2025.08. 22 本文字数：1701，阅读时长大约3分钟 作者 | 第一财经 陈姗姗 | 不过，这一航班量依然比疫情前的水平相差甚远。在疫情前，中加之间每周的航班量超过70班。 | | --- | 中国东航（600115）今日宣布，将自9月25日起恢复上海至温哥华直飞往返航线，每周一、四执 飞，采用A350-900宽体机型执飞。 上海至温哥华的直飞航线疫情前一直在飞，疫情中停飞后一直未能复航，主要由于中加之间的航权限 制。 第一财经记者了解到，疫情后，中加航线的恢复比中美航线还要缓慢，导致票价也是居高不下，不过 三大航近期都已获批增班。 中加增班受限 在东航之前，南航和国航也披露了增班加拿大的计划，其中南航自9月16日起新增一周2班广州-加 拿大温哥华航班，国航自8月27日起，北京-温哥华从每周1班增加到2班，北京-多伦多从每周2班 增加到3班。 也就是说，国有三大航此次一共获批新增一周6班中加航班，令中国内地航司执飞的中加航班量增加 到每周24班。 据记者了解，疫情后的中加航班恢复缓慢，主要是由于加拿大对中方航司的增班数量有限制，中方航 司的航班总数要与加方航司对等，疫情放开后最初的要求是每周不超过6 ...

Core Insights - The 2025 summer transportation period will last from July 1 to August 31, totaling 62 days, with airlines actively preparing by increasing capacity and deploying multiple C919 aircraft to meet demand [1] - The number of available flights during the summer transportation period is expected to increase by approximately 7.3% year-on-year, with a projected total of 1.9597 million flights, although actual passenger flights are expected to grow by about 2.3% due to weather and cancellations [1] Group 1: Airline Operations - China Southern Airlines plans to operate over 3200 flights daily across 970 domestic and 260 international routes, with 5 C919 aircraft deployed on 13 routes [2] - China Eastern Airlines aims to execute over 1150 passenger routes with more than 3200 daily flights, including 11 C919 aircraft in commercial operation [2] - Hainan Airlines expects to operate approximately 53,000 flights, transporting nearly 9.06 million passengers, with a significant increase in international flights [3] Group 2: Route Adjustments - Airlines are strategically adjusting their route offerings, with China Southern Airlines opening new routes to popular tourist destinations and increasing flight frequencies [4] - 吉祥航空 is adding multiple cool destination routes and increasing flights to Japan and South Korea by over 19% [4] - Hainan Airlines is adjusting capacity based on passenger demand, focusing on popular international destinations as travel restrictions ease [5] Group 3: Market Trends - The expansion of China's visa-free travel and improved payment facilitation for foreigners is expected to boost inbound tourism, with cities like Manchester and Tokyo becoming popular destinations [5] - The international route structure is anticipated to continue evolving due to changes in international trade and tourism, with emerging markets becoming focal points for new route development [5]

Core Insights - The global airline industry is expected to achieve net profit growth in 2025, primarily due to a significant decrease in fuel prices, despite ongoing supply chain challenges faced by airlines worldwide, including those in China [1][8]. Financial Projections - The net profit for Asia-Pacific airlines is projected to reach $4.9 billion in 2025, an increase from $4 billion in 2024 [2][3]. - The revenue per passenger for Asia-Pacific airlines is expected to rise to $2.6 in 2025 from $2.3 in 2024 [2][3]. Regional Performance - Asia-Pacific is the largest air passenger market globally, with China accounting for over 40% of the region's passenger volume [4]. - Chinese airlines collectively returned to profitability in 2024, with a total profit of 4.47 billion yuan, although major state-owned airlines reported losses exceeding 6 billion yuan [4][5]. - Private airlines such as Spring Airlines, Juneyao Airlines, and Huaxia Airlines reported profits of 2.273 billion, 914 million, and 268 million yuan, respectively [5]. Challenges and Market Dynamics - The recovery of international routes is crucial for the profitability of Chinese airlines in 2025, as domestic market competition remains intense with oversupply issues [5][6]. - The International Air Transport Association (IATA) highlighted that North American airlines are expected to have the highest profitability, with a projected net profit of $12.7 billion in 2025, while Middle Eastern airlines will have the highest profit per passenger at $27.2 [5][6]. Industry Outlook - IATA forecasts an overall airline industry profit of $36 billion in 2025, driven by a 13% decrease in fuel prices compared to 2024 [8]. - Global passenger traffic is expected to reach 4.99 billion, marking a 4% increase from 2024, while air freight volume is projected to grow by 0.6% to 6.9 million tons [8]. - Supply chain issues, including a backlog of over 17,000 aircraft, are anticipated to persist, potentially affecting delivery times for new aircraft [8][12].

Core Viewpoint - Australia has become a key destination for domestic airlines in China to restore and open new intercontinental routes post-pandemic, driven by changes in passenger demand and international route structures [1][5]. Group 1: Airline Operations - China Eastern Airlines plans to increase the frequency of its direct flights from Shanghai to Brisbane starting in late June, with an initial increase from three to four flights per week [1][4]. - Hong Kong Airlines will launch a direct flight from Hong Kong to Sydney on June 20, marking its second destination in Australia post-pandemic [1][4]. - A total of nine domestic airlines have prioritized Australia for resuming intercontinental routes, with China Eastern Airlines being the largest carrier by flight volume [4]. Group 2: Flight Volume and Recovery - In April, China Eastern Airlines' flights to Sydney, Melbourne, and Brisbane increased by 10.7% year-on-year and by 12.59% compared to April 2019 [4]. - The flight volume of China Eastern, China Southern, and Xiamen Airlines to Australia ranked them as the top three carriers, with some airlines exceeding pre-pandemic levels [4]. - Sichuan Airlines' flight volume has more than doubled compared to April 2019 [4]. Group 3: Market Dynamics - The number of flights and passengers between China and Australia is currently unrestricted compared to routes to Europe and the US, making Australia a focal point for domestic airlines [5]. - The overall international flight volume has not yet returned to pre-pandemic levels, with recovery rates to Germany at 77.8%, France at 64%, and the US at only 26.4% [6][8]. - Domestic airlines are facing an oversupply of wide-body aircraft, prompting them to seek new intercontinental routes, particularly to Australia, where there are no restrictions on flight rights [8]. Group 4: Economic Impact and Tourism - The Queensland government has established the "Attracting International Aviation Investment Fund" (AAIF) worth AUD 200 million to encourage airlines to restore direct flights to Queensland [8]. - In 2019, China was the largest source of international visitors to Queensland, with 497,000 Chinese tourists generating AUD 1.61 billion in overnight visitor spending [8]. - As of the past year, Chinese visitors' overnight spending in Queensland reached AUD 916.1 million, re-establishing China as the top international consumer source for the region [8]. Group 5: Changing Travel Trends - Post-pandemic, the recovery of independent travel has outpaced that of group travel, with an increase in young and family travelers who have higher spending power [9]. - The implementation of transit visa exemptions and strategies like interline baggage handling and free overnight hotel stays are helping to attract more connecting passengers from regions like Japan and Europe to Australia [9].