The invention belongs to the technical field of aeroelastic analysis of an aircraft and relates to an aeroelastic analysis method in consideration of dynamic characteristics of an engine. The method comprises the steps of I, extracting engine reference points; II, establishing following matrixes according to extracted engine reference point positions and the dynamic characteristics of the engine: an engine thrust rigidity correction matrix as shown in the description, wherein j is engine number, F is a thrust vector of the engine reference point positions, and M is a moment vector caused by engine thrust, and a gyroscopic moment damping correction matrix as shown in the description, wherein omega is an angular velocity of the engine reference point positions, and theta is a turn angle vector of the engine reference point positions; III, correcting an aeroelastic motion equation without considering the dynamic characteristics of the engine according to the correction matrix established in step II, wherein the aeroelastic motion equation is as shown in the description, deltaM*= phiTdeltaMphi, deltaD*= phiTdeltaDphi, deltaK*= phiTdeltaKphi, deltaM* is a mass correction matrix, and phi is a modal matrix; and IV, calculating aeroelastic stability or dynamic response according to the corrected aeroelastic motion equation.