北京商报讯（记者 关子辰 牛清妍）9月22日，深圳机场发布的消息显示，根据台风"桦加沙"影响评估， 9月23日夜间至24日白天将成为台风对深圳机场运行影响最强的时段。为确保航班运行和旅客出行安 全，深圳机场将于9月23日20时起暂停航班运行，恢复运行时间将根据台风动态和影响情况而定。 深圳机场方面表示，广大旅客需向购票航空公司查询了解具体航班调整情况。深圳机场将在24日台风影 响减弱后，会同空管、航司及时评估适航条件，在确保安全的前提下逐步有序恢复航班运行。 具体恢复时间和机场最新运行动态，深圳机场将通过官方平台及时向公众发布。深圳机场提醒旅客，及 时留意深圳机场、航司最新提示信息，根据台风影响合理安排出行。 ...

Investment Rating - The report maintains a "Positive" investment rating for the transportation industry [13] Core Insights - The transportation industry is expected to see improvements in profitability across various sub-sectors in Q3 2025, driven by domestic demand recovery and resilient international demand [2][6][7][8][9][10][11][12] Summary by Sub-Sector Aviation - The aviation sector is experiencing subdued demand but is benefiting from reduced costs, leading to an overall improvement in profitability for Q3 2025. The international flight recovery remains strong, and oil prices have significantly decreased [6][19][24] Airports - Domestic airport traffic is recovering, with international flights also increasing. Revenue is expected to improve steadily, with key airports benefiting from both domestic and international demand growth [2][6][24][26] Express Delivery - The "anti-involution" policy is driving price increases in the express delivery sector, leading to improved profitability for e-commerce deliveries. However, operational costs are temporarily pressuring profit margins [2][6][28][30] Logistics - The logistics sector is stabilizing, with major players expected to see profit growth due to improved supply chain performance and resilient cross-border logistics profitability [2][6][7][31] Maritime Transport - The maritime sector is witnessing a divergence in profitability among different shipping types. While container shipping faces challenges, oil tanker profits are improving due to favorable market conditions [2][6][8][33][37] Ports - Port operations are expected to see improved profitability in bulk cargo handling, while container throughput remains resilient despite external pressures [2][6][9][39] Highways - Highway traffic is relatively stable, with a slight increase in profitability anticipated for Q3 2025, supported by steady freight and passenger traffic [2][10][41] Railways - Railway passenger and freight volumes are showing mixed trends, with a focus on opportunities arising from high-speed rail transformations. Overall, passenger transport is expected to grow, while freight transport is improving [2][11][43][44]

Group 1 - The company aims to develop a super international hub, with potential primarily in international passenger flow [2] - With the recovery of passenger traffic, the company has introduced a batch of brand direct stores and airport hotels, which will drive future revenue growth [2] - The advertising and duty-free segments have potential for improvement, with recent surveys indicating that advertising has already shown signs of recovery in Q3 [2][3] Group 2 - The duty-free segment is highlighted as a key area, with expectations for increased competition among operators, which could lead to significant changes [2] - The current minimum guarantee does not reflect the commercial value of Pudong, and a more reasonable guarantee could enhance the motivation of duty-free operators [2]

Core Points - A total of 30.1 tons of precious ancient Egyptian artifacts, consisting of 71 packages and 251 items, were successfully transported from Shanghai to Hong Kong via flight CX3255, facilitated by a green channel established by Shanghai Airport in collaboration with customs and airlines [1][6]. Group 1: Transportation and Logistics - The artifacts were part of the "Pyramids at the Peak: Ancient Egyptian Civilization Exhibition" at the Shanghai Museum, which concluded on August 17, with some items returning to Egypt while others were sent to Hong Kong for a local exhibition [6]. - Shanghai Airport implemented a comprehensive logistics plan, forming a special support team to ensure the safe and efficient transport of the artifacts, aiming for "zero errors, zero delays, and zero damage" during the process [6]. - The airport's cargo station completed document pre-review three days in advance, opened a security green channel, and coordinated with customs for efficient clearance, establishing a dedicated operation area for the handling of the artifacts [6].

Core Viewpoint - The expansion of Jinan Airport includes the construction of two overnight accommodation buildings and a business travel service center, reflecting a shift in airport development focus from transportation capacity to enhancing passenger experience [1][7][8]. Group 1: Overnight Accommodation Facilities - The first overnight building will have a total area of approximately 22,000 square meters, providing 270 guest rooms, along with amenities such as a lobby, restaurant, and meeting rooms [1][2]. - The second overnight building is larger, with a total area of about 55,000 square meters, offering 334 guest rooms and additional facilities including various dining options, a banquet hall, and a fitness area [2][3]. - These facilities aim to address the "overnight difficulty" faced by travelers, particularly those on red-eye flights or with long layovers, allowing them to stay comfortably within the airport [3][4]. Group 2: Business Travel Service Center - The business travel service center will cover an area of approximately 22,600 square meters, designed to provide efficient and personalized services for business travelers [5]. - This center is strategically located near the new T2 terminal and the comprehensive transportation center, enhancing accessibility for travelers [5]. Group 3: Overall Airport Expansion - The overall expansion project includes a new work area of about 1 million square meters, which will house various aviation regulatory and service facilities [6]. - The project also includes a fuel supply facility, which will significantly improve the airport's fuel supply capabilities [6]. Group 4: Shift in Airport Development Philosophy - The construction of overnight accommodations and a business travel center signifies a broader trend in airport development, prioritizing passenger satisfaction and service quality over mere transportation metrics [7][8]. - This shift aligns with global trends where advanced airports offer extensive amenities beyond traditional transportation functions, enhancing the overall travel experience [7][8].

Core Insights - The rapid development of the domestic aviation industry has transformed airports into multifunctional "city reception halls," leading to the establishment of hotels at airports as a key initiative to enhance service functions and economic benefits [1][2] - Airport hotels are primarily of two types: those directly connected to the terminal and those located nearby with shuttle services, both contributing to significant occupancy rates [1][2] Group 1: Airport Hotel Types - One type of airport hotel is built within or closely connected to the terminal, such as the MuMianHua Hotel at Beijing Daxing Airport [1] - The other type is located in the surrounding area, like the Hilton Hotel at Shanghai Hongqiao International Airport, which is easily accessible via shuttle [1] Group 2: Operational Performance - Hotels like the Crowne Plaza at Wuhan Tianhe Airport have high occupancy rates due to their strategic locations, providing seamless connections for business and transit travelers [1] - The Pullman Hotel at Nanjing Lukou Airport is also well-positioned, ensuring good occupancy through direct access to transportation hubs [1] Group 3: Economic Benefits - Airport hotels significantly contribute to revenue growth for airports, with hotel operations becoming an important part of diversified income [2] - Additional revenue streams from hotel amenities such as dining, meetings, and fitness facilities enhance overall profitability [2] - The presence of quality airport hotels attracts more travelers, boosting other commercial activities within the airport, such as retail and dining [2] Group 4: Brand Image and Competitiveness - High-quality airport hotels improve the airport's brand image and competitiveness, attracting more airlines and increasing flight frequencies, which in turn enhances passenger flow and economic benefits [2] - The model of airport hotels is maturing and evolving, providing travelers with a more convenient and comfortable experience while driving economic growth in the "aviation+" sector [2]

Core Viewpoint - Shandong Province's Rizhao Airport is enhancing its low-altitude economy through a "three-integration" development model, focusing on hardware strength, service optimization, and advanced business cultivation, leading to a significant increase in general aviation flight volumes and contributing to the growth of the low-altitude economy [1][5]. Infrastructure Development - Rizhao Airport emphasizes the importance of infrastructure in supporting low-altitude economic development by building dedicated facilities such as general aviation aprons, hangars, and maintenance facilities, while also accelerating the construction of remote control towers and low-altitude flight service centers [2]. - The airport has achieved full coverage of ADS-B monitoring signals for low-altitude airspace management and provides efficient infrastructure support for general aviation enterprises through platforms like the Feiyiguan APP [2]. - In 2025, the airport accounted for nearly half of the province's general aviation flight operations, with flight hours reaching approximately 15,000 in the first half of the year, maintaining a steady operational trend [2]. Service Optimization - Rizhao Airport adopts a high-quality development approach, implementing flexible flight schedules and transparent cost structures to enhance operational efficiency and alleviate concerns for aviation enterprises [3]. - The establishment of a General Aviation Committee and a rapid response mechanism for on-site service aims to improve service processes and address operational needs effectively [3]. - The airport collaborates with the Shandong Low Altitude Economy Association to develop supportive policies for the low-altitude economy, enhancing service levels and operational capabilities [3]. Ecosystem Development - The airport is creating a favorable ecosystem for low-altitude economic development by scientifically managing airspace resources and establishing a clear and standardized operating environment for general aviation activities [4]. - The implementation of a "five unification" operational management system and close cooperation with aviation enterprises contribute to a stable and efficient operational environment [4]. - Rizhao Airport is exploring new applications in low-altitude logistics, sightseeing, short-distance transport, and educational aviation, continuously expanding the general aviation industry chain and low-altitude economic activities [4]. Future Outlook - Moving forward, Rizhao Airport aims to leverage strategic opportunities in low-altitude economic development, further solidifying its advantages and promoting the "three-integration" model to contribute to the high-quality development of the national low-altitude economy [5].

Core Insights - Xiamen Gaoqi International Airport has achieved a significant milestone by surpassing 3 million inbound and outbound passengers as of September 19, 2025, which is 32 days earlier than the previous year [1] - The airport has facilitated nearly 19,000 international passenger flights, with both passenger volume and flight frequency increasing by over 12.5% year-on-year, setting new historical records for the same period [1] Passenger and Flight Statistics - The airport currently operates 27 international (regional) passenger routes, connecting to 20 countries (regions) across four continents, with an average of approximately 550 inbound and outbound passenger flights per week [1] - Over 710,000 foreign passengers have traveled through Xiamen Airport in 2025, reflecting a year-on-year growth of over 10% [1] - Among the inbound foreign passengers, 230,000 were visa-free travelers, accounting for 65% of the total foreign passenger volume [1]

Core Viewpoint - The "Pyramid Summit: Ancient Egyptian Civilization Exhibition" concluded after 13 months at the Shanghai Museum, with some exhibits returning to Egypt and others heading to Hong Kong for further display [2] Group 1 - The exhibition was efficiently managed with the airport cargo station completing document pre-review three days in advance [2] - A green channel for security checks was established to facilitate the smooth release of items by customs [2] - Ground services at the airport adhered to a "light, slow, steady" operational standard to ensure comprehensive monitoring from transportation to loading [2]

Core Insights - The Ministry of Transport of China has published a collection of 44 typical experiences and innovative achievements in the transportation sector, aimed at promoting replicable and scalable practices across various fields such as infrastructure construction, transportation services, technological innovation, and green low-carbon development [1] Group 1: Infrastructure and Maintenance Innovations - Jiangsu Province has introduced a centralized maintenance model for high-traffic highways, optimizing maintenance efficiency and overall network performance, addressing issues related to traditional maintenance methods [1] - From 2019 to 2024, Jiangsu completed approximately 1215 half-width kilometers of construction, reducing project timelines by about 2700 days and saving over 4 billion yuan in costs [2] Group 2: Port and Terminal Innovations - The Guangzhou Nansha Phase IV fully automated terminal has developed a new technical system that enhances space utilization and efficiency in intermodal transport, achieving a 30% increase in land utilization and a 28% improvement in loading efficiency [2] - The terminal's annual container throughput capacity has reached 24 million TEUs, positioning it among the top global single terminals [2] Group 3: Airport Operations Enhancements - Guangzhou Baiyun International Airport has implemented advanced technologies to improve operational efficiency, achieving the highest passenger throughput in the country for four consecutive years [3] - The airport's new systems have reduced average bridge docking time from 120 seconds to 85 seconds and improved boarding efficiency by 40% [3] Group 4: Coal Transportation and Energy Supply - Huanghua Port has achieved full-process automation in coal handling, utilizing 5G technology and high-precision positioning systems to enhance operational efficiency, reducing loading times by 25% and increasing ship loading rates by 10% [4] - The port's innovations have also led to a 32% reduction in average port stay time and a 16% decrease in train unloading times [4] Group 5: Carbon Emission Management - Zhejiang Province has developed a comprehensive carbon emission accounting system and a digital application platform, achieving significant reductions in carbon emissions and engaging over 1.53 million users in low-carbon activities [5] - Guangdong Province has established extensive shore power facilities at ports, achieving a 90.94% coverage rate and saving approximately 1.7 billion yuan in fuel costs while reducing carbon emissions by 10.6 million tons [5] Group 6: Cross-Border E-commerce Innovations - Guangdong Province has introduced an embedded regulatory model for cross-border e-commerce, significantly improving customs clearance efficiency and reducing processing times [6] - In 2024, the value of exports through this new model reached 11.32 million yuan, with 8.42 million yuan reported in the first five months of 2025 [6]