Core Viewpoint - The company, Juneyao Airlines, reported a decline in passenger capacity and turnover for August 2025, with mixed performance across domestic and international routes [1] Group 1: Capacity and Turnover - The company's passenger capacity (measured in available seat kilometers) decreased by 2.66% year-on-year, with domestic, international, and regional routes showing changes of -6.77%, 13.68%, and -54.18% respectively [1] - The passenger turnover (measured in revenue passenger kilometers) fell by 1.91% year-on-year, with domestic, international, and regional routes experiencing changes of -7.06%, 20.44%, and -52.31% respectively [1] Group 2: Load Factor - The load factor for the company was 88.96%, an increase of 0.69% year-on-year, with domestic, international, and regional routes showing changes of -0.28%, 4.73%, and 3.55% respectively [1] Group 3: Month-on-Month Performance - In August 2025, the company's domestic passenger capacity increased by 0.98% month-on-month, while domestic passenger turnover rose by 5.67%, and the domestic load factor improved by 4.02% [1] - The international passenger capacity increased by 0.35% month-on-month, with international passenger turnover rising by 6.07%, and the international load factor improving by 4.54% [1]

Core Insights - The company reported an increase in passenger turnover volume (measured in revenue passenger kilometers) for July 2025 compared to the previous year [1] - The overall capacity input for passenger transport (measured in available seat kilometers) rose by 2.3% year-on-year, while passenger turnover volume increased by 2.2% [1] Domestic Operations - Domestic passenger capacity input decreased by 0.4% year-on-year, with passenger turnover volume also declining by 0.2% [1] - The average load factor for domestic routes increased by 0.1 percentage points year-on-year [1] International Operations - International passenger capacity input saw a significant increase of 10.3% year-on-year, with passenger turnover volume rising by 9.7% [1] - The average load factor for international routes decreased by 0.4 percentage points year-on-year [1] Regional Operations - Regional passenger capacity input declined by 3.9% year-on-year, with passenger turnover volume down by 3.4% [1] - The average load factor for regional routes increased by 0.3 percentage points year-on-year [1] Cargo Operations - Cargo capacity input (measured in available cargo ton kilometers) increased by 3.3% year-on-year, while cargo turnover volume (measured in revenue cargo ton kilometers) rose by 7.9% [1] - The cargo load factor was reported at 42.9%, an increase of 1.8 percentage points year-on-year [1] Fleet Update - In July 2025, the group introduced one C919 aircraft, one A320 series aircraft, and one B737 series aircraft, while retiring two A330 series aircraft [1] - As of the end of July 2025, the group operated a total of 935 aircraft, including 417 owned, 224 under finance leases, and 294 under operating leases [1]

Core Viewpoint - China Southern Airlines (600029.SH) reported an increase in passenger capacity and turnover for July 2025, indicating growth in both domestic and international markets [1] Passenger Operations - The group's passenger capacity (measured in available seat kilometers) increased by 6.66% year-on-year, with domestic, regional, and international segments rising by 5.69%, 1.01%, and 9.97% respectively [1] - Passenger turnover (measured in revenue passenger kilometers) rose by 7.29% year-on-year, with domestic, regional, and international segments increasing by 6.54%, 2.97%, and 9.85% respectively [1] - The passenger load factor was 84.38%, up by 0.50 percentage points year-on-year, with domestic and regional segments increasing by 0.67 and 1.56 percentage points, while international load factor decreased by 0.09 percentage points [1] Cargo Operations - In July 2025, cargo capacity (measured in available ton kilometers) increased by 0.22% year-on-year [1] - Cargo turnover (measured in revenue ton kilometers) rose by 3.60% year-on-year [1] - The cargo load factor was 50.89%, up by 1.66 percentage points year-on-year [1]

Core Viewpoint - China Southern Airlines (600029.SH) reported an increase in passenger capacity and turnover for July 2025, indicating growth in both domestic and international markets [1] Passenger Operations - Passenger capacity (measured in available seat kilometers) increased by 6.66% year-on-year, with domestic, regional, and international segments rising by 5.69%, 1.01%, and 9.97% respectively [1] - Passenger turnover (measured in revenue passenger kilometers) rose by 7.29% year-on-year, with domestic, regional, and international segments increasing by 6.54%, 2.97%, and 9.85% respectively [1] - The passenger load factor was 84.38%, up by 0.50 percentage points year-on-year, with domestic and regional segments increasing by 0.67 and 1.56 percentage points, while international load factor decreased by 0.09 percentage points [1] Cargo Operations - Cargo capacity (measured in available ton kilometers) increased by 0.22% year-on-year [1] - Cargo turnover (measured in revenue ton kilometers) rose by 3.60% year-on-year [1] - The cargo load factor was 50.89%, up by 1.66 percentage points year-on-year [1]

Core Viewpoint - China Eastern Airlines (600115.SH) reported an increase in passenger capacity and turnover for July 2025, indicating growth in operational performance and demand in the airline industry [1] Group 1: Passenger Operations - The passenger capacity input (measured in available seat kilometers) for July 2025 is expected to rise by 7.39% year-on-year [1] - The passenger turnover (measured in revenue passenger kilometers) is projected to increase by 9.42% year-on-year [1] - The passenger load factor stands at 84.76%, reflecting a year-on-year increase of 1.58 percentage points [1] Group 2: Cargo Operations - The cargo and mail turnover (measured in cargo mail ton kilometers) is anticipated to grow by 10.53% year-on-year for July 2025 [1]

Group 1 - The total passenger turnover in China from January to May 2025 reached 14,426.81 billion person-kilometers, with a cumulative growth of 5.2% [1] - In May 2025, the national passenger turnover was 2,960.19 billion person-kilometers, representing a year-on-year growth of 7.8%, which is an increase of 2.5 percentage points compared to the same period last year, and a month-on-month growth of 4.17% [1]

Core Viewpoint - China National Airlines (601111) reported an increase in passenger turnover and capacity for May 2025, indicating a positive trend in the airline's operational performance [1] Group 1: Passenger Metrics - The consolidated passenger turnover (measured in revenue passenger kilometers) increased year-on-year [1] - Passenger capacity input (measured in available seat kilometers) rose by 4.5% year-on-year [1] - Passenger turnover increased by 8.4% year-on-year [1] - The average passenger load factor was 81.3%, up by 2.9 percentage points year-on-year [1] Group 2: Cargo Metrics - Cargo capacity input (measured in available cargo ton kilometers) increased by 2.2% year-on-year [1] - Cargo and mail turnover (measured in revenue cargo ton kilometers) rose by 6.2% year-on-year [1] - The cargo load factor was 41.5%, an increase of 1.6 percentage points year-on-year [1]

Core Viewpoint - The announcement from China Southern Airlines indicates a significant increase in both passenger and cargo capacity and performance metrics for April 2025 compared to the previous year [1] Passenger Operations - Passenger capacity (measured in available seat kilometers) increased by 8.83% year-on-year [1] - Passenger turnover (measured in revenue passenger kilometers) rose by 12.14% year-on-year [1] - The passenger load factor reached 85.58%, an increase of 2.53 percentage points year-on-year [1] Cargo Operations - Cargo capacity (measured in available ton kilometers) increased by 14.46% year-on-year [1] - Cargo turnover (measured in revenue ton kilometers) grew by 6.63% year-on-year [1] - The cargo load factor was 51.38%, a decrease of 3.78 percentage points year-on-year [1]

证券代码：601111 股票简称：中国国航 公告编号：2025-008 中国国际航空股份有限公司 2025年1月主要运营数据公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 2025 年 1 月，中国国际航空股份有限公司（以下简称"本公司"）及所属 子公司（以下简称"本集团"）合并旅客周转量（按收入客公里计）同比上升。 客运运力投入（按可用座位公里计）同比上升 10.0%，旅客周转量同比上升 12.1%。 其中，国内客运运力投入同比上升 2.7%，旅客周转量同比上升 4.0%；国际客运 运力投入同比上升 31.8%，旅客周转量同比上升 37.9%；地区客运运力投入同比 上升 9.6%，旅客周转量同比上升 13.2%。平均客座率 79.1%，同比上升 1.5 个百 分点。其中，国内航线同比上升 1.0 个百分点，国际航线同比上升 3.4 个百分点， 地区航线同比上升 2.3 个百分点。 货运方面，货运运力投入（按可用货运吨公里计）同比上升 13.3%，货邮周 转量（按收入货运吨公里计）同比上升 8.1%。货运载运率为 32. ...