中国国航（601111）(00753)发布公告，2025年7月，中国国际航空股份有限公司(以下简称"本公司")及 所属子公司(以下简称"本集团")合并旅客周转量(按收入客公里计)同比上升。客运运力投入(按可用座位 公里计)同比上升2.3%，旅客周转量同比上升2.2%。其中，国内客运运力投入同比下降0.4%，旅客周转 量同比下降0.2%;国际客运运力投入同比上升10.3%，旅客周转量同比上升9.7%;地区客运运力投入同比 下降3.9%，旅客周转量同比下降3.4%。平均客座率80.1%，同比下降0.1个百分点。其中，国内航线同比 上升0.1个百分点，国际航线同比下降0.4个百分点，地区航线同比上升0.3个百分点。 2025年7月，本集团共引进1架C919飞机、1架A320系列飞机和1架B737系列飞机，退出2架A330系列飞 机。截至2025年7月底，本集团合计运营935架飞机，其中自有飞机417架，融资租赁224架，经营租赁 294架。 货运方面，货运运力投入(按可用货运吨公里计)同比上升3.3%，货邮周转量(按收入货运吨公里计)同比 上升7.9%。货运载运率为42.9%，同比上升1.8个百分点。 ...

货运方面，货运运力投入(按可用货运吨公里计)同比上升3.3%，货邮周转量(按收入货运吨公里计)同比 上升7.9%。货运载运率为42.9%，同比上升1.8个百分点。 2025年7月，本集团共引进1架C919飞机、1架A320系列飞机和1架B737系列飞机，退出2架A330系列飞 机。截至2025年7月底，本集团合计运营935架飞机，其中自有飞机417架，融资租赁224架，经营租赁 294架。 智通财经APP讯，中国国航(00753)发布公告，2025年7月，中国国际航空股份有限公司(以下简称"本公 司")及所属子公司(以下简称"本集团")合并旅客周转量(按收入客公里计)同比上升。客运运力投入(按可 用座位公里计)同比上升2.3%，旅客周转量同比上升2.2%。其中，国内客运运力投入同比下降0.4%，旅 客周转量同比下降0.2%;国际客运运力投入同比上升10.3%，旅客周转量同比上升9.7%;地区客运运力投 入同比下降3.9%，旅客周转量同比下降3.4%。平均客座率80.1%，同比下降0.1个百分点。其中，国内航 线同比上升0.1个百分点，国际航线同比下降0.4个百分点，地区航线同比上升0.3个百分点。 ...

证券代码：601111 股票简称：中国国航 公告编号：2025-034 中国国际航空股份有限公司 2025年7月主要运营数据公告 1 2025 年 7 月主要运营数据如下表： | | | | | | | 比上年 | | --- | --- | --- | --- | --- | --- | --- | | | | 本月实际 | 比上年同期 | 环比增长 | 当年累计 | 同期累 | | | | 完成数 | 1 增长(%) | 1 (%) | 完成数 | 计增长 | | | | | | | | 1 (%) | | 一、运输能力 | | | | | | | | 2 1、可用吨公里(百万) | | 4,091.4 | 2.5 | 13.2 | 26,519.7 | 3.6 | | 其中: | 国内航线 | 2,609.9 | -0.8 | 17.0 | 16,752.9 | -1.9 | | 国际航线 | | 1,377.8 | 10.1 | 7.1 | 9,069.0 | 16.3 | | 地区航线 | | 103.7 | -5.3 | 6.8 | 697.8 | -2.9 | | 3 2、可用座位公里(百万) ...

Core Viewpoint - Both Boeing and Airbus, the world's largest commercial aircraft manufacturers, are improving their production rates and financial conditions but still face significant challenges before fully recovering to a stable state [1] Financial Performance - Airbus reported a revenue of €29.6 billion for the first half of 2025, a 3% increase from €28.8 billion in the same period last year [2] - The EBIT (Earnings Before Interest and Taxes) for Airbus was €1.617 billion, up from €1.456 billion year-on-year [2] - Airbus's commercial aircraft segment generated €20.8 billion in revenue, a 2% decline compared to the previous year [2] - Boeing's Q2 revenue reached $22.75 billion, with a total revenue of $42.2 billion for the first half of the year, marking a 35% and 26% increase respectively [3] - Boeing's net loss for Q2 was $612 million, significantly reduced from $1.44 billion in the same quarter last year [3] Delivery and Orders - Airbus delivered 306 commercial aircraft in the first half of 2025, down from 323 in the same period last year [2] - Boeing's delivery of new aircraft reached 150 in Q2, totaling 280 for the first half, a substantial increase from 175 year-on-year [3] - Boeing's net order volume in Q2 was 455 aircraft, including high-value models like the 777X and 787 series [4] Production Capacity and Challenges - Boeing's current backlog includes nearly 6,000 aircraft valued at over $600 billion [6] - Boeing's 737 series production rate has reached 38 aircraft per month, with plans to increase to 42 pending regulatory approval [6] - Airbus aims to achieve a monthly production rate of 75 A320 aircraft by 2027, with ongoing production challenges affecting A350 and A220 projects [7] Market Environment - Recent agreements between the US and major economies, including the EU and China, have restored low or zero tariffs on aircraft manufacturing and parts, alleviating potential cost increases for airlines [8] - The aviation industry continues to face a complex operational environment, but recent tariff agreements are seen as a positive development for manufacturers [8]

Core Viewpoint - Airbus CEO has requested engine manufacturers to ensure that the number of A320 series aircraft waiting for engines is reduced to zero by the end of the year [1] Group 1 - The company is actively addressing supply chain issues related to engine availability for the A320 series [1] - The request to engine manufacturers indicates a strong commitment to improving production timelines and operational efficiency [1]

Core Points - Airbus has officially launched the A321 fuselage system assembly project in collaboration with AVIC Xi'an Aircraft Industry Group's Tianjin facility, marking the first time this model's assembly is conducted in China, indicating a deeper industrial footprint in the country [1][3][4] - The first A321 fuselage components arrived in Tianjin in early July, and the assembly process is expected to be completed within approximately 50 working days, with delivery to the Airbus Tianjin A320 final assembly line anticipated by October [3][4] - The A321 model is becoming a key player in Airbus's single-aisle aircraft lineup, with around 40% of the A320 series aircraft delivered from Tianjin starting in 2024 expected to be A321s [3][4] Industry Insights - The new A321 assembly project expands the collaboration between Airbus and AVIC Xi'an in the single-aisle aircraft manufacturing sector and is a significant step in Airbus's localization strategy, enhancing supply chain efficiency [4][5] - In 2022, China's three major state-owned airlines placed an order for 292 Airbus A320neo aircraft, valued at approximately $37.2 billion, setting a record for the largest single order in Chinese civil aviation history [7] - There are speculations that China may announce a substantial order with Airbus in late July, potentially involving hundreds of aircraft, as the demand for aircraft updates in the rapidly growing Chinese aviation market remains strong [7][9]

Core Insights - The article highlights the revival of the Airbus A310 aircraft, which has been in a dormant state for nearly 20 years, and its transformation into an educational landmark in China, marking a significant milestone in the history of civil aviation in the country [1] Group 1: Airbus's Historical Impact in China - The A310 aircraft, delivered to China in 1985, represents the first wide-body twin-engine aircraft in Chinese civil aviation and the first aircraft delivered by Airbus to a Chinese customer [1] - Over the past 40 years, Airbus has evolved from merely selling aircraft to engaging in comprehensive collaboration with Chinese partners across the entire lifecycle of aircraft, including design, manufacturing, operation support, and recycling [2][3] Group 2: Supply Chain and Manufacturing Collaboration - Airbus has established around 200 suppliers in China, integrating the entire supply chain from raw materials to system assembly, with an annual industrial cooperation value exceeding $1 billion [3] - The Airbus A320 assembly line in Tianjin, operational since 2008, has delivered over 750 A320 series aircraft and has expanded to include wide-body aircraft assembly capabilities [3] Group 3: Future Growth Potential - China is projected to become the largest single-country aviation market globally, with a forecasted demand for 9,570 new aircraft over the next 20 years, accounting for nearly a quarter of global demand [7] - The number of Airbus aircraft in China's civil aviation fleet exceeds 2,200, representing over 50% of the total fleet, highlighting the significant market presence of Airbus [6][8] - The establishment of a second A320 assembly line in Tianjin is underway, expected to double production capacity and cater to both domestic and international airlines [9]

Group 1 - The core viewpoint of the article emphasizes the significant advancements in China's aviation supply chain, which have positively impacted Airbus's operations and competitiveness in the global market [1][2][3] - Airbus has benefited from the resilience, efficiency, cost-effectiveness, and quality improvements in the Chinese aviation supply chain, which has become an integral part of its global production capacity [2][3] - The collaboration between Airbus and Chinese partners has led to a win-win situation, enhancing both Airbus's competitive edge and accelerating the growth of China's aviation industry [2][3] Group 2 - Airbus's Tianjin assembly line has been pivotal in its global delivery capabilities, with nearly 800 aircraft delivered to date, and is expected to double its production capacity with the upcoming second assembly line [3][4] - The future of Sino-European aviation cooperation is expected to focus on innovation and sustainability, with opportunities for collaboration in digital solutions and decarbonization efforts [4][5] - The global aviation market is rebounding significantly post-pandemic, with China's aviation market surpassing pre-2019 levels, indicating strong growth potential [4][5]

Core Viewpoint - Huaxia Airlines (002928) announced changes to its fundraising project, including a reduction in the number of aircraft to be acquired and a shift in the implementation entity for the project [1] Summary by Relevant Sections Fundraising Project Changes - The company will change the plan to "introduce 4 A320 series aircraft" to "introduce 2 A320 series aircraft" [1] - The implementation entity for the fundraising project will be changed from Huaxia Airlines to its wholly-owned subsidiary, Yunfei Aircraft Leasing (Shanghai) Co., Ltd. [1] Financial Adjustments - The originally planned investment of 487 million yuan for "purchasing 14 spare engines" will be adjusted to fund the "introduction of 5 C909 series aircraft" [1] - The total amount for the revised fundraising project is 925 million yuan, which accounts for 38.39% of the net fundraising amount [1] Approval Process - The changes will require approval from the company's shareholders' meeting [1]

Core Viewpoint - The recent performance of Shanghai Airlines shows a mixed trend in operational metrics, with a notable increase in international travel while domestic metrics decline. The company's stock has experienced a slight decrease, and the pledging of shares by the controlling shareholder raises some attention but is deemed manageable. Group 1: Stock Performance - As of June 13, 2025, Shanghai Airlines' stock closed at 13.56 yuan, down 2.02% from the previous week [1] - The stock reached a weekly high of 14.48 yuan on June 10 and a low of 13.4 yuan on June 13 [1] - The current market capitalization is 29.819 billion yuan, ranking 7th in the aviation sector and 490th among A-shares [1] Group 2: Share Pledge Information - The controlling shareholder, Junyao Group, holds 1,020,862,080 shares, representing 46.42% of the total shares, with 81,275,000 shares pledged, accounting for 79.61% of their holdings and 36.96% of total shares [1] - Junyao Group has unpledged and re-pledged 33 million shares, with the pledge set to expire on June 11, 2026, to secure debt obligations [1] - The upcoming six months will see 12,850,000 shares maturing, which is 12.59% of Junyao Group's holdings and 5.84% of the total shares, with a corresponding financing balance of 950 million yuan [1] Group 3: Operational Data - In May 2025, the combined operational data for Shanghai Airlines and its subsidiary, Jiuyuan Airlines, showed a 0.46% year-on-year increase in passenger capacity, with domestic capacity down 11.38% and international capacity up 50.11% [2] - Passenger turnover increased by 4.97% year-on-year, with domestic turnover down 7.61% and international turnover up 66.68% [2] - The passenger load factor was 86.14%, reflecting a 3.70% year-on-year increase [2] - New routes include a round-trip service from Hangzhou to Huizhou to Haikou, operating 7 flights per week [2]