Eastern Airlines will also see reductions of 23, 22, and 18 flights per week, respectively [1] - The cancellation rate for planned flights to Japan is projected to reach 21.6% by November 27, with 12 routes canceling all flights [1][2] Specific Route Adjustments - High cancellation rates are noted on routes such as Tianjin Binhai to Kansai International (65.0%) and Nanjing Lukou to Kansai International (59.4%) [2] - Smaller airlines like Beijing Capital Airlines are canceling entire routes, such as the Beijing Daxing to Sapporo New Chitose, while Changlong Airlines is canceling all flights in December [2][3] Aircraft Type Adjustments - Airlines are also adjusting aircraft types, with Air China switching from larger Airbus A330-300 to smaller A321 on several routes, reducing passenger capacity [3] - Some airlines, like Shandong Airlines and Xiamen Airlines, have not made any adjustments to their Japan flight schedules [3] Pricing Implications - The reduction in flights is expected to increase travel costs for consumers planning trips to Japan during the winter season, with Spring Airlines raising minimum ticket prices significantly [3] Summary of Flight Adjustments - A detailed table outlines various airlines and their specific flight adjustments, including reductions and cancellations across multiple routes, effective from late November through March 2026 [4][5]

Group 1 - Over 20 positive announcements were released by companies listed on the Shanghai Stock Exchange, indicating a trend of share buybacks and operational improvements [1] - China Petroleum & Chemical Corporation (Sinopec) completed its share buyback plan, repurchasing 89.35 million shares for approximately 5 billion yuan, with a repurchase average price of 5.60 yuan per share [2] - Spring Airlines initiated a share buyback plan of 300 million to 500 million yuan, with a total of 7.18 million shares repurchased so far, amounting to nearly 4 million yuan [2] Group 2 - At least 14 companies on the STAR Market announced share buyback progress and contract orders, with notable buyback amounts indicating strong commitment [3] - JinkoSolar announced the mass production of its Tiger Neo 3.0 solar module, achieving a production efficiency of over 24.8% and a power output of up to 670W [3] - Mountain Stone Network Technology reported progress in its ASIC security chip development, entering the mass production phase with successful internal testing [4]

Core Viewpoint - The article discusses the significant reduction and cancellation of flights between China and Japan due to recent political tensions, affecting travel plans for the upcoming winter and spring seasons [1][2]. Flight Reductions and Cancellations - Starting December 1, 16 Chinese airlines will reduce weekly flights to Japan by 156, with the most significant cuts from Juneyao Airlines, which will decrease its flights from 114 to 79 per week, a reduction of 31% [1]. - China Southern Airlines, Shenzhen Airlines, and Eastern Airlines will also see reductions of 23, 22, and 18 flights per week, respectively [1]. - The cancellation rate for planned flights to Japan is projected to reach 21.6% by November 27, with 12 routes already canceling all flights [1][2]. Impact on Travelers - The reduction in flights coincides with the peak travel season for skiing and hot springs in Japan, leading to potential disruptions for travelers planning winter trips [2]. - Specific routes with high cancellation rates include Tianjin Binhai to Kansai International (65.0%) and Nanjing Lukou to Kansai International (59.4%) [2]. Aircraft Type Adjustments - Airlines are not only reducing flight frequencies but also changing aircraft types to smaller models, such as switching from the Airbus A330-300 to the A321, which has a lower passenger capacity [3]. - Some airlines, like Shandong Airlines and Xiamen Airlines, have not made any adjustments to their Japan routes [3]. Price Increases - Spring Airlines has raised the minimum ticket prices for several routes, with the lowest fare for Shanghai to Okinawa reaching 42,900 JPY (approximately 2,000 CNY) [4]. Summary of Adjustments by Airlines - A detailed table lists various airlines and their specific route adjustments, including reductions in frequency and cancellations, with some airlines maintaining their original schedules [5][6][7].

Core Viewpoint - A significant number of flights from China to Japan have been canceled, with a high cancellation rate expected in the coming weeks due to travel warnings and geopolitical tensions [1][5]. Flight Cancellations - As of November 24, 12 routes between China and Japan have canceled all flights, affecting cities like Nagoya, Fukuoka, Sapporo, and Osaka [1]. - The cancellation rate for planned flights to Japan is projected to reach 21.6% by December 27, the highest in a month [2]. - Routes with the highest cancellation rates include Tianjin Binhai to Kansai International (65.0%), Nanjing Lukou to Kansai International (59.4%), and Guangzhou Baiyun to Kansai International (31.3%) [2]. Government Warnings - Multiple Chinese government departments, including the Ministry of Foreign Affairs and the Ministry of Culture and Tourism, have issued warnings advising citizens to avoid travel to Japan [5]. - The Hong Kong government has also updated travel information, urging residents to remain vigilant if traveling to Japan [5]. Airline Adjustments - Chinese airlines are making significant adjustments to their Japan routes, with many flights being closed for booking [5]. - China International Airlines has canceled plans to increase flights from Beijing Capital to Sapporo from four to seven weekly [6]. - Other airlines, such as China Eastern Airlines and Spring Airlines, have also announced reductions in flight frequencies and cancellations across various routes to Japan [8][11][21]. Geopolitical Context - Recent controversial statements by Japan's new Prime Minister have sparked criticism and heightened tensions between China and Japan, contributing to the decline in travel [16].