Core Viewpoint - Multiple Chinese airlines have extended their free ticket change and refund policy for flights to Japan due to recent geopolitical tensions, allowing passengers to adjust their travel plans without incurring fees [1][6]. Group 1: Policy Adjustments - Airlines including Air China, China Eastern, China Southern, Hainan Airlines, Spring Airlines, Shandong Airlines, Xiamen Airlines, and Shenzhen Airlines have announced changes to their ticket handling policies for flights to Japan [1]. - The new policy allows free changes and refunds for tickets purchased or exchanged before December 5, 2025, for travel dates between November 15, 2025, and March 28, 2026 [1]. - For example, Air China's policy specifies that tickets must be purchased before December 5, 2025, and must involve flights to or from specific Japanese cities [1]. Group 2: Impact on Flight Operations - Following the diplomatic tensions, as of November 27, 2023, Chinese airlines had canceled 904 flights on 72 routes to Japan, representing 16% of the planned 5,548 flights, equating to approximately 156,000 seats [6]. - The reduction in Chinese tourists traveling to Japan is expected to significantly impact Japan's GDP, with estimates suggesting a decrease of 0.36% and an economic loss of about 2.2 trillion yen (approximately 101.16 billion yuan) [8].

此前，日本新任首相高市早苗涉台问题的错误言论在中日两国及国际社会引发广泛关注和强烈批评，多 名日本国会议员要求高市早苗撤回相关言论。11月14日晚，外交部和中国驻日本使领馆郑重提醒中国公 民近期避免前往日本。 多家航司已于11月15日发布日本航线客票处理通知，2025年12月31日前日本进、出港（含经停）的航班 免费退改签。此外，已有多家国内航司取消或计划取消赴日航班。有航司人士此前向智通财经指出，赴 日航线的调整要看市场需求，航司目前仍在跟踪和评估旅客的退改签情况。 12月1日，据央视新闻报道，从网络平台了解到，12月中国境内到日本的计划航班中超40%的航班取 消，取消航班数量超1900个。11月15日后，赴日旅客量大幅下降。以11月25日为例，当天旅客量比11月 15日减少约23%。 智通财经记者 邵冰燕 多家国内航司延长涉及日本航线免费退改签政策。 12月5日，据智通财经不完全梳理，截至当日发稿，包括国航、东航、南航、海南航空、春秋航空、山 东航空、厦门航空等多家航司发布调整涉及日本航线客票特殊处置方案的通知。2026年3月28日（含） 前出行的涉及日本进港、出港或经停航班可免费退改。 ...

Core Viewpoint - Airline stocks experienced a significant decline, particularly after the Chinese Foreign Ministry advised citizens to avoid traveling to Japan, leading to major airlines offering free ticket changes for flights to Japan until December 31 [1] Group 1: Stock Performance - China Eastern Airlines (00670) fell by 4.93%, trading at HKD 4.63 [1] - China Southern Airlines (01055) decreased by 4.38%, trading at HKD 5.24 [1] - Capital Airport (00694) dropped by 2.42%, trading at HKD 2.82 [1] - Air China (00753) declined by 1.82%, trading at HKD 6.47 [1] Group 2: Market Impact - Major airlines announced free ticket changes for flights to Japan due to the advisory, which is expected to impact airlines with significant passenger volumes on Japan routes [1] - Dongxing Securities noted that airlines with a high proportion of international flights to Japan may face considerable pressure [1] - Huatai Securities indicated that while there may be short-term fluctuations in the China-Japan routes, the overall impact is manageable, estimating that as of October 2025, the China-Japan routes accounted for 2.8% of the overall ASK (Available Seat Kilometers) in China [1]

Group 1 - The Ministry of Culture and Tourism of China has issued a warning for Chinese tourists to avoid traveling to Japan, leading to a decline in the Japan travel market [1][4] - Travel agencies report an increase in inquiries about cancellations, with some travelers changing their destinations to safer and more certain locations such as Southeast Asia and the UAE [5][7] - The Japanese stock market reacted negatively, with the Nikkei 225 index dropping over 1% and tourism-related stocks falling by more than 10% [4] Group 2 - Many travelers are shifting their focus to domestic destinations and other international locations like Bali and Vietnam's Phu Quoc Island, as they seek warmer climates and family-friendly options [7][9] - Travel agencies are preparing alternative travel products, particularly for winter and island-themed trips, to cater to the changing preferences of tourists [9][11] - Experts suggest that travelers should be cautious about cancellation policies for flights and hotels, especially during peak travel seasons like New Year and Spring Festival [11]

Group 1 - The Chinese Ministry of Culture and Tourism has issued a warning for tourists to avoid traveling to Japan, leading to a decline in the Japan travel market [2][3][5] - There has been an increase in inquiries about cancellations from tourists who had planned trips to Japan, with some changing their travel destinations [2][5] - Major airlines have announced special handling policies for tickets to Japan, allowing free cancellations for flights before December 31 under certain conditions [5] Group 2 - Tourists are shifting their focus to safer and more certain destinations such as Southeast Asia and the UAE, as well as domestic locations suitable for family travel [6][8] - Travel agencies are preparing alternative travel products to cater to the changing preferences of tourists, especially for the upcoming New Year and Spring Festival [6][8] - The demand for winter island tours and other themed travel products is expected to increase as travel agencies adapt to market changes [8] Group 3 - The Japanese stock market has reacted negatively, with the Nikkei 225 index dropping over 1% on November 17, particularly affecting tourism-related stocks [5] - The travel market is expected to take time to adjust, with potential impacts on the Japan travel market during the peak travel season from New Year to Spring Festival [6][7] - Tourists are advised to pay attention to cancellation policies for flights and hotels, especially during the busy travel periods [9]

Core Viewpoint - Chinese airlines, including China Southern Airlines, Air China, and China Eastern Airlines, have announced special handling procedures for tickets related to flights to Japan due to recent travel advisories from the Ministry of Foreign Affairs [1][22]. Group 1: China Southern Airlines (CSN) - Applicable tickets include those purchased or exchanged before November 15, 2025, for flights to and from Japan between November 15, 2025, and December 31, 2025 [2]. - Ticket change rules allow for the first change to a flight on the same route without a change fee, with fare differences applicable [2]. - Refunds can be requested without a refund fee within the ticket validity period [3]. Group 2: Air China (CA) - Applicable conditions for tickets include those purchased before November 15, 2025, for flights to specific Japanese cities during the same travel window [7]. - Ticket change rules permit the first change without a fee, but fare differences will apply, and subsequent changes must follow ticket conditions [10]. - Refunds can be processed without a fee for unused segments within the ticket validity period [10]. Group 3: China Eastern Airlines (CES) - Applicable tickets include those issued before November 15, 2025, for flights involving Japan during the specified travel dates [13]. - Ticket change policies allow for one free change if made within three days before or after the original flight [17]. - Refunds for unused segments can be processed without a fee, with conditions applying for previously changed tickets [17].

Core Viewpoint - The Chinese Ministry of Foreign Affairs has advised citizens to avoid traveling to Japan, prompting several Chinese airlines to implement special ticket handling policies for flights to Japan until December 31, 2025 [1][2][3]. Group 1: Airline Responses - China Southern Airlines (CZ) has announced that tickets purchased or exchanged before November 15, 2025, for flights to Japan between November 15 and December 31, 2025, can be changed or refunded without fees [4][5][6]. - Hainan Airlines has established similar policies for tickets issued before November 15, 2025, allowing changes and refunds for flights to Japan during the same period [9][10][12]. - Xiamen Airlines has also implemented a no-fee policy for ticket changes and refunds for flights to Japan, applicable to tickets purchased before November 15, 2025 [14][15]. - Shenzhen Airlines has set forth rules allowing for fee-free changes and refunds for tickets purchased before November 15, 2025, for flights to Japan [16][17]. Group 2: Special Ticket Handling Rules - For all airlines, the special handling rules apply to tickets that have not been used and involve travel dates from November 15 to December 31, 2025 [4][9][14]. - Changes to tickets can be made without a fee for the first change, but any subsequent changes will follow the original ticket conditions [5][10][17]. - Refunds can be requested without incurring a fee, provided the ticket is still valid and has not been partially used [6][10][17].

Core Points - Multiple airlines, including Air China and China Southern Airlines, have announced special handling procedures for tickets related to Japan routes, allowing free refunds and changes for tickets meeting specific conditions [1][3][4] Group 1: Air China - Air China has issued a notice regarding special handling for Japan route tickets, applicable to tickets purchased or changed before November 15, 2025, with travel dates between November 15, 2025, and December 31, 2025 [3] - Passengers can cancel their bookings before the flight departure and apply for a refund without incurring cancellation fees, provided they meet the specified conditions [3] - The first change to the same itinerary on Air China's actual operating flights is free of charge, although fare differences may apply [3] Group 2: China Southern Airlines - China Southern Airlines has also released a notice for special handling of Japan route tickets, applicable to tickets purchased or changed before November 15, 2025, with travel dates from November 15, 2025, to December 31, 2025 [1] - Similar to Air China, passengers can cancel their bookings before the flight and request a refund without cancellation fees if they meet the criteria [1] - The first change to the same itinerary on China Southern Airlines' actual operating flights is free of charge, with fare differences applicable [1] Group 3: Sichuan Airlines - Sichuan Airlines has announced a special handling plan for Japan route tickets, applicable to tickets issued or changed before November 15, 2025, with travel dates from November 15, 2025, to December 31, 2025 [4] - Passengers can cancel their bookings before the flight and apply for a refund without incurring cancellation fees, provided they meet the specified conditions [5] - The first change to the same itinerary on Sichuan Airlines' actual operating flights is free of charge, with fare differences applicable [4]

Core Points - Three major Chinese airlines, Air China, China Southern Airlines, and China Eastern Airlines, announced special ticket handling policies for flights to Japan, allowing free changes and refunds for tickets purchased before November 15, 2025 [1][2][3] Group 1: Air China - Air China allows free changes and refunds for tickets purchased before November 15, 2025, for flights to Tokyo, Osaka, Nagoya, Fukuoka, Sendai, Hiroshima, Sapporo, and Okinawa, with travel dates between November 15, 2025, and December 31, 2025 [1] - The first change is free of charge, but fare differences may apply, and subsequent changes will follow the ticket's usage conditions [1] Group 2: China Southern Airlines - China Southern Airlines offers similar policies for tickets purchased before November 15, 2025, for flights to Japan, with travel dates from November 15, 2025, to December 31, 2025 [2] - The first change to the same itinerary is free, but fare differences will be charged, and further changes will adhere to the ticket's usage conditions [2] Group 3: China Eastern Airlines - China Eastern Airlines allows free changes for tickets purchased before November 15, 2025, for flights involving Japan, with travel dates from November 15, 2025, to December 31, 2025 [3][4] - Passengers can change their flights to dates within three days before or after the original flight without a fee, while further changes will follow the ticket's usage conditions [3][4]

Core Points - Three major airlines in China, Air China, China Southern Airlines, and China Eastern Airlines, have announced special handling measures for tickets related to Japan routes, allowing free changes and refunds for eligible tickets purchased before November 15, 2023 [1][5]. Group 1: Air China - Air China allows free changes for tickets purchased before November 15, 2023, for travel dates between November 15, 2025, and December 31, 2025, for flights to and from various Japanese cities [3]. - The first change is free of charge, but fare differences and seasonal price differences will apply; subsequent changes will follow ticket usage conditions [3]. - Refunds for unused segments can be processed without a cancellation fee within the ticket's validity [3]. Group 2: China Southern Airlines - China Southern Airlines offers similar provisions for tickets purchased before November 15, 2023, for travel dates between November 15, 2025, and December 31, 2025, for flights to and from Japan [4]. - Passengers can cancel their seats before the flight without incurring a refund fee, and the first change to the same itinerary is also free, with fare differences applicable [4]. Group 3: China Eastern Airlines - China Eastern Airlines has outlined that tickets purchased before November 15, 2023, for travel dates between November 15, 2025, and December 31, 2025, involving Japan routes are eligible for free changes within three days of the original flight [4]. - Additional changes or changes outside the three-day window will be subject to ticket usage conditions [4]. - Refunds for unused segments can be processed without a cancellation fee within the ticket's validity [4]. Group 4: Safety Advisory - The Chinese Ministry of Foreign Affairs has issued a warning for citizens to avoid traveling to Japan due to rising safety concerns and incidents involving Chinese nationals [5][6]. - Citizens currently in Japan are advised to stay vigilant and contact local authorities or the Chinese consulate in case of emergencies [6].