聚焦航空行业2026年4月数据跟踪:高油价下行业增速总体回落,春秋航空供需保持双位数增长。3)上市航司表现,4 月南航/国航/东航/海航/春秋/吉祥国内航线 RPK 同比变化分别为-0.7%/+2.7%/+0.5%/-1.9%/+18.4%/+3.8%,南航/国航/东航/海航/春秋/吉祥国内航线 ASK 同比变化分别为+0.3%/0.0%/-0.9%/-2.3%/+13.1%/+4.1%;南航/国航/东航/海航/春秋/吉祥国际航线 RPK 同比变化分别为+12.2%/+13.8%/+11.0%/+7.1%/+17.8%/-0.6%,南航/国航/东航/海航/春秋/吉祥国际航线 ASK 同比变化分别为+12.5%/+2.4%/+4.7%/+2.1%/+9.8%/-6.8%。
聚焦航空行业2026年4月数据跟踪:高油价下行业增速总体回落,春秋航空供需保持双位数增长。3)上市航司表现,4 月南航/国航/东航/海航/春秋/吉祥国内航线 RPK 同比变化分别为-0.7%/+2.7%/+0.5%/-1.9%/+18.4%/+3.8%,南航/国航/东航/海航/春秋/吉祥国内航线 ASK 同比变化分别为+0.3%/0.0%/-0.9%/-2.3%/+13.1%/+4.1%;南航/国航/东航/海航/春秋/吉祥国际航线 RPK 同比变化分别为+12.2%/+13.8%/+11.0%/+7.1%/+17.8%/-0.6%,南航/国航/东航/海航/春秋/吉祥国际航线 ASK 同比变化分别为+12.5%/+2.4%/+4.7%/+2.1%/+9.8%/-6.8%。
聚焦航空行业2026年4月数据跟踪:高油价下行业增速总体回落,春秋航空供需保持双位数增长。3)上市航司表现,4 月南航/国航/东航/海航/春秋/吉祥国内航线 RPK 同比变化分别为-0.7%/+2.7%/+0.5%/-1.9%/+18.4%/+3.8%,南航/国航/东航/海航/春秋/吉祥国内航线 ASK 同比变化分别为+0.3%/0.0%/-0.9%/-2.3%/+13.1%/+4.1%;南航/国航/东航/海航/春秋/吉祥国际航线 RPK 同比变化分别为+12.2%/+13.8%/+11.0%/+7.1%/+17.8%/-0.6%,南航/国航/东航/海航/春秋/吉祥国际航线 ASK 同比变化分别为+12.5%/+2.4%/+4.7%/+2.1%/+9.8%/-6.8%。核心数据:3)上市航司表现,4 月南航/国航/东航/海航/春秋/吉祥国内航线 RPK 同比变化分别为-0.7%/+2.7%/+0.5%/-1.9%/+18.4%/+3.8%,南航/国航/东航/海航/春秋/吉祥国内航线 ASK 同比变化分别为+0.3%/0.0%/-0.9%/-2.3%/+13.1%/+4.1%;南航/国航/东航/海航/春秋/吉祥国际航线 RPK 同比变化分别为+12.2%/+13.8%/+11.0%/+7.1%/+17.8%/-0.6%,南航/国航/东航/海航/春秋/吉祥国际航线 ASK 同比变化分别为+12.5%/+2.4%/+4.7%/+2.1%/+9.8%/-6.8%;受益于航班量的调整、国际线客座率的增长的结构性贡献,平均客座率高位抬升、同比增长2.0pts 至 86.2%。
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覆盖 2026 年,全文共 13 页。
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重点分析了供需、油价、航空等议题。