某旅行社工作人员表示，东北线路销售量同比增80%-100%。 业内人士预估，未来两月机票价格将温和上涨。 2026.01. 09 元旦假期刚过，各大城市间往返机票价格迅速回落。 第一财经记者实地走访深圳多家旅行社发现， 由于需求端本月中下旬节日效应偏弱，叠加航司促销 活动，多条热门航线票价低至0.9至1.2折，广州飞上海只要200多元。 "i茅台"连续4天秒空，批发价却再度跌破1499元，发生了什么？ 微信编辑 | 雨林 第 一 财 经 持 续 追 踪 财 经 热 点 。 若 您 掌 握 公 司 动 态 、 行 业 趋 势 、 金 融 事 件 等 有 价 值 的 线 索 ， 欢 迎 提 供 。 专 用 邮 箱 ： bianjibu@yicai.com （注：我们会对线索进行核实。您的隐私将严格保密。） 推荐阅读 ...

格隆汇1月9日｜据一财，元旦假期刚过，各大城市间往返机票价格迅速回落。通过走访深圳多家旅行社 发现，由于需求端本月中下旬节日效应偏弱，叠加航司促销活动，多条热门航线票价低至0.9至1.2折， 广州飞上海只要200多元。某旅行社工作人员表示，东北线路销售量同比增80%-100%。业内人士预估， 未来两月机票价格将温和上涨。 ...

（文章来源：第一财经） 元旦假期刚过，各大城市间往返机票价格迅速回落。第一财经记者实地走访深圳多家旅行社发现，由于 需求端本月中下旬节日效应偏弱，叠加航司促销活动，多条热门航线票价低至0.9至1.2折，广州飞上海 只要200多元。某旅行社工作人员表示，东北线路销售量同比增80%-100%。业内人士预估，未来两月机 票价格将温和上涨。 ...

假期国际机票预订已经处于尾声，而国内机票的预订还在高峰期。在飞行目的地的选择上，国内市场呈现出南北游客"双向奔赴"的特点。今年元旦假期民航 市场热度较往年明显上升。多家航空公司在热门冰雪游航线上增投了运力，目前机票销售进度已超其他航线。深圳工作的人去北方旅游，东北地区的游客也 流行来深圳旅游。"深圳机场往返东北客流量，最近已同比增长了4.3%。" A股市场已步入到春节前的"春躁行情"，一边是人工智能（AI）、人形机器人、商业航天等主题和概念持续催化，另一边则是年末资金调仓带来的现实压 力。近期"纠结"的盘面，考验着每一位市场参与者的神经。在科技股的中长期投资逻辑方面，私募机构间几乎没有分歧。然而，当视角切换到年末这一特定 时点，机构间的分歧便清晰地显现出来。近期市场已经历了调整，当前正进入"夯实底部、蓄势待发"的阶段。在他们看来，叠加海外流动性预期改善与国内 经济企稳，A股与港股科技板块在"年底至明年初有望迎来估值修复行情"。 2026年金价有望继续受益于美联储降息带来的流动性宽松氛围，全球黄金ETF流入将作为黄金的重要买盘。潜在的地缘政治风险和贸易冲突引发的避险情绪 将继续支撑金价，去美元化、央行购金等长期 ...

记者在一家第三方售票平台查询发现，近期从广州出发去往多个城市的机票价格低至两百多元，例如1月7日，广州到上海的最低票价为210元（不含税）， 相当于打1.1折。 业内人士介绍，随着1月中下旬学生开始陆续放寒假，机票价格将出现波动。 （文章来源：央视新闻） 元旦过后，国内多条航线机票价格"大跳水"，有的机票价格甚至低至1折，部分消费者选择错峰出游。 这几天，广州白云机场有不少错峰出游的旅客。有旅客告诉记者，元旦假期出游，往返交通和住宿费用较高，现在出行更合适。 ...

果然财经|1月5日起！多家航司下调国内机票燃油附加费 过完元旦假期，旅客预订春节假期国内机票最多将少支付20元。这是因为国航、东航、海航等多家航司 纷纷发出通知，以购票时间为准，自1月5日零时起下调中国内地的国内航线燃油附加费。据成都日报， 根据各航司的通知，国内航线燃油附加费调整后，航线里程在800公里及以下的，每名旅客每个航段征 收10元燃油附加费，航线里程在800公里以上的征收20元。与调整前的征收标准相比，分别降低了10 元、20元。 果然财经|1月5日起！多家航司下调国内机票燃油附加费 大众报业·齐鲁壹点15:34 热门评论我要评论 微信扫码 移动端评论 暂无评论 鲁ICP备15022957号-13 鲁公网安备 37010202002220号 鲁新网备案号201000101 电信增值业务许可证： 鲁B2-20120085 齐鲁晚报·齐鲁壹点 版权所有(C) All Rights Reserved 联系电话：0531-82625462邮箱： 1790179766@qq.com 热门评论我要评论 微信扫码 果然财经|1月5日起！多家航司下调国内机票燃油附加费 过完元旦假期，旅客预订春节假期国内机票最多将 ...

Company Developments - Wentech Technology issued an official statement addressing the public letter from Nexperia Netherlands, which contained numerous misleading accusations and false information. Wentech urged Nexperia to stop distorting facts and misleading the public, emphasizing the need for accountability regarding the supply chain issues [5][6] - China FAW Group's acquisition of Leap Motor is nearing completion, with a preliminary stake of approximately 5% expected to be finalized by the end of the year [6] - Anta Sports responded to rumors regarding the acquisition of Puma, stating that it does not comment on market speculation [6] - Meituan reported its Q3 2025 earnings, achieving revenue of 95.5 billion yuan, a 2% year-on-year increase. However, due to intensified industry competition, the core local business experienced a loss of 14.1 billion yuan, with the number of transacting users surpassing 800 million over the past 12 months [6] Industry News - The China Securities Regulatory Commission (CSRC) is soliciting public opinions on the "Implementation Measures for Supervision and Administration of Securities and Futures Markets," which outlines 14 common regulatory measures [4] - The CSRC announced a pilot program for commercial real estate investment trusts (REITs), detailing product definitions, registration requirements, and regulatory frameworks [4] - The Shanghai Stock Exchange has taken self-regulatory measures against 80 instances of abnormal trading behavior, focusing on stocks with significant volatility and delisting risk warnings [4] - The China Securities Association reported that the total market capitalization of listed companies in the domestic market reached 107.32 trillion yuan at the end of October, the highest in nearly four years, with nine new companies listed during the month raising a total of 12.869 billion yuan [4]

Group 1 - The State Council of China announced the holiday schedule for 2026, with the Spring Festival holiday from February 15 to February 23, totaling 9 days, which is expected to boost long-distance travel enthusiasm [1] - Following the announcement, travel data from Qunar shows a significant increase in ticket searches, with train and international flight searches doubling, and a threefold increase in flight searches for the Spring Festival period [3] - Popular domestic destinations for the Spring Festival include Haikou, Sanya, and Hangzhou, with flight bookings for the 2026 Spring Festival expected to increase by 63% compared to 2025 [3] Group 2 - The travel popularity of Harbin and Sanya as winter destinations is extending into the Spring Festival holiday, indicating a trend towards staggered travel and increased comfort for travelers [5] - The overall travel volume during the Spring Festival is anticipated to reach new highs, with a more balanced daily passenger flow expected [5]

Core Viewpoint - The domestic airline ticket prices in September showed a year-on-year increase driven by improved supply and demand dynamics, with expectations for a turning point in Q4 2025 as the supply-demand gap narrows [1] Industry Dynamics - In September, the demand for air travel benefited from increased passenger flow and longer flight distances, resulting in a higher growth rate than supply. The passenger load factor for both domestic and international routes reached record highs [1] - The six listed airlines in A-shares reported a combined ASK/RPK growth of +4.0%/+7.1% year-on-year in September, with domestic passenger load factors reaching 87.3%, an increase of 2.1 percentage points year-on-year, marking the highest level for September in history [1] - For international routes, the supply growth rate slowed, leading to a widening gap with demand growth. The ASK/RPK for international routes increased by +8.7%/+13.6% year-on-year, with a passenger load factor increase of 3.5 percentage points [1] Aircraft Utilization and Pricing - The aircraft utilization rate in September remained high at 7.8 hours, with narrow-body aircraft showing a slight increase of +0.4% year-on-year [2] - The domestic passenger load factor for the six airlines reached 87.3%, up 2.1 percentage points year-on-year, and 3.9 percentage points compared to 2019, achieving a historical high [2] - Domestic economy class ticket prices increased by +0.6% year-on-year, while international ticket prices decreased by -15.2% [2] Fleet Expansion - The fleet of the six listed airlines grew by 0.3% month-on-month, with a total of 3,340 aircraft managed as of September 2025, reflecting a net increase of 11 aircraft [3] - The main aircraft types introduced were narrow-body models, including 19 new narrow-body aircraft in September [3] Investment Targets - Key companies to watch include China Eastern Airlines (600115.SH), Huaxia Airlines (002928.SZ), Air China (601111.SH), China Southern Airlines (600029.SH), Juneyao Airlines (603885.SH), and Spring Airlines (601021.SH) [4]

Investment Rating - The report maintains a "Buy" rating for the airline sector, highlighting the potential for price recovery driven by improved supply-demand dynamics [6][10]. Core Insights - In September 2025, the airline industry experienced a significant increase in passenger load factors, with domestic and international routes reaching record highs. The combined ASK/RPK for six listed airlines grew by 4.0% and 7.1% year-on-year, respectively [3][12]. - The report emphasizes the tight supply-demand relationship, with a notable recovery in business travel demand contributing to price increases. The domestic passenger load factor reached 87.3%, up 2.1 percentage points year-on-year, marking the highest level for September in history [4][13]. - The report suggests that the industry is entering a critical phase where supply constraints may lead to sustained price improvements, particularly in the fourth quarter of 2025 [5][24]. Summary by Sections Passenger Load Factors and Pricing - The report indicates that high passenger load factors in September have led to price increases, with domestic economy class ticket prices rising by 2.4% year-on-year. International ticket prices, however, saw a decline of 15.2% [4][13]. - The domestic load factor for the six airlines reached 87.3%, which is 3.9 percentage points higher than the same period in 2019, reflecting strong demand recovery [4][12]. Fleet Expansion - The total fleet of the six listed airlines increased by 0.3% in September 2025, with a net addition of 11 aircraft. The primary models introduced were the A320 and B737 series [5][24]. - China National Airlines led the fleet expansion with a net increase of 5 aircraft, while Eastern Airlines added 2 aircraft during the same period [26][28]. Investment Recommendations - The report advises investors to focus on the sustainability of price improvements in the fourth quarter, particularly for business routes. The recovery in business travel is expected to enhance investor sentiment in the sector [5][24]. - Key airlines to watch include China Eastern Airlines, China Southern Airlines, and Spring Airlines, among others [5][6].