Group 1 - The aviation and airport sector experienced a significant increase of 5.9% on February 4, with Huaxia Airlines leading the gains [1] - The Shanghai Composite Index closed at 4102.2, up 0.85%, while the Shenzhen Component Index closed at 14156.27, up 0.21% [1] - Key stocks in the aviation sector showed notable price increases, with Huaxia Airlines rising by 10.02% to a closing price of 11.53, and China Eastern Airlines increasing by 9.98% to 6.28 [1] Group 2 - The net inflow of main funds in the aviation and airport sector was 796 million yuan, while retail funds saw a net outflow of 396 million yuan [1] - Major stocks like Hainan Airlines and China Eastern Airlines had varying levels of net fund inflow and outflow, with Hainan Airlines seeing a net inflow of 336 million yuan from main funds [2] - Retail investors showed a negative trend, with significant outflows from stocks such as China Eastern Airlines and China Southern Airlines, indicating a cautious sentiment among smaller investors [2]

Group 1 - The core viewpoint is that the extension of the Spring Festival holiday in 2026 will continue to support strong demand for family visits and travel [2] - The 2024 Spring Festival holiday will be adjusted to 8 days, extending by 1 day compared to 2023, and encouraging time off from New Year's Eve [2] - The 2025 Spring Festival holiday will increase by 1 day, optimizing the adjustment principles, and the significant "拼假" effect will be evident [2] Group 2 - The expected cross-regional personnel flow during the 2026 Spring Festival is projected to reach 9.5 billion, a year-on-year increase of approximately 5.3%, setting a new historical high [3] - The railway is expected to send 539 million passengers, a 5.0% increase year-on-year, with passenger capacity also increasing by 5.3% [3] - The civil aviation sector anticipates a passenger transport volume of 95 million, a year-on-year growth of 5.3%, with Southern Airlines and Eastern Airlines expecting daily flight increases of 4.2% and 3.6% respectively [3] Group 3 - The 2026 Spring Festival travel demand is expected to be strong, with a gradual increase in passenger flow and ticket prices maintaining year-on-year growth [4] - The pre-holiday week will see a mix of business and travel passengers, with a confirmed peak in passenger flow before the holiday [4] - The average domestic ticket price is expected to continue rising, supported by high passenger load factors and market-driven pricing [4] Group 4 - The Chinese aviation industry is anticipated to enter a "super cycle," driven by market-driven pricing and a recovery in demand and passenger structure [5] - The long-term logic will provide dual space for performance valuation, with continuous positive feedback from fundamentals and seasonal performance catalyzing market optimism [5] - Recommendations include increasing holdings in major airlines such as Air China, Juneyao Airlines, China Eastern Airlines, China Southern Airlines, and Spring Airlines [5]

Core Viewpoint - The A-share aviation sector experienced a significant surge, with major airlines like China Eastern Airlines and Huaxia Airlines hitting the daily limit, while Southern Airlines and Air China saw increases exceeding 6% [2][7]. Group 1: Market Performance - On February 4, 2026, the A-share aviation sector collectively rose, with Huaxia Airlines and China Eastern Airlines reaching the daily limit [2]. - Southern Airlines and Air China recorded gains of over 6% [2]. - The Shanghai Composite Index remained stable at 4067.67, while the ChiNext Index fell by 1.74% [3]. Group 2: Spring Festival Travel - The 2026 Spring Festival travel period began on February 2, with expectations of record-breaking passenger volumes [5]. - On the first day of the Spring Festival travel, civil aviation passenger volume reached 2.19 million, a 5.3% increase compared to the same period in 2025 [5]. - The average domestic economy class ticket price on the first day was 807 yuan, reflecting a 9.3% year-on-year increase, although it was a slight decrease of 1.5% compared to 2019 [5][6]. Group 3: Airline Strategies and Financial Performance - China Eastern Airlines has seen substantial stock price increases, with A-shares and H-shares rising by 50% and 105.79% respectively over the past year, making it the top performer among eight listed airlines in Shanghai and Hong Kong [7]. - The airline's "Three Flying Strategy" has contributed to its success, with the opening of 24 new international routes in 2025 [7]. - Huaxia Airlines is projected to report a net profit of 500 to 700 million yuan for 2025, marking an increase of 86.59% to 161.22% year-on-year [7]. - Southern Airlines is expected to turn a profit with a projected net profit of 800 to 1 billion yuan, while China Eastern and Air China anticipate significant reductions in losses due to tax adjustments [7].

2026.02. 04 本文字数：947，阅读时长大约1分钟 作者 | 第一财经 陈姗姗 2月4日，A股航空板块集体大涨。截至中午收盘，华夏航空和中国东航涨停，南方航空和中国国航涨幅也超过6%。 | 中国国航 | | | 8.94 | | 6.05% | | --- | --- | --- | --- | --- | --- | | 沪 601111 | | | | | | | 美元兑人民币(CFETS) | | | 6.9375 | | 0.02% | | FX USDCNY | | | | | | | NYMEX WTI原油 | | | 63.81 | | 0.95% | | 期 CL | | | | | | | 上证指数 | | | 4067.67 | | 0.00% | | 沪 000001 | | | | | | | 创业板指 | | | 3266.99 | | -1.74% | | 深 399006 | | | | | | | 海航控股 | | | 1.74 | | 4.19% | | 沪 600221 | | | | | | | 南方航空 | | | 8.25 | | 7.84% | | 沪 6 ...

2月4日，春秋航空涨5.05%，截至发稿，报58.62元/股，成交1.88亿元，换手率0.33%，总市值573.50亿 元。 资料显示，春秋航空股份有限公司位于上海市长宁区虹桥路2599号春秋航空总部办公楼，成立日期2004 年11月1日，上市日期2015年1月21日，公司主营业务涉及国内、国际及港澳航空客货运输业务及与航空 运输业务相关的服务。主营业务收入构成为：航空客运96.95%，其他(补充)2.38%，航空货运0.67%。 易方达沪深300ETF（510310）基金经理为余海燕、庞亚平。 截至发稿，余海燕累计任职时间15年61天，现任基金资产总规模4332.97亿元，任职期间最佳基金回报 174.06%， 任职期间最差基金回报-78.9%。 庞亚平累计任职时间7年111天，现任基金资产总规模3684.72亿元，任职期间最佳基金回报114.63%， 任 职期间最差基金回报-37.67%。 从春秋航空十大流通股东角度 声明：市场有风险，投资需谨慎。 本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本 文出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@ ...

春秋航空股份有限公司（以下简称"公司"）于2025年8月27日召开第五届董事会第十二次会议，审议通 过了《关于以集中竞价交易方式回购公司股份的议案》，同意公司使用自有资金和自筹资金以集中竞价 交易方式回购公司股份，回购资金总额不低于人民币30,000万元（含），不超过人民币50,000万元 （含），并将回购股份全部用于员工持股计划，同时同意授权公司管理层全权办理本次回购股份的相关 事宜。因公司实施2025年半年度权益分派事宜，自2025年10月17日（权益分派除权除息日）起，本次以 集中竞价方式回购股份的价格上限由不超过人民币65元/股（含）调整为不超过人民币64.57元/股 （含）。详见公司于2025年11月19日披露的《春秋航空关于以集中竞价交易方式回购股份的回购报告 书》（公告编号：2025-064）。 二、回购股份的进展情况 根据《上市公司股份回购规则》《上海证券交易所上市公司自律监管指引第7号一一回购股份》等相关 规定，公司在回购股份期间，应当在每个月的前3个交易日内公告截至上月末的回购进展情况。现将公 司截至上月末回购股份的进展情况公告如下： 2026年1月，公司未回购股份。截至2026年1月31 ...

证券日报网讯2月3日，春秋航空（601021）发布公告称，截至2026年1月31日，公司累计回购3208350 股，占总股本0.3279%，已用资金172903941元，回购价52.01元/股至55.99元/股。2026年1月，公司未回 购股份。 ...

Group 1 - The aviation and airport sector increased by 2.35% on February 3, with Southern Airlines leading the gains [1] - The Shanghai Composite Index closed at 4067.74, up 1.29%, while the Shenzhen Component Index closed at 14127.1, up 2.19% [1] - Key stocks in the aviation sector showed varied performance, with Southern Airlines closing at 7.65, up 5.37%, and China Eastern Airlines at 5.71, up 4.20% [1] Group 2 - The aviation and airport sector experienced a net outflow of 43.44 million yuan from institutional investors, while retail investors saw a net outflow of 106 million yuan [3] - Notable inflows from speculative funds were recorded at 149 million yuan [3] - The stock performance of major companies included China Eastern Airlines with a net inflow of 69.47 million yuan from institutional investors [4] Group 3 - The Aerospace ETF (product code: 159227) tracked the National Aerospace Industry Index and saw a decline of 8.15% over the past five days, with a net subscription of 12.87 million yuan [6] - The General Aviation ETF (product code: 159230) tracked the National General Aviation Industry Index and experienced a decline of 9.25%, with a net subscription of 10.71 million yuan [7] - The Tourism ETF (product code: 562510) tracked the CSI Tourism Theme Index and saw a decline of 2.92%, with a net subscription of 8.91 million yuan [7]

证券代码：601021 证券简称：春秋航空 公告编号：2026-003 春秋航空股份有限公司 二、回购股份的进展情况 根据《上市公司股份回购规则》《上海证券交易所上市公司自律监管指引第 7 号——回购股份》等相关规定，公司在回购股份期间，应当在每个月的前 3 个交 易日内公告截至上月末的回购进展情况。现将公司截至上月末回购股份的进展情 况公告如下： 2026 年 1 月，公司未回购股份。截至 2026 年 1 月 31 日，公司通过上海证券 交易所交易系统以集中竞价交易方式回购公司股份 3,208,350 股，占公司目前总股 本的 0.3279%，回购最高价格为人民币 55.99 元/股，回购最低价格为人民币 52.01 元/股，使用资金总额为人民币 172,903,941.00 元（不含交易佣金、过户费等交易 费用）。 上述回购股份符合法律法规的规定及公司回购股份方案。 三、其他事项 公司将严格按照《上市公司股份回购规则》《上海证券交易所上市公司自律监 管指引第 7 号——回购股份》等相关规定，在回购期限内根据市场情况择机做出 回购决策并予以实施，同时根据回购股份事项进展情况及时履行信息披露义务， 敬请广大 ...

2025年中国东航利润总额2亿~3亿，大航以后首次实现利润总额转正，或受益精准投放运力、持续优化航线网络、 持续推进精益成本管控。 （春秋航空）周观点：继续推荐航空&油轮周期 航空：2026年大航或迎利润表显著改善。 2025年中国东航利润总额2亿~3亿，大航以后首次实现利润总额转正，或受益精准投放运力、持续优化航线网络、 持续推进精益成本管控。 我们测算中国东航转回部分前期可抵扣亏损形成的递延所得税资产增加所得税16.2~20.8亿，或为归母净利承压主 要原因，对冲部分所得税费用有望缓解2026~27年压力，轻装上阵迎 （春秋航空）周观点：继续推荐航空&油轮周期 航空：2026年大航或迎利润表显著改善。 油运：周五运价再次突破11万，1Q26油轮龙头净利润有望创近10年单季度利润新高，继续推荐。 根据Clarksons，本周VLCC运价环比前一周增长17%至115541美元/天，其中VLCC TD3C（中东-中国）TCE前四日 均值环比下降28%至78529美元/天。 受潜在地缘冲突影响，部分货主为规避周末可能发生的地缘事件，锁定运力推动周五运价快速回升至11万美元/天 以上。 近两年来地缘冲突逐渐成为影响 ...