Core Insights - The winter-spring aviation season will commence on October 26, with Guangzhou Baiyun Airport set to introduce multiple new domestic and international routes, enhancing travel options for passengers [2] - China Southern Airlines (CSA) is expanding its passenger flight network with approximately 470,000 total flight operations planned, focusing on key hubs such as Guangzhou and Beijing Daxing [3] Group 1: New Routes and Frequency - Baiyun Airport will operate 10,728 passenger flights weekly, with several airlines, including CSA, Air China, and Eastern Airlines, increasing flights from Guangzhou [2] - Nine Air will launch 19 new routes for the winter-spring season, including direct flights from Guangzhou to Chizhou and Hanzhong, reducing travel time to under 3 hours [2] - CSA will introduce new international routes, including Guangzhou to Madrid and Darwin, and will resume direct flights to Perth and Adelaide, increasing flight frequency to Australia by 30% [3] Group 2: Market Demand and Capacity - Nine Air's new routes include domestic flights to Chizhou, Hanzhong, and Changzhou, providing more options for travelers [2] - CSA's fleet expansion includes the C909 and C919 aircraft, with over 700 weekly flights planned to meet market demand [3]

Core Viewpoint - China Eastern Airlines (600115.SH) reported an increase in passenger capacity and turnover for September 2025, indicating growth in both domestic and international markets [1] Group 1: Capacity and Performance Metrics - The passenger capacity (measured in available seat kilometers) increased by 3.63% year-on-year for September 2025 [1] - The passenger turnover (measured in revenue passenger kilometers) rose by 8.67% year-on-year for September 2025 [1] - The passenger load factor reached 87.57%, up by 4.06 percentage points year-on-year [1] - The cargo and mail turnover (measured in cargo mail ton kilometers) increased by 10.95% year-on-year for September 2025 [1] Group 2: Route Expansion - New domestic routes include Shanghai Pudong to Yiwu and increased frequency on routes such as Shanghai Hongqiao to Guangzhou and Shanghai Pudong to Harbin [1] - New international routes include Shanghai Pudong to Barcelona, Casablanca, and Tashkent, among others, with resumption of the Shanghai Pudong to Vancouver route [1] Group 3: Fleet Update - The company introduced 4 new aircraft in September 2025, consisting of 3 A320 series and 1 B787 series, while retiring 2 A320 series aircraft [1] - As of the end of September 2025, the total operational fleet consists of 820 aircraft [1]