《中国民航报》、中国民航网 记者胡夕姮 通讯员吴坚 报道：9月17日，东航江苏公司综管部与江苏省 中医院江宁院区联合举办了一次多学科专家义诊活动，将三甲医院优质资源引入企业，为关爱员工身心 健康出实招，切实推进"幸福东航"建设落地见效。 中医理疗区域人气爆棚，成为本次活动的一大亮点。康复专家运用精准正骨手法，通过拔伸牵引、旋转 复位、按压调整等一系列专业操作，有效缓解了员工长期伏案工作导致的肩颈疲劳问题。体验员工连连 称赞，呼吁"专家要常来"。为了满足员工需求，现场还同步开通"江苏省中医院互联网医院"下单通道， 提供代煎中药和快递上门服务。 此次活动是东航江苏公司践行"帮助更多员工实现健康工作和生活"使命的具体举措。未来公司将继续深 化与医疗机构的合作，创新健康服务形式，全方位守护员工身心健康，为企业高质量发展注入持续动 力。（编辑：李佳洹 校对：陈虹莹 审核：韩磊） （本文图片均由东航江苏公司提供） 此次义诊活动以"顺应秋令、调和阴阳"为宗旨，汇聚医院综合内科、消化内科、针灸康复科、外科、肛 肠科等多领域资深专家。义诊台前，员工络绎不绝，现场气氛热烈。针对秋季燥邪易伤肺的特点，消化 内科专家为患有慢性胃炎、 ...

Core Viewpoint - The online travel industry is facing scrutiny as Ctrip, a major player, has been summoned for administrative talks by the Zhengzhou Market Supervision Administration due to allegations of unreasonable restrictions on pricing and transactions for platform operators [1][3][5]. Group 1: Regulatory Actions - The Zhengzhou Market Supervision Administration's announcement on September 17 highlights concerns over Ctrip's practices, including the use of a "price adjustment assistant" that allegedly forces hotels to comply with price changes without notification [3][4]. - This regulatory action follows a previous meeting in August where multiple travel platforms, including Ctrip, were warned about practices such as "forced choices" and price manipulation [3][4]. - Ctrip has been instructed to revise contracts and optimize tools to establish a long-term compliance mechanism [5]. Group 2: Ctrip's Business Performance - Ctrip has shown significant recovery from the pandemic, reporting revenues of 28.7 billion and a net profit of nearly 9.2 billion in the first half of 2025, translating to over 50 million in daily earnings [6][8]. - The company's revenue is primarily driven by accommodation bookings and transportation ticketing, which together account for over 70% of its total revenue [8][10]. - Despite Ctrip's financial success, many of its partners, including major airlines, are experiencing substantial losses, indicating a disparity in the industry's financial health [8][10]. Group 3: Industry Dynamics - The hotel industry is facing significant challenges, with approximately 30,000 hotels closing in the past two years, and average room prices declining by 6% year-on-year in 2024 [10]. - Ctrip's market share in the hotel and travel market is projected to reach 56% in 2024, benefiting from a high commission model that ranges from 10% to over 30% for some hotels [10]. - The ongoing regulatory scrutiny and the pushback from airlines suggest a growing tension between online travel agencies and traditional service providers, as airlines seek to reclaim pricing power and user data [11][13].

来源丨凤凰网财经《公司研究院》 作者丨 DW 国庆长假在即，在线旅游业的喧嚣却被一纸约谈书悄然打破。 9 月 17 日，郑州市市场监管局的一则公告，将行业巨头携程推至风口浪尖。公告称，已依法对携程运营主体进行行政约谈，直指其涉嫌利用服务协 议、交易规则及技术手段，对平台内经营者的交易与价格施以不合理限制。 这一约谈源于此前多家入驻携程的酒店反映，平台通过"调价助手"强制干预酒店定价、阻碍功能取消等问题。此前，在 8 月 5 日，贵州省市场监督 管理局集中约谈携程等五家涉旅平台企业，对相关平台企业可能存在的实施"二选一"、利用技术手段干预商家定价、订单生效后毁约或加价、价格欺 诈、哄抬价格等问题进行过通报。 对此，凤凰网财经《公司研究院》致电并短信留言至河南携程相关人员，对方并未回应。携程官方客服则表示："目前没有收到相关通知，已经就相 关问题进行了反馈。" 01 巨头阴影下的重锤：携程被约谈背后 回溯至 1999 年，中国互联网的黎明时分，四位背景各异的创始人——技术派的梁建章、行业通季琦、资本家沈南鹏与管理者范敏，以 200 万元启 动资金，共同点燃了携程的星火。 从 2003 年登陆纳斯达克敲响钟声，到 ...

行业动态：A 股上市航司发布 2025 年 8 月经营数据 8 月航空需求延续同比增长，供给增投受限使得客座率新高，同环比显著改善。 8 月行业供需延续同比增长，供给同比同期高基数增长有限，根据各公司公告， 8 月 A 股六家上市航司 ASK/RPK 同比+4.8%/+5.5%，整体客座率 86.9%，同 比+0.6pct：1）尽管国内需求同比增速放缓但还是跑赢供给增速：六航司 8 月国 内 ASK/RPK 同比+1.7%/+2.8%，客座率达 88.3%，同比+0.9pct，需求同比增 速较 7 月有所放缓；2）国际线运营量超过 2019 年水平，供需恢复度突破 100%： 8 月六航司国际线 ASK/RPK 同比+13.3%/+13.4%，客座率同比+0.1pct，国际 航线需求在 2024 年暑运运量基数上仍实现较高增长，延续了年初至今国际线供 需增长趋势，8 月单月数据已超过 2019 年同期，我们认为国际航线运量增长带 动行业飞机利用率回升、限制了国内航线运力投放能力。 交通运输物流行业 2025 年 8 月航空数据点评 客座率同环比显著改善，关注淡季需求改善延续性 2025 年 09 月 18 日 ...

Core Viewpoint - The aviation and airport sector experienced a decline of 2.43% on September 18, with Huaxia Airlines leading the drop. The Shanghai Composite Index closed at 3831.66, down 1.15%, while the Shenzhen Component Index closed at 13075.66, down 1.06% [1]. Group 1: Stock Performance - The following stocks in the aviation and airport sector showed notable performance: - Hainan Airlines (600221) closed at 1.73, up 1.17% with a trading volume of 15.53 million shares [1]. - Baiyun Airport (600004) closed at 9.54, down 1.24% with a trading volume of 265,400 shares [1]. - Shanghai Airport (600009) closed at 31.94, down 1.39% with a trading volume of 146,200 shares [1]. - Spring Airlines (601021) closed at 53.31, down 1.82% with a trading volume of 63,800 shares [1]. - Xiamen Airport (600897) closed at 14.43, down 1.84% with a trading volume of 44,300 shares [1]. - Shenzhen Airport (000089) closed at 7.06, down 1.94% with a trading volume of 172,400 shares [1]. - Juneyao Airlines (603885) closed at 13.25, down 2.50% with a trading volume of 254,300 shares [1]. - CITIC Offshore Helicopter (000099) closed at 22.35, down 2.78% with a trading volume of 253,700 shares [1]. - Air China (601111) closed at 7.81, down 3.46% with a trading volume of 859,500 shares [1]. - China Eastern Airlines (600115) closed at 4.04, down 3.81% with a trading volume of 1,648,800 shares [1]. Group 2: Capital Flow - The aviation and airport sector saw a net outflow of 370 million yuan from institutional investors, while retail investors contributed a net inflow of 210 million yuan [2]. - The following stocks experienced significant capital flow: - Shenzhen Airport (000089) had a net inflow of 9.26 million yuan from institutional investors, but a net outflow of 733.53 million yuan from retail investors [3]. - Huaxia Airlines (002928) had a net inflow of 5.35 million yuan from institutional investors, with a net outflow of 137.69 million yuan from retail investors [3]. - Xiamen Airport (600897) had a net inflow of 1.24 million yuan from institutional investors, but a net outflow of 890.25 million yuan from retail investors [3]. - Shanghai Airport (600009) experienced a net outflow of 17.38 million yuan from institutional investors, while retail investors contributed a net inflow of 453.53 million yuan [3]. - Baiyun Airport (600004) had a net outflow of 21.21 million yuan from institutional investors, but a net inflow of 1.26 million yuan from retail investors [3].

中国民航网 通讯员徐知遥 报道：东航甘肃分公司于9月20日启动2025年秋冬换季工作，为期35天，从航 班运行、设备维护、人员培训等多个方面系统推进相关工作，全力确保冬季航空运输安全、高效、顺 畅。 为更好开展秋冬换季，首先是员工教育全覆盖，使所有从业人员充分认识换季工作的重要性和必要性， 明确换季工作的内容和要求。分公司还进一步完善冰雪天气应急预案，提高响应能力，确保在面临不正 常/突发事件时，能快速反应，有效处置。 东航甘肃分公司始终秉持"人民航空为人民"的宗旨，将航空安全和服务品质置于首位。此次秋冬换季工 作不仅是每年一度的重要保障任务，更是对全新运行环境下安全服务能力的一次全面检验。东航甘肃分 公司将以最高标准、最实举措，筑牢冬季运行安全根基，陪伴旅客温暖出行。（编辑：陈虹莹 校对： 李佳洹 审核：韩磊） （本文图片均由姜静拍摄） 甘肃地区冬季气候复杂，雨雪、大风和低能见度天气多发，对航班正常起降和地面服务保障提出更高要 求。对此，甘肃分公司结合冬季气候特征和T3航站楼新运行环境，提前制定秋冬换季计划，增强复杂 天气下航班运行保障能力，提升旅客出行体验。 此次换季工作恰逢兰州中川国际机场T3航站楼全面 ...

Core Viewpoint - China Eastern Airlines experienced a stock price increase of 4.48% on September 17, with a trading volume of 1.007 billion yuan, indicating positive market sentiment towards the company [1]. Financing Summary - On September 17, China Eastern Airlines had a financing buy-in amount of 67.53 million yuan and a financing repayment of 70.99 million yuan, resulting in a net financing outflow of 3.46 million yuan [1]. - The total financing and securities balance for China Eastern Airlines reached 444 million yuan, with the financing balance accounting for 0.61% of the circulating market value, which is above the 80th percentile level over the past year [1]. - The company had a securities lending repayment of 18,100 shares and a securities lending sell-out of 324,700 shares, with a sell-out amount of 1.36 million yuan calculated at the closing price [1]. Operational Performance - As of June 30, China Eastern Airlines reported a total revenue of 66.822 billion yuan for the first half of 2025, reflecting a year-on-year growth of 4.09% [2]. - The company recorded a net profit attributable to shareholders of -1.431 billion yuan, which represents a year-on-year increase of 48.30% in losses [2]. Shareholder Information - As of June 30, 2025, the number of shareholders for China Eastern Airlines was 155,100, a decrease of 11.06% compared to the previous period [2]. - The company has cumulatively distributed dividends of 3.296 billion yuan since its A-share listing, with no dividends distributed in the past three years [3]. - The top ten circulating shareholders include China Securities Finance Corporation, holding 430 million shares, and Hong Kong Central Clearing Limited, which increased its holdings by 55.22 million shares to 300 million shares [3].

Core Insights - The appreciation of the Renminbi has positively impacted certain sectors, with the Renminbi appreciation beneficiary sector rising by 0.71% compared to the previous trading day [1] - The Shanghai Composite Index closed at 3876.34, up 0.37%, while the Shenzhen Component Index closed at 13215.46, up 1.16% [1] Sector Performance - Leading stocks in the Renminbi appreciation beneficiary sector include: - Jingxing Paper (002067) with a closing price of 6.51, up 9.97% and a trading volume of 166,700 shares, totaling a transaction value of 109 million yuan [1] - China Eastern Airlines (600115) closed at 4.20, up 4.48% with a trading volume of 2,430,400 shares, totaling 1 billion yuan [1] - Southern Airlines (600029) closed at 6.23, up 2.98% with a trading volume of 1,246,400 shares, totaling 770 million yuan [1] Fund Flow Analysis - The Renminbi appreciation beneficiary sector experienced a net outflow of 514 million yuan from institutional investors, while retail investors saw a net inflow of 467 million yuan [2] - Notable fund flows include: - China Eastern Airlines with a net outflow of 50.94 million yuan from institutional investors and a net inflow of 34.51 million yuan from retail investors [3] - Jingxing Paper had a net inflow of 43.02 million yuan from institutional investors, but a net outflow of 24.24 million yuan from retail investors [3]

Core Insights - The aviation and airport sector experienced a 2.16% increase on September 17, with China Eastern Airlines leading the gains [1] - The Shanghai Composite Index closed at 3876.34, up 0.37%, while the Shenzhen Component Index closed at 13215.46, up 1.16% [1] Stock Performance - China Eastern Airlines (600115) closed at 4.20, up 4.48% with a trading volume of 2.43 million shares and a turnover of 1.007 billion [1] - Xiamen Airport (600897) saw a slight decline of 0.14%, closing at 14.70 with a trading volume of 29,500 shares [2] - The highest gainers included China Eastern Airlines, Xiamen Airlines, and Southern Airlines, with respective increases of 4.48%, 3.03%, and 2.98% [1][2] Capital Flow - The aviation and airport sector saw a net inflow of 106 million in main funds, while retail funds had a net inflow of 103 million [2] - The main funds showed a net outflow of 210 million, indicating a mixed sentiment among institutional investors [2] Individual Stock Capital Flow - China Eastern Airlines had a net outflow of 50.94 million from main funds but a net inflow of 34.51 million from retail investors [3] - China Southern Airlines experienced a net inflow of 6.64 million from main funds, indicating positive retail sentiment despite overall mixed capital flow [3] - Xiamen Airport faced a significant net outflow of 15.59 million from main funds, suggesting weaker institutional interest [3]

据天眼查APP显示，中国东方航空股份有限公司成立于1995年04月14日。注册资本2229129.657万人民 币。（数据宝） 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 （文章来源：证券时报网） 数据宝统计，截至14:58，中国东航成交额10.01亿元，创2024年10月9日以来新高。最新股价上涨 4.48%，换手率1.41%。上一交易日该股全天成交额为8.66亿元。 ...