（原标题：刚刚，暴跌！直线跳水！） 【导读】日本股市震荡下挫，韩国股市再创新高 中国基金报记者 李智 2月20日，日韩股市开盘涨跌不一，日本股市震荡下挫，日经225指数跌幅扩大至1.3%，最新报56761.57 点。 2月20日，日本总务省发布的数据显示，日本1月核心CPI同比上升2%，为2024年1月以来最小升幅，预 期升2%，前值升2.4%；整体CPI同比上升1.5%，自2022年3月以来首次降至2%以下，预期升1.6%，前值 升2.1%。 个股方面，日本制药股走低，住友制药直线下挫，一度大跌超10%。 当地时间2月5日，特朗普正式推出了TrumpRx.gov网站，此前16家全球最大制药商已与特朗普达成协 议，为美国人提供"最惠国"价格的药品，以换取美国关税豁免。 此外，野村控股、全日本航空、东京电子、软银集团等跌幅居前。 消息面上，软银旗下SB Energy公司将在俄亥俄州开发一个价值330亿美元的天然气项目，这是日本在承 诺向美国投资5500亿美元框架下的首批投资之一，同时还包括得克萨斯州的一个原油出口码头和佐治亚 州的一个合成金刚石处理工厂。 朋友们好，今天是大年初四，一起来看下日韩市场情况及资讯。 ...

央视网消息：春节假期，绿色出行成为新春新风尚。便捷高效的充电保障让新能源车主出行更安心，也带动消费升温、激活城乡活 力，展现出节日里的新气象。 充电保障提质扩容 新能源出行更便捷 记者从交通运输部获悉，2月19日全社会跨区域人员流动量预计超3.39亿人次，同比增长11.5%，创今年春运以来单日新高。 "三六九、往外走"。2月19日是农历正月初三，江西吉安开行节后首趟"定制高铁"，415名技术工人乘高铁前往苏州。成都、阜阳等地 务工客流提前启动，车站陆续加开北京、上海、深圳等方向临客列车。2月19日全国铁路预计发送旅客1340万人次，计划加开旅客列 车747列。 假期里，位于沪蓉高速的苏州阳澄湖服务区，日均车流量超过十万辆次。充电站不再只是"经停站"，而是被打造成可游、可赏的消 费新场景，目前，服务区已汇聚超过50家品牌，餐饮、零售、文化体验一应俱全，旅客在这里的平均停留时间已从15分钟延长至45 分钟。 国家能源局数据显示，今年春节假期前三天，高速公路新能源汽车充电次数共计140.99万次，日均充电量达到1180.08万千瓦时，较 去年春节同期增长63.05%。 这个春节假期，多地实现超充桩全覆盖或规模化投用 ...

Core Viewpoint - The article highlights a significant increase in air travel during the Spring Festival, with ticket prices dropping dramatically compared to pre-holiday peaks, making air travel more affordable than train travel for some routes [4][10][12]. Group 1: Air Travel Trends - Data from various platforms indicates a noticeable rise in air travel from the first to the third day of the Lunar New Year, with ticket bookings on the Qunar platform exceeding pre-holiday peaks [4]. - Popular flight routes have seen prices slashed, with some tickets being cheaper than train fares, leading to public surprise at the affordability of flights this year [4][10]. - For instance, the price of a flight from Beijing to Haikou dropped from 1999 yuan before the holiday to 792 yuan on the first day of the Lunar New Year [4]. Group 2: Pricing Insights - The average ticket price for the first 14 days of the Spring Festival was reported at 952.5 yuan, which is a 1.6% increase compared to the previous year [12]. - Specific routes, such as Shenzhen to Shanghai, have seen ticket prices as low as 621 yuan, while train tickets for the same route range from 638 to 705 yuan [12][10]. - The article mentions that some travelers experienced regret after purchasing tickets at higher prices shortly before discovering lower fares [14][15]. Group 3: Travel Behavior Changes - The article notes a shift in travel behavior, with the peak travel day moving from the second day of the Lunar New Year to the first day, indicating a trend towards earlier travel [19]. - The concept of "nested tickets," where travelers utilize layovers to visit additional cities, has gained popularity, with a reported 30% increase in bookings for flights with extended layovers compared to last year [17].

Core Viewpoint - Hainan Airlines has officially launched the Beijing-Brussels route with a seamless "one-ticket" and "baggage direct transfer" service, enhancing cross-border travel convenience and contributing to the 2026 civil aviation Spring Festival [1][5]. Group 1: Operational Efficiency - The Beijing base of Hainan Airlines has collaborated with internal and external units to ensure the safe and efficient operation of the new route, conducting scientific assessments and risk evaluations prior to launch [1]. - The ground support team has actively communicated with customs to optimize baggage inspection processes, alleviating pressure from the new business and ensuring safe baggage transfer throughout the journey [3]. - The project team has effectively coordinated with airport authorities to streamline the transit process, significantly reducing the baggage transfer time for international to domestic flights while maintaining safety standards [3]. Group 2: Strategic Importance - The successful launch of the Beijing-Brussels route is a significant step for Hainan Airlines in responding to the "Belt and Road" initiative and supporting high-level foreign openness [5]. - Hainan Airlines, as the only SKYTRAX five-star airline in mainland China, emphasizes safety and quality service, aiming to provide a secure, convenient, and comfortable travel experience for passengers [7].

Core Viewpoint - Spring Airlines, despite being perceived as "stingy," has achieved significant profitability through extreme cost control and a focus on providing the best value for money in the airline industry [7][13]. Group 1: Profitability and Performance - In 2024, among seven listed airlines in A-shares, only Spring Airlines, along with Huaxia Airlines and Juneyao Airlines, reported profits, with Spring Airlines leading at a net profit of 2.273 billion yuan [8]. - For the first quarter of 2025, Spring Airlines maintained its position as the most profitable airline with a net profit of 677 million yuan [9]. - Spring Airlines achieved an average passenger load factor of 91.5% in 2024, surpassing the industry average of 83.5% by 8 percentage points [35]. Group 2: Cost Control Strategies - The core strategy of Spring Airlines revolves around extreme cost control, encapsulated in the "two singles, two highs, two lows" model [19]. - The "two singles" refer to a single aircraft type (Airbus A320) and a single cabin class (economy), which reduces procurement and training costs significantly [20][21]. - The "two lows" indicate low sales and management expenses, with 98.4% of tickets sold through its own platforms, saving over 200 million yuan annually in commissions [24][25]. Group 3: Operational Efficiency - Spring Airlines maximizes aircraft utilization, achieving 6-8 flights per day compared to the industry standard of 4-5 [33]. - The airline's operational efficiency is further enhanced by a low staff-to-aircraft ratio of 80.8:1, the lowest in the domestic market [26]. Group 4: Revenue Generation Model - Spring Airlines employs an innovative revenue model that separates the base fare from ancillary services, allowing customers to choose additional paid services [38]. - In 2024, ancillary revenue reached 1.03 billion yuan, a 14% increase year-on-year, accounting for 5.15% of total revenue [41]. - This model caters to both budget-conscious travelers and those willing to pay for enhanced services, creating a win-win situation [44]. Group 5: Future of Low-Cost Airlines - The article suggests that the future of China's civil aviation may lean towards low-cost models, as the current market share of low-cost airlines is only 12.7%, compared to over 30% globally [53]. - The industry is expected to see a bifurcation, with low-cost airlines like Spring Airlines targeting mass market needs while traditional carriers focus on premium services [58].

Core Viewpoint - The Tokyo stock market continued its upward trend on February 19, with the Nikkei 225 index rising by 0.57% and the Tokyo Stock Exchange Price Index increasing by 1.18% due to positive influences from the U.S. stock market and domestic political stability [1] Market Performance - The Nikkei index closed up by 323.99 points at 57,467.83 points, while the Tokyo Stock Exchange index rose by 44.84 points to 3,852.09 points [1] - The market opened higher, influenced by a comprehensive rise in the three major U.S. stock indices the previous night [1] Currency Impact - The Japanese yen fell to 155.31 yen per U.S. dollar, which positively impacted export-oriented companies like Toyota [1] Political Influence - The completion of the new cabinet formation by Prime Minister Sanae Takaichi clarified the domestic political situation, boosting investor confidence and further elevating the market [1] Sector Performance - Most of the 33 industry sectors on the Tokyo Stock Exchange saw gains, with notable increases in sectors such as non-ferrous metals, mining, and rubber products [1] - Conversely, sectors like air transportation, fiber products, and pulp and paper experienced declines [1]

Core Viewpoint - Air China is enhancing the travel experience during the 2026 Spring Festival by organizing a variety of themed flights and activities in its self-operated lounges, creating a festive atmosphere for passengers. Themed Flights - The CA717 flight from Hangzhou to Phuket features a "Galloping into the New Year" theme with traditional cultural activities, including a quiz and a lucky draw [1] - The CA403 flight from Chengdu Tianfu to Singapore transforms into a "New Year Mobile Living Room," decorated with lanterns and traditional motifs for a festive reunion night [3] - The CA969 flight from Beijing to Singapore offers a specially decorated cabin and traditional Spring Festival cuisine for a rich cultural experience at high altitude [5] - The CA933 flight from Beijing to Paris provides a festive atmosphere with dumplings and traditional Chinese pastries, allowing passengers to enjoy the essence of the Chinese New Year [7] - The CA825 flight from Shanghai Pudong to Singapore enhances the festive spirit with decorations and interactive activities, such as a fan printing event [8] - The CA449 flight from Chongqing to Singapore distributes New Year greeting cards and conducts fun quiz activities during the flight to spread warmth [8] Themed Lounge Activities - The self-operated lounge at Beijing Capital Airport features a "Phoenix Dance in the Land of China" theme, integrating intangible cultural heritage with airline services for an immersive waiting experience [10] - The lounge at Shanghai Pudong Airport T2 is decorated with Spring Festival themes, showcasing traditional foods and interactive activities for passengers [12] - The Hangzhou International Zicheng VIP Lounge hosts a "One Pot One Tea" theme, allowing travelers to experience traditional festival vibes [14] - The Chengdu Tianfu International Airport lounge offers a "Smartly Designed Lounge for the New Year" activity, inviting high-end travelers to engage in DIY projects and enjoy traditional New Year meals [14] - Additional lounges in Hohhot, Tianjin, Wuhan, Urumqi, Wenzhou, and Lhasa also host festive activities to enhance the travel experience for passengers [16]

Core Insights - The overall inter-regional personnel flow reached 32,298.8 million trips on February 18, 2026, marking a month-on-month increase of 44.1% and a year-on-year increase of 9.7% compared to the same day in 2025 [1] Transportation Sector Summary - Railway passenger volume was 10.8 million trips, with a month-on-month increase of 78.5% and a year-on-year increase of 11.6% compared to 2025 [1] - Road transportation accounted for 30,815 million trips, showing a month-on-month increase of 43.4% and a year-on-year increase of 9.6% compared to 2025. Within this, the commercial road passenger volume was 2.098 million trips, with a month-on-month increase of 62.8% and a year-on-year increase of 8.9% [1] - Non-commercial road passenger volume reached 28,717 million trips, with a month-on-month increase of 42.2% and a year-on-year increase of 9.7% compared to 2025 [1] - Waterway passenger volume was 156.5 million trips, reflecting a month-on-month increase of 48.3% and a year-on-year increase of 18.9% compared to 2025 [1] - Civil aviation passenger volume was 2.473 million trips, with a month-on-month increase of 9.6% and a year-on-year increase of 9.2% compared to 2025 [2]

不过，达美航空随后对CNN称，该乘客"接近了机组人员和乘客，但并未接触或试图进入驾驶舱。""客 户和机组人员的安全至关重要，达美航空对任何不文明行为零容忍。"该航空公司在一份声明中称，"我 们对乘客此次经历和行程延误表示歉意。" 美国联邦航空管理局正在对此事展开调查。 来源：@环球网 报道援引达美航空方面消息称，事发航班为2557航班，机上共有85名乘客和5名机组人员。根据一段公 开的空管无线电录音，飞行员称，"有一名乘客起身试图进入驾驶舱。你们能协调一下，让安保人员待 命吗？" 飞行员还在通话中提到，"（该乘客）已被铐在飞机后部，但他确实袭击了另一名乘客，因此我们希望 那名乘客接受检查。" 据美国有线电视新闻网（CNN）报道，达美航空一架从休斯敦飞往亚特兰大的航班当地时间18日凌晨 紧急降落。飞行员在与空中交通管制员通话时称，有一名乘客试图进入驾驶舱。 ...

Core Insights - The article highlights a significant increase in air travel during the Chinese New Year, with ticket prices dropping dramatically compared to pre-holiday peaks, making air travel more affordable than train travel in some cases [5][18][29] Group 1: Air Travel Trends - There has been a noticeable rise in flight bookings from the first to the third day of the Lunar New Year, with ticket reservations on platforms like Qunar exceeding pre-holiday levels [5] - Popular flight routes have seen prices slashed, with some tickets being cheaper than train fares, indicating a competitive pricing strategy among airlines [6][18] - For example, the price for flights from Beijing to Haikou dropped from ¥1999 before the holiday to ¥792 on the first day of the New Year, representing a significant price reduction [18] Group 2: Consumer Behavior - Many consumers expressed regret over purchasing tickets early, as prices fell sharply closer to the holiday, leading to financial losses due to cancellation fees [11][12][16] - The trend of "hidden" travel options, such as long layovers that allow travelers to visit additional cities, has gained popularity, with a 30% increase in bookings for such flights compared to last year [27] - The extended holiday period this year has encouraged earlier travel, with the peak travel day shifting to the first day of the New Year, promoting a blend of family visits and tourism [29]