Core Viewpoint - Hainan Airlines has officially launched the Beijing-Brussels route with a seamless "one-ticket" and "baggage direct transfer" service, enhancing cross-border travel convenience and contributing to the 2026 civil aviation Spring Festival [1][5]. Group 1: Operational Efficiency - The Beijing base of Hainan Airlines has collaborated with internal and external units to ensure the safe and efficient operation of the new route, conducting scientific assessments and risk evaluations prior to launch [1]. - The ground support team has actively communicated with customs to optimize baggage inspection processes, alleviating pressure from the new business and ensuring safe baggage transfer throughout the journey [3]. - The project team has effectively coordinated with airport authorities to streamline the transit process, significantly reducing the baggage transfer time for international to domestic flights while maintaining safety standards [3]. Group 2: Strategic Importance - The successful launch of the Beijing-Brussels route is a significant step for Hainan Airlines in responding to the "Belt and Road" initiative and supporting high-level foreign openness [5]. - Hainan Airlines, as the only SKYTRAX five-star airline in mainland China, emphasizes safety and quality service, aiming to provide a secure, convenient, and comfortable travel experience for passengers [7].

2026年1月，海航控股及所属子公司合计运营360架飞机，当月引进3架飞机，退出2架飞机。国内航线收 入客公里同比下降6.25%，国际和地区航线同比分别增长3.38%和33.54%。客座率方面，国内航线为 86.40%，整体客座率为83.27%，同比提升1.84个百分点。货邮载运率合计为54.50%，同比上升6.33个百 分点。地区及国际航线客运和货运多项指标实现同比增长。上述数据未经审计，可能存在调整。 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 截至2026年2月13日收盘，海航控股（600221）报收于1.67元，较上周的1.72元下跌2.91%。本周，海航 控股2月9日盘中最高价报1.75元。2月13日盘中最低价报1.66元。海航控股当前最新总市值721.7亿元， 在航空机场板块市值排名5/12，在两市A股市值排名275/5189。 本周关注点 公司公告汇总 海航控股：2026年1月主要运营数据公告 公司公告汇总：海航控股1月国际航线收入客公里同比增长3.38% 公司公告汇总：海航控股1月整体客座率同比提升1.84个百分 ...

Investment Rating - The report maintains a "Recommend" rating for the aviation sector, expecting the industry index to outperform the benchmark index by over 5% in the next 3-6 months [56]. Core Insights - The report highlights a strong demand for air travel during the Spring Festival, with a projected growth in passenger numbers of around 5% due to the recovery of international routes and increased domestic travel demand driven by service consumption [8]. - The report notes that the supply of aircraft is expected to grow at a compound rate of approximately 3% over the next three years, indicating a "hardcore" constraint on supply [8]. - High load factors are anticipated to lead to significant price elasticity, particularly for major airlines such as China National Aviation, Southern Airlines, and Eastern Airlines, which are expected to see a release of elasticity [8]. Monthly Data Analysis Overall Performance - In January, the overall ASK (Available Seat Kilometers) growth rates varied among airlines, with Spring Airlines leading at 4.5% growth, while Hainan Airlines saw a decline of 6.6% [1]. - RPK (Revenue Passenger Kilometers) growth also showed a similar trend, with Spring Airlines at 6.0% and Hainan Airlines at -4.4% [1]. Domestic Routes - For domestic routes in January, Spring Airlines had the highest ASK growth at 13.3%, while Hainan Airlines had the lowest at -8.5% [2]. - RPK growth for domestic routes was led by Spring Airlines at 14.4%, with Hainan Airlines again at the bottom with -6.3% [2]. International Routes - On international routes, Southern Airlines showed the highest ASK growth at 10.5%, while Spring Airlines experienced a decline of 20.8% [2]. - RPK growth on international routes was also led by Southern Airlines at 8.0%, with Spring Airlines again showing a significant decline of 19.5% [2]. Regional Routes - Spring Airlines led regional routes with an ASK growth of 41.6%, while the lowest was seen in 吉祥 Airlines at -39.4% [2]. - RPK growth for regional routes was similarly led by Spring Airlines at 40.7% [2]. Load Factor - In January, Spring Airlines achieved the highest load factor at 92.0%, with a year-on-year increase of 1.3 percentage points [3]. - The load factors for other airlines were as follows: Eastern Airlines at 85.0%, 吉祥 Airlines at 84.0%, and Southern Airlines at 83.3% [3]. Fleet Size - In January 2026, the six listed airlines collectively saw a net exit of 5 aircraft from their fleets [3].

海南航空以美食传递脉脉温情，匠心定制的小年专属美味，让旅客在万米高空畅享"饺子就酒"的快意与 吉祥，感受"越喝越有"的富足年味。而海南航空新春限定餐饮已在匠心筹备中，招牌醒狮面点、春节特 调饮品、吉祥寓意菜品等，更多惊喜将在除夕、大年初一温情上线。（编辑：陈虹莹 校对：李佳洹 审 核：程凌） 中国民航网 通讯员李怡霖、党向敏报道：近日，在小年佳节，祥云珍馐之小年限定美味在2月10日（北 方小年）北京—海口及2月11日（南方小年）海口—北京部分航班公务舱温情上线，软糯的福袋面点承 续传统年俗，饺子就酒让年味在万米高空飘香，把团圆与顺遂斟满航程。 除了秀色可餐的美食，海南航空更精心策划了"南北小年逢，饺酒聚祯祥"小年主题航班活动，陪伴旅客 开启温暖迎新之旅。客舱内喜庆的节日氛围、扑面而来鲜香的饺子、浓郁的酒香与主题航班的温馨氛围 相融相依。云端之上，满是美好与欢喜，一张张灿烂的笑脸被瞬间定格，这不仅承载着节日的喜悦，更 是海南航空与旅客之间的温暖共鸣。 乘务员进行机上小年特色餐饮服务（海南航空供图） ...

Core Insights - Hainan Airlines Holdings Co., Ltd. reported significant operational data for January 2026, showing a year-on-year increase in international revenue passenger kilometers (RPK) by 3.38% to 2,166.36 million kilometers and a total passenger transport volume of 5,724.71 thousand passengers, with international passenger transport increasing by 2.44% to 344.91 thousand passengers [1] - The company is shifting its operational focus from pure scale growth to a balance of "quality and efficiency," exemplified by its participation in a national flight delay information data sharing project, enhancing operational efficiency and safety [2] - Looking ahead to 2026, the company aims to leverage the benefits of the Hainan Free Trade Port, transforming these advantages into a unique route network, optimized cost competitiveness, and collaborative industry benefits, while contributing to the high-quality development of China's civil aviation [3] Group 1 - The company achieved a total RPK of 11,072.57 million kilometers by the end of January, with a notable increase in regional and international cargo revenue ton-kilometers by 64.06% and cargo and mail volume by 90.51% [1] - The operational capacity measured in available seat kilometers reached 13,297.31 million kilometers, indicating a robust growth in capacity [1] - The company is focusing on high-quality development by enhancing its operational efficiency through data-driven innovations, such as real-time sharing of airport parking information [2] Group 2 - The company is committed to creating long-term value for shareholders and providing a five-star experience for passengers, while also aiming to be a key player in the development of the Hainan Free Trade Port [3] - The strategic initiatives taken by the company are expected to be tested in the market during the peak travel season, potentially leading to impressive operational results [3] - The company is positioning itself as a "super carrier," emphasizing its role in the digital transformation of the industry and improving internal efficiencies [2][3]

Core Viewpoint - In January 2026, Hainan Airlines Holding Co., Ltd. reported significant improvements in operational data, indicating a strong recovery in both regional and international flight operations compared to the previous year [1][2]. Group 1: Operational Data - The group introduced 1 A320NEO, 1 A320, and 1 B737-8 aircraft while retiring 2 B737-800 aircraft, bringing the total fleet to 360 aircraft by the end of January 2026 [2]. - Regional passenger capacity (measured in available seat kilometers) increased by 5.86% year-on-year, with revenue passenger kilometers rising by 33.54% and passenger transport volume increasing by 25.92%. The passenger load factor improved by 16.43 percentage points [2]. - International passenger capacity saw a modest increase of 0.66% year-on-year, with revenue passenger kilometers up by 3.38%, passenger transport volume rising by 2.44%, and a load factor increase of 1.91 percentage points [2]. Group 2: Cargo Operations - Regional cargo and mail revenue ton kilometers surged by 64.06% year-on-year, with cargo and mail transport volume increasing by 90.51% and a cargo load factor improvement of 6.92 percentage points [2]. - International cargo and mail revenue ton kilometers grew by 11.66% year-on-year, with cargo and mail transport volume up by 11.98% and a load factor increase of 3.65 percentage points [2].

智通财经APP讯，海航控股(600221.SH)发布公告，2026年1月载客人数572.47万人，同比下降6.52%。 2026年1月，集团地区及国际航线运营数据同比提升。 ...

Core Viewpoint - HNA Group (600221.SH) announced the introduction of new aircraft and reported significant growth in operational metrics for January 2026, indicating a positive trend in both regional and international operations [1] Group 1: Aircraft Operations - In January 2026, the company introduced 1 A320NEO, 1 A320, and 1 B737-8 aircraft while retiring 2 B737-800 aircraft [1] - By the end of January 2026, the total number of aircraft in operation reached 360 [1] Group 2: Regional Operations - Regional passenger capacity (measured in available seat kilometers) increased by 5.86% year-on-year [1] - Revenue passenger kilometers rose by 33.54% year-on-year [1] - Passenger transport volume grew by 25.92% year-on-year [1] - Load factor improved by 16.43 percentage points year-on-year [1] - Regional cargo and mail revenue ton-kilometers surged by 64.06% year-on-year [1] - Cargo and mail volume increased by 90.51% year-on-year [1] - Cargo and mail load factor rose by 6.92 percentage points year-on-year [1] Group 3: International Operations - International passenger capacity increased by 0.66% year-on-year [1] - Revenue passenger kilometers grew by 3.38% year-on-year [1] - Passenger transport volume saw a rise of 2.44% year-on-year [1] - Load factor increased by 1.91 percentage points year-on-year [1] - International cargo and mail revenue ton-kilometers increased by 11.66% year-on-year [1] - Cargo and mail volume grew by 11.98% year-on-year [1] - Cargo and mail load factor improved by 3.65 percentage points year-on-year [1]

格隆汇2月13日丨海航控股(600221.SH)公布，2026年1月，本集团引进1架A320NEO飞机，1架A320飞 机，1架B737-8飞机，退出2架B737-800飞机。截至2026年1月底，本集团合计运营360架飞机。 2026年1月，本集团地区及国际航线运营数据同比提升，其中地区客运运力投入（按可利用客公里计） 同比增长5.86%，收入客公里同比增长33.54%，旅客运输量同比增长25.92%，客座率同比增长16.43个百 分点；国际客运运力投入同比增长0.66%，收入客公里同比增长3.38%，旅客运输量同比增长2.44%，客 座率同比增长1.91个百分点。地区货邮运收入吨公里同比增长64.06%，货运及邮运量同比增长90.51%， 货邮载运率同比增长6.92个百分点；国际货邮运收入吨公里同比增长11.66%，货运及邮运量同比增长 11.98%，货邮载运率同比增长3.65个百分点。 ...

临时公告 证券代码：600221、900945 证券简称：海航控股、海控 B 股 编号：临 2026-011 海南航空控股股份有限公司 2026 年 1 月主要运营数据公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 2026 年 1 月，海南航空控股股份有限公司及所属子公司（以下简称"本集团"） 合并主要运营数据如下： | 载运量 | 年 2026 1 | 月 | 年累计 2026 | | | --- | --- | --- | --- | --- | | 数值 | | 同比变动（%） | 数值 | 同比变动（%） | | 收入客公里（RPK）（百万） | | | | | | 国内 | 8878.67 | -6.25 | 8878.67 | -6.25 | | 地区 | 27.54 | 33.54 | 27.54 | 33.54 | | 国际 | 2166.36 | 3.38 | 2166.36 | 3.38 | | 合计 | 11072.57 | -4.44 | 11072.57 | -4.44 | | 收入吨公里（R ...