Group 1 - The three major Chinese airlines, Air China, China Southern Airlines, and China Eastern Airlines, announced an extension of the free ticket refund and change policy for flights to and from Japan, applicable for tickets purchased before January 26 for travel dates from March 29 to October 24 [1] - The airlines have previously issued special handling plans for tickets related to Japan routes, with the initial free refund and change policy set to expire on March 28 [1] Group 2 - The Chinese Ministry of Foreign Affairs issued a warning advising citizens to avoid traveling to Japan during the upcoming Spring Festival due to rising safety concerns, including an increase in criminal cases against Chinese nationals and recent earthquakes [2] - As of January 26, 2026, there have been 49 flight routes canceled entirely, marking an increase from January, with a cancellation rate of 47.2% for flights from mainland China to Japan in January 2026, up by 7.8 percentage points from December 2025 [2]

"武汉⇋曼谷"国际货运航线开通 中新网武汉1月27日电 (张芹 涂宇轩 刘炳霖)一架满载跨境电商包裹及高价值电子产品的京东航空B737 —800BCF全货机27日上午从武汉天河国际机场起飞，直飞泰国曼谷素万那普国际机场，标志着京东物 流"武汉⇋曼谷"国际货运航线开通。 "武汉⇋曼谷"国际货运航线首航现场。 张芹 摄 据湖北机场集团企业管理部副部长刘锐介绍，"武汉⇋曼谷"国际货运航线去程重点搭载武汉东湖高新区 制造的高价值电子产品、精密仪器等，回程则重点运输以榴莲为主的热带水果及东南亚特色生鲜。 "该航线可精准匹配区域的特色产业与跨境物流需求，实现货物'即到即运、快速通达'。"京东物流航空 业务项目副总监霍俊希介绍，"武汉⇋曼谷"国际货运航线单程最大业载达22吨，可满足各类货物批量运 输需求。航班频次按季节动态调整，其中1月—10月每周执飞3班，11月—12月进行航班加密，每周执飞 5班。 中新经纬版权所有，未经书面授权，任何单位及个人不得转载、摘编或以其它方式使用。 关注中新经纬微信公众号(微信搜索"中新经纬"或"jwview")，看更多精彩财经资讯。 首航货机正在装载货物。 张芹 摄 据介绍，该航线的开通为 ...

新浪财经的数据显示，均瑶集团最初持股11.34亿股，占总股本的63.12%。均瑶集团从2018年11月23日起，第一次减持吉祥航空股份，截至2019年9月，累计 减持公司股票1.13亿股，累计套现约15.45亿元。 | 减持期间 | 减持均价（元/股）减持股数（万股）套现金额（万元）减持后 | | | | --- | --- | --- | --- | | 20181123-2019010813.62 | 11342.91 | 154490.46 | 56.81% | | 合计 | 11342.91 | 154490.46 | | 公告显示，2025年11月22日，公司披露了《上海吉祥航空股份有限公司关于控股股东减持股份计划公告》，公司控股股东上海均瑶(集团)有限公司(以下简 称"均瑶集团")拟自2025年12月15日至2026年3月14日通过集中竞价交易及大宗交易方式减持公司股份数量合计不超过65,520,157股，合计减持不超过公司总 股本的3%。 截至公告披露前一日，均瑶集团已通过大宗交易方式减持公司无限售条件流通股43,680,105股，约占公司总股本的2%(四舍五入所得)；已通过集中竞价交易 方式合 ...

Core Viewpoint - The article emphasizes the importance of ground service management in the aviation industry during the winter season, highlighting the proactive measures taken by Tianjin Airlines to ensure safety and efficiency during the peak travel period of Spring Festival [1]. Group 1: Vehicle Maintenance and Safety - Tianjin Airlines initiated a winter maintenance action for 84 key ground support vehicles, focusing on critical systems such as brakes, steering, and tire pressure to ensure optimal operational conditions [2]. - A dynamic monitoring system was established to track vehicle performance in real-time, allowing for immediate rectification of identified issues [2]. - An emergency repair team was formed to ensure rapid response to vehicle failures, minimizing downtime and maintaining seamless ground operations [2]. Group 2: Passenger Experience and Service Optimization - The ground service department organized thorough cleaning of vehicles to provide a comfortable and hygienic travel environment for passengers [3]. - During the Spring Festival, the department planned to enhance customer service by increasing service windows and optimizing processes to ensure a warm and efficient travel experience [4]. - Specific measures included the establishment of green channels for special passengers and dedicated services for unaccompanied minors, ensuring diverse passenger needs are met [6]. Group 3: Boarding and Emergency Response - The boarding process was refined to ensure safety and efficiency, with staff trained to manage large passenger volumes and assist special needs travelers [7]. - A rapid response mechanism was developed for unexpected situations such as late arrivals or lost boarding passes, ensuring quick resolution to maintain overall boarding efficiency [7]. - Comprehensive training and emergency drills were conducted to enhance staff skills and awareness regarding winter safety protocols and risk management [8]. Group 4: Commitment and Dedication - Ground service personnel at Tianjin Airlines demonstrated commitment by working tirelessly in harsh weather conditions to ensure smooth flight operations during the busy Spring Festival period [9]. - The team’s dedication to safety and service was highlighted as they strived to provide a warm and secure travel experience for passengers returning home [9].

（来源：经济日报） 转自：经济日报 国航、南航、东航1月26日发布公告称，根据外交部发布的出行提醒，为协助受影响旅客更好安排出 行，针对1月26日12时前已购买、旅行日期为3月29日至10月24日的上述航空公司日本航线进出港航班客 票，可办理免费退改手续。 据悉，自去年11月15日以来，中国航司已经取消大量赴日航班，根据航班管家DAST数据，2026年1月 中国大陆赴日本航班取消率达47.2％较2025年12月增长7.8个百分点。截至1月26日，2026年2月已有49条 航线取消全部航班。 1月15日，日本政府统计综合窗口公布2025年12月出入境统计数据。数据显示，2025年12月中国公民 （不含港澳台）赴日34.87万人，较2024年12月同比下降约40％，较2025年11月环比下降约35％。 ...

Group 1: Global Aviation Industry Outlook - The global aviation industry is expected to reach a historic peak in 2025, with passenger throughput at nearly 70 million at Singapore Changi Airport, reflecting the strong recovery in air travel demand [1] - The International Air Transport Association (IATA) reports that global air passenger transport is showing greater stability and resilience, with airlines achieving stable profitability despite challenges such as supply chain bottlenecks and geopolitical conflicts [1] - Global air transport demand is projected to continue growing, with an estimated 4.4% increase in passenger transport volume in 2026, reaching 5.2 billion passengers [2] Group 2: Regional Performance - The Asia-Pacific region is leading the growth in air passenger transport, with a projected net profit of approximately $6.2 billion in 2025, expected to rise to $6.6 billion in 2026 [2] - In December 2025, seven out of the ten busiest global routes are expected to be in Asia, with a forecasted 7.3% growth in passenger demand for the region in 2026, significantly above the global average [2] - Europe is maintaining stable financial performance, supported by low-cost carriers and a robust leisure market, with Budapest's Liszt International Airport achieving a record passenger throughput of 19 million [3] Group 3: Air Cargo Trends - Global air cargo is outpacing overall trade growth, with a 25% year-on-year increase in air trade volume from January to August 2025, and a projected air cargo volume of 7.16 million tons in 2026, up 2.4% [4] - The Asia-Europe and intra-Asia routes are identified as the most active corridors for air cargo growth, with the Asia-Pacific region accounting for approximately 40% of global air cargo volume [4][5] Group 4: Structural Challenges and Sustainability - The global aviation industry faces structural challenges, including the commitment to achieve net-zero carbon emissions by 2050, with sustainable aviation fuel (SAF) consumption expected to remain below 1% by the end of 2026 due to insufficient policy incentives [7] - Chinese companies are contributing to sustainable development, with successful flight tests of aircraft using up to 50% SAF and the establishment of five SAF refineries with a combined annual capacity exceeding 1 million tons [7] - Supply chain bottlenecks are expected to continue limiting the expansion of air transport capacity, with a backlog of over 17,000 aircraft orders, equivalent to about 60% of the current fleet size [8]

行业研究丨行业周报丨运输 [Table_Title] 春运错期航空价增，关注顺丰控股经营拐点 ——交运周专题 2026W4 报告要点 [Table_Summary] 出行链：春运错期影响持续，票价农历同比增长 海运：油运高位回落，集运加速下跌 物流：龙头份额加速集中，顺丰经营持续调优 分析师及联系人 请阅读最后评级说明和重要声明 丨证券研究报告丨 %% %% %% %% research.95579.com [Table_Title 春运错期航空价增，关注顺丰控股经营拐点 2] ——交运周专题 2026W4 [Table_Summary2] 出行链：春运错期影响持续，票价农历同比增长 1 月 23 日，受春运错期影响，国内外客流量同比下滑，国内客运量七日移动平均同比下滑 10%， 国际客运量七日移动平均同比下滑 9%；客座率延续改善趋势，七日移动平均国内客座率同比 增加 0.1pct，国际客座率同比打平；受 2026 年春运较晚影响，本周票价公历同比跌幅放大， 七日移动平均含油价格同比下滑 24.6%，若采用农历同比口径则同比增加 4.4%。展望后市， Q4 开始出行需求逐步爬坡，收益有望边际改善；中长期供给 ...

Group 1 - The core viewpoint of the report indicates that RASK (Revenue per Available Seat Kilometer) for airlines in the Asia-Pacific region is expected to experience a low single-digit year-on-year decline or remain flat in the first half of 2026 [1] - Citigroup downgraded Cathay Pacific's rating from "Neutral" to "Sell" due to a 19% increase in its stock price over the past 12 months, while raising the target price from HKD 10.7 to HKD 11.2 [1] - The bank anticipates an 11% decline in passenger yield for Cathay Pacific in 2026, with its earnings forecast for 2026 being 17% lower than market expectations, attributed to an increase in transfer passenger ratio and uncertainty in outbound tourism from mainland China [1]

Group 1 - The core viewpoint of the article is that Chinese airlines have extended the free cancellation and rescheduling period for flights to Japan until October 24, 2026, due to safety concerns raised by the Chinese Ministry of Foreign Affairs [2][4] - The extension of the free cancellation and rescheduling policy is a response to warnings about the security situation in Japan, including a rise in criminal cases against Chinese citizens and recent earthquakes [4] - As of January 26, 2026, there has been a significant reduction in flights from China to Japan, with 49 flights canceled or reduced in February, marking a 47.2% decrease in January compared to December 2025, an increase of 7.8 percentage points [4] Group 2 - The three major Chinese airlines involved are China Southern Airlines, Air China, and China Eastern Airlines, all of which have announced the extension of the policy [2] - The impact of the extended cancellation policy may affect travel during the upcoming May Day holiday and summer vacation periods [4] - Data from the Japan Department Store Association indicates a 40% year-on-year decrease in both the number of Chinese customers and sales in Japanese department stores as of December 2025 [4]

| 五、宏观信息 | | --- | | 国内AI领域大消息不断！阿里发布千问旗舰推理模型Qwen3-Max-Thinking，创下数项权威评测全球新纪录，性能媲美GPT-5.2、Gemini 3 Pro，成为迄今为止 | | 最接近国际顶尖模型的国内最强AI大模型。与此同时，AI独角兽阶跃星辰完成超50亿元人民币B+轮融资，一举刷新过去12个月中国大模型赛道单笔最高融资纪 | | 录。 | | 外交部提醒中国公民春节期间避免前往日本。提醒指出，近段时间以来，日本针对中国公民违法犯罪案件多发，同时部分地区连续发生地震，中国公民在日本 | | 面临严重安全威胁。航班管家DAST数据显示，2月已有49条赴日航线航班全部取消。国航、东航、南航以及山航、厦航、上航集体公告，涉日航线机票免费退 | | 改签政策延长到10月24日。 | | 加快培育服务消费新增长点相关政策文件近日将推出。商务部相关负责人介绍，将出台扩大入境消费的政策措施；启动建设国家数字贸易示范区；优化实施消 | | 费品以旧换新，促进汽车、家电等大宗耐用商品消费；开展汽车流通消费改革试点；国家层面的海外综合服务大平台近期将上线。 宏观信息 | | 中 ...