Group 1 - The stock price of China Eastern Airlines on August 22 was 4.08 yuan, down 1.69% from the previous trading day, with a trading volume of 952,201 hands and a transaction amount of 389 million yuan [1] - China Eastern Airlines is one of the three major state-owned backbone airlines in China, headquartered in Shanghai, primarily engaged in domestic and approved international and regional air passenger, cargo, mail, and baggage transportation services [1] - The company announced the resumption of the direct round-trip flight route from Shanghai to Vancouver starting September 25, operating every Monday and Thursday with the A350-900 wide-body aircraft, increasing its direct flight routes to North America to five [1] Group 2 - On August 22, the net outflow of main funds for China Eastern Airlines was 14.21 million yuan, accounting for 0.02% of the circulating market value, with a five-day net outflow of 124.44 million yuan, representing 0.18% of the circulating market value [1] - Additionally, Shanghai Airlines, a subsidiary of China Eastern Airlines, will also launch a new direct flight route from Shanghai to Casablanca on the same day [1]

2025.08.22 目前执飞中加航线的内地航司主要有6家，分别是国航，东航，南航，厦航，川航和海航，疫情前曾飞加拿大的首都航空尚未恢复中加航线，而加拿大方 面只有加拿大航空一家在飞。 本文字数：1701，阅读时长大约3分钟 作者 |第一财经陈姗姗 中国东航（600115）今日宣布，将自9月25日起恢复上海至温哥华直飞往返航线，每周一、四执飞，采用A350-900宽体机型执飞。 上海至温哥华的直飞航线疫情前一直在飞，疫情中停飞后一直未能复航，主要由于中加之间的航权限制。 第一财经记者了解到，疫情后，中加航线的恢复比中美航线还要缓慢，导致票价也是居高不下，不过三大航近期都已获批增班。 中加增班受限 在东航之前，南航和国航也披露了增班加拿大的计划，其中南航自9月16日起新增一周2班广州-加拿大温哥华航班，国航自8月27日起，北京-温哥华从每 周1班增加到2班，北京-多伦多从每周2班增加到3班。 也就是说，国有三大航此次一共获批新增一周6班中加航班，令中国内地航司执飞的中加航班量增加到每周24班。 据记者了解，疫情后的中加航班恢复缓慢，主要是由于加拿大对中方航司的增班数量有限制，中方航司的航班总数要与加方航司对等， ...

Core Viewpoint - The competitive landscape of international routes is undergoing significant changes, particularly in the context of China-Canada flights, which are gradually resuming after the pandemic, albeit at a slower pace compared to China-US routes [1][9]. Group 1: Flight Resumption and Capacity - China Eastern Airlines announced the resumption of its direct flights from Shanghai to Vancouver starting September 25, operating twice a week with an A350-900 aircraft [1]. - The recovery of China-Canada routes has been slower than that of China-US routes, leading to persistently high ticket prices [2]. - The three major Chinese airlines (China Southern, China Eastern, and Air China) have been approved to increase their flights to Canada, collectively adding six weekly flights, bringing the total to 24 weekly flights from mainland Chinese carriers [3][4]. Group 2: Regulatory Constraints - The resumption of flights has been limited by Canadian regulations, which initially restricted the number of flights and prohibited direct flights from Beijing to Canada [3][4]. - The flight capacity remains significantly lower than pre-pandemic levels, with over 70 weekly flights before the pandemic compared to the current 24 [5]. Group 3: Ticket Pricing Trends - Due to high demand and limited supply, ticket prices for the Shanghai-Vancouver route have remained elevated, with economy class tickets previously exceeding 20,000 yuan [7]. - Following a temporary suspension of Air Canada's flights due to a labor strike, there has been a slight decrease in ticket prices, with some economy class tickets now available for under 20,000 yuan [7]. Group 4: Market Dynamics - The overall recovery rate for China-Canada flights is low, with only 26.1% of flights restored compared to 2019 levels [9]. - In contrast, domestic Chinese airlines have shown a recovery rate of 103.7% compared to 2019, while foreign airlines have only achieved a recovery rate of 65.4% [10][11]. - The market share of domestic airlines has increased from 59.1% in 2019 to 69.6%, indicating a shift in competitive dynamics [10].