Core Viewpoint - The aviation market in Northwest China, particularly at Xi'an Xianyang International Airport, is experiencing significant growth, with a strong performance during the New Year holiday period in 2026, reflecting the ongoing trend since 2025 [1][2]. Group 1: Passenger Traffic and Flight Operations - During the New Year holiday, Xi'an Xianyang International Airport recorded 2,448 flight takeoffs and landings, transporting 338,000 passengers, indicating a robust response to the tourism consumption boom in Northwest China [1]. - The airport's passenger flow was primarily concentrated on popular routes to cities such as Shanghai, Guangzhou, Shenzhen, Urumqi, and Sanya, with the Urumqi and Sanya routes maintaining high demand since 2025 [1][2]. Group 2: Infrastructure and Capacity Enhancements - The airport has optimized its flight routes for the 2025 winter-spring season, adding and restoring 17 new air traffic points, bringing the total to 146 domestic points, and increasing the frequency of flights on key routes to over 10 daily [2]. - The new South Second Runway and T5 terminal, which became operational on December 25, 2025, have enhanced the airport's capacity and operational efficiency, supporting smooth operations during peak travel periods [2][4]. Group 3: Service Quality and Cultural Integration - Xi'an Xianyang Airport has integrated cultural experiences into its service offerings, enhancing passenger experience through initiatives like non-heritage cultural exhibitions and New Year concerts, showcasing the historical charm of Shaanxi [3]. - The airport has implemented targeted services for special passenger groups, including first-time flyers and elderly travelers, ensuring a seamless travel experience and maintaining high service standards [3][4]. Group 4: Weather Preparedness and Operational Resilience - The airport has proactively planned for adverse weather conditions, such as low-temperature rain and snow, by enhancing monitoring and response strategies to minimize disruptions and ensure safe and orderly flight operations [4]. - The successful management of the New Year holiday period serves as a testament to the airport's ongoing improvements in route optimization, facility upgrades, and service innovations, reflecting the positive development trend in the Northwest aviation market [4].

【文/观察者网 王勇 编辑/赵乾坤】 当中老年人成为航空旅行消费增长最快群体，当张掖丹霞的直升机观光预订量超过传统景区门票，当上 海虹桥高铁站的旅客下火车即可办理值机手续……中国航空业与文旅产业的融合正经历一场从"运输工 具"到"体验场景"的深刻变革。2025年，这场变革在政策支持、市场需求和技术创新的三重驱动下，呈 现出前所未有的活力。 2026年元旦假期期间，航文旅市场持续火热。根据携程旅行提供给观察者网的数据，哈尔滨、浙江诸暨 等地机票和酒店订单增长163%和2544%。 航班管家提供给观察者网的数据显示，假期三天，境内航司客运量约588.5万人次，日均约196.2万人 次，同比增长10.8%，执行客运航班约4.20万班次，同比增长1.8%。 航文旅融合到底要融合什么？ 吉祥航空相关负责人对观察者网介绍，吉祥航空已将"航空+文旅"提升至公司战略层面进行系统化推 进。早在2025年6月，吉祥航空便与上海乐高乐园度假区达成战略合作，双方联合发布全球首架乐高乐 园主题彩绘飞机——上海乐高乐园号，邀请游客共赴上海乐高乐园，开启无限想象之旅。 在产品层面，吉祥航空以"上海乐高乐园号"为起点，实现双方品牌在会员权益 ...

2025年，石家庄机场立足京津冀世界级机场群建设，加快构建干支互联、机场互通的高质量国内航线网 络。 中国民航网 通讯员张烨、周雨 报道：2025年12月31日，石家庄正定国际机场（以下简称"石家庄机 场"）年度旅客吞吐量突破1200万人次，同比增长6.2%，创开航以来历史新高，区域航空枢纽作用进一 步增强。 作为京津冀世界级机场群的重要一极、河北省对外开放的空中门户，石家庄机场锚定"干支通、全网 联"精品机场建设目标，深化航文旅融合，全力打造"最便捷机场"，为京津冀世界级机场群及石家庄都 市圈建设注入强劲动能。 航线网络提质扩容 枢纽功能凸显 联合文旅部门启用"河北（石家庄）旅游服务中心"，为旅客提供信息咨询、交通换乘、旅游预订一站式 航空旅游服务；引入"石家庄游礼"文创店，常态化开展非遗文化展演与"遇见艺术"系列活动，让旅客在 候机间隙近距离感受非遗魅力，丰富出行文化体验。机场精准对接"银发游""亲子游""研学游"等多元客 群需求，推出六大特色旅游线路及"长者尊享""家庭悦享"等暖心服务；联动张家口、秦皇岛机场，打造 冰雪、海滨等地域特色鲜明的旅游线路产品，创新拓展"航空+赛事、音乐节"联合营销模式；持续 ...

创开航以来历史新高 石家庄机场年旅客吞吐量突破1200万人次 （来源：河北日报） 转自：河北日报 本报讯（贡宪云、张烨）2025年12月31日13时许，随着从杭州飞至石家庄的河北航空NS3216航班稳稳 降落石家庄机场，该机场年旅客吞吐量突破1200万人次，同比增长6.2%，年旅客吞吐量创开航以来历 史新高。 作为京津冀世界级机场群的重要一极、河北省对外开放的空中门户，2025年，石家庄机场锚定"干支 通、全网联"精品机场建设目标，深化航文旅融合，全力打造"最便捷机场"，区域航空枢纽作用进一步 增强。 2025年以来，石家庄机场持续深化与航空公司的战略合作，引入瑞丽航空、龙江航空等航司，新开通至 大理、拉萨等航线，加密至成都、广州等重点城市航班，其中至成都日均航班量10班，至上海日均航班 量7班。机场累计运营客运航线134条，客运通航城市85个，形成了覆盖东北、西北、西南、中南、华东 五大区域的"直飞可达、中转快联"航线网络。 同时，石家庄机场深化干支协同中转服务，强化与张家口、承德、秦皇岛等省内支线机场的衔接，实现 省内旅客经石家庄2小时内中转至20个国内主要城市，通程航班备案组合超3600个。2025年， ...

《中国民航报》、中国民航网 记者教欣铭 通讯员李夏、梁化聪、周雨 报道：12月16日，在"这么近 那 么美 周末到河北"第二届京津冀世界级机场群航文旅融合发展推进会上，石家庄正定国际机场（简 称"石家庄机场"）发布了航文旅融合发展"八大"行动举措，全面响应文化和旅游部、民航局联合印发的 《文化和旅游与民航业融合发展行动方案》要求。从航线网络加密到服务效率革新，从精准化场景服务 到多元化产品创新，从地域文化浸润到多方协同发力，石家庄机场以"八大"行动举措全方位重构航空出 行新场景，让旅客在起降之间既能尽享高效便捷旅途，又能深度感受燕赵文化底蕴，为河北航文旅融合 发展按下"加速键"。 航线织密+效率提升 打造"说走就走"出行体验 在服务设施升级上，机场将旅游服务中心升级为"一站式管家"，推动开通至正定、定州等景区的直通 车，提供旅游预订、行李寄送、文创展销等一体化服务；健全冰雪更衣室、租车服务点、航站楼会合点 等功能性服务区，满足旅客多元需求。同时，持续完善无障碍设施，实现通行无障碍；深化大字版信息 服务、手语服务，确保沟通无障碍。 文化浸润+产品创新 让机场成为"燕赵文化会客厅" 石家庄机场将燕赵文化元素全面融 ...

Core Insights - Guangzhou Baiyun International Airport has seen a significant increase in passenger traffic, reaching 76.52 million from January 1 to December 2 this year, surpassing last year's total [1] - The introduction of the T3 terminal and the fifth runway has enhanced operational capacity, contributing to a 19.01% year-on-year increase in international passenger numbers, totaling 15.84 million [1] - The airport's strategy as a comprehensive international aviation hub is accelerating, with a focus on expanding high-density and high-quality route networks in the Greater Bay Area [2] Passenger Traffic Growth - In November, Baiyun Airport recorded 7.32 million passengers, reflecting a year-on-year increase of over 12.56% [2] - The winter-spring flight schedule includes 10,728 weekly passenger flights, with several airlines increasing routes from Guangzhou [2] - New routes to South Asia and Oceania have been established, including direct flights to Kolkata and Delhi, and an increase of 30% in Oceania flight frequencies [2][3] International Route Expansion - Over 30 new, restored, and enhanced international routes have been launched this year, with more than 100 international and regional destinations now served [3] - Baiyun Airport is solidifying its position as the primary gateway from Southern China to Africa and the Middle East, with plans to further develop routes to Southeast Asia, South Asia, the Middle East, Australia, New Zealand, and Africa [3] Cultural and Tourism Integration - The T3 terminal features a panoramic viewing platform and cultural installations, attracting significant visitor traffic and enhancing the airport's role as a cultural hub [4] - The platform has welcomed over 3,000 visitors daily since its opening, with nearly 100,000 non-traveling visitors recorded in November [4] - Baiyun Airport has introduced immersive experiences that combine aviation culture, architectural aesthetics, and smart building features [4] Transportation Infrastructure Development - The T3 terminal has upgraded the airport's transportation system, including the opening of a comprehensive transportation center and improved access via highways and intercity trains [5] - The T3 transportation center spans 370,000 square meters, connecting three terminals and linking to multiple transportation modes, creating a "30/60/180" connectivity model for the Greater Bay Area [5] - This infrastructure development aims to facilitate seamless connections between major cities and airports in the region, promoting a "railway airport cluster" [5]

Financial Insights - The bond market overview indicates a slight increase in yields, with the 1-year government bond yield rising by 0.35 basis points to 1.41% and the 10-year yield increasing by 0.77 basis points to 1.85% [15] - The People's Bank of China conducted a 7-day reverse repurchase operation amounting to 793 billion yuan, with a fixed interest rate of 1.40% [21] Industry Dynamics - In Q3 2025, the online sales revenue of headphones and earphones in China increased by 9.8% year-on-year, reaching 7.84 billion yuan, despite a 6.4% decline in sales volume [27] - From January to October 2025, China's exports of construction machinery and parts totaled 48.57 billion USD, marking a 12% year-on-year increase, with significant growth in excavator exports to Europe and North America [29] - Global shipments of foldable smartphones reached a record high in Q3 2025, growing by 14% year-on-year, driven by the popularity of high-end models [31] Company Updates - Baijun Medical's ePTFE pericardial membrane product has received regulatory approval, with plans for global market sales following FDA registration [33] - Renfu Pharmaceutical has withdrawn its registration application for a recombinant plasmid liver cell growth factor injection, which was intended for treating severe limb ischemia [35] - Hualing Steel has repurchased a total of 43.48 million shares, representing approximately 0.63% of its total share capital, as part of its share buyback program [37]

Macro Dynamics - In the first ten months of 2025, China's service trade totaled 65,844.3 billion yuan, a year-on-year increase of 7.5% [2] - Service exports reached 29,090.3 billion yuan, growing by 14.3%, while imports amounted to 36,754 billion yuan, increasing by 2.6% [2] - The service trade deficit was 7,663.7 billion yuan, a decrease of 2,693.9 billion yuan year-on-year [2] Industry Developments - The Ministry of Culture and Tourism and the Civil Aviation Administration of China issued an action plan to promote the integration of culture, tourism, and civil aviation, aiming for improved travel services and broader coverage of domestic and international routes by 2027 [3] - The plan emphasizes tailored services for specific travel groups, including senior travelers, educational tours, family trips, winter sports tourism, and inbound tourism [3] Market Data - In November 2025, retail sales of new energy vehicles in China reached 1.354 million units, a year-on-year increase of 7% [4] - Cumulative retail sales for the year reached 11.504 million units, up 20% compared to the previous year [5] - Wholesale sales of new energy vehicles in November were 1.72 million units, a 20% increase year-on-year, with cumulative wholesale sales for the year at 13.777 million units, up 29% [5] Consumer Trends - From January to November 2025, the trade-in of consumer goods generated over 25,000 billion yuan in sales, benefiting over 360 million people [6] - Notable trade-ins included over 11.2 million vehicles, 12.844 million home appliances, and 9.015 million digital products [6] Company News - China International Capital Corporation, Dongxing Securities, and Xinda Securities announced continued suspension of their A-shares due to major asset restructuring plans [8] - New China Life Insurance's independent director Ma Yaotian resigned due to the expiration of his term, effective December 3, 2025 [9] - Industrial and Commercial Bank of China raised the minimum investment for its three-year large-denomination certificates of deposit to 1 million yuan, while the industry standard is around 200,000 yuan [10][11] Stock Market Performance - On December 3, 2025, A-shares saw a collective decline, with the Shanghai Composite Index down 0.51% and the ChiNext Index down 1.12% [12] - The Hong Kong stock market also experienced a downturn, with the Hang Seng Index falling by 1.28% [13] Corporate Developments - Moore Threads is set to be listed on the STAR Market on December 5, 2025 [14] - Guizhou Bailing's actual controller is under investigation by the China Securities Regulatory Commission for insider trading and other violations [14] - Zhong Guodong has been appointed as the General Manager of China Huaneng Group [15][16] - Airbus has revised its 2025 delivery target for civil aircraft down to approximately 790 units due to supply chain issues [17]

Core Viewpoint - The integration of civil aviation and cultural tourism is recognized as a strategic partnership, with the recent release of the "Action Plan for the Integration of Cultural Tourism and Civil Aviation" aiming to enhance the depth, scope, and quality of this integration [1][4]. Group 1: Infrastructure and Connectivity - The foundation of deepening the integration lies in strengthening the civil aviation network, which serves as a crucial link for national and international connectivity [1]. - The Action Plan emphasizes improving domestic travel accessibility by enhancing flight frequency between major tourist cities and regional airports, as well as expanding "door-to-door" transportation services [1]. - It also highlights the need to increase international flight routes, focusing on popular destinations in Southeast Asia and gradually expanding intercontinental routes to provide travelers with more options and efficient connections [1]. Group 2: Service Enhancement and Experience Optimization - The Action Plan calls for airlines and airports to improve service levels and optimize facilities to enhance the travel experience, particularly for the growing elderly traveler demographic [2]. - It suggests implementing age-friendly services and products, as well as designing engaging in-flight activities for educational and family-oriented travel [2]. - Specific measures for seasonal tourism, such as winter sports, are also recommended, including providing appropriate equipment handling services and ensuring passenger comfort [2]. Group 3: Cultural Value Creation - The civil aviation industry is transitioning from merely transporting passengers to creating cultural value, as encouraged by the Action Plan [3]. - It promotes the development of new products, business models, and scenarios that leverage unique cultural resources within the aviation sector [3]. - Initiatives include using aircraft cabins for cultural events and food showcases, transforming airports into cultural exhibition spaces, and repurposing retired aircraft for educational and immersive experiences [3]. Group 4: Collaborative Development - The integration of civil aviation and cultural tourism is seen as essential for industry upgrades and stimulating consumer potential, as outlined in the Action Plan [4]. - The next steps involve fostering consensus among stakeholders, enhancing inter-departmental collaboration, and employing innovative strategies to overcome integration challenges [4]. - The goal is to activate market dynamics and jointly advance the deep integration of civil aviation and cultural tourism [4].

Core Insights - The "Aviation + Cultural Tourism" ecological cooperation model was officially launched at the promotion conference held at Changsha Airport, with over 60 representatives from the aviation and tourism industries participating [1][2] Group 1: Cooperation Initiatives - Changsha Airport led the signing of the "Changsha Aviation and Cultural Tourism Cooperation Initiative" and the "Changsha Airport International Business Service Center Cooperation Initiative" with over 50 organizations, establishing a platform for deep integration of aviation transport, cultural heritage, and tourism consumption [1] - The airport has created a "one-stop service station" offering a "Changsha Travel Package" that includes a hand-drawn cultural tourism map, hotel and attraction discount coupons, 50% off taxi and luggage delivery services, and free performance tickets [1] Group 2: Themed Travel Products - Changsha Airport collaborated with major travel agencies to develop 10 themes and 60 "Flying Changsha" travel products, including "Red Tourism," "Cultural Tourism," "Culinary Tourism," and "Family Aviation Tours," with special emphasis on family-friendly experiences [2] - The "Family Aviation Tour" allows children to explore space at the Golden Eagle Space Theme Park and experience special airport vehicles, with free open days every Tuesday [2] Group 3: Innovative Platforms and Services - The airport partnered with Zhonglian Aviation Network Technology to create the first "Airport Full Network Transfer Operation Platform" in China, connecting 75 airports and 26 airlines, offering over 10 benefits such as free rescheduling and luggage transfer [3] - Seasonal travel initiatives include special transfer channels to popular winter destinations with ticket discounts of up to 100 yuan, and the "Flying Changsha · Joint Enjoyment" air-rail intermodal products covering 21 high-speed rail stations in the province [3] - The establishment of the "International Business Service Center" at Changsha Airport, in collaboration with local universities, provides real-time translation in over 140 languages and supports cross-border business expansion, serving as a bridge for international exchanges [3]