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China Southern Airlines Company Limited Class H ( (HK:1055) ) just unveiled an announcement.
China Southern Airlines anticipates a significant financial loss for the year 2024, with a net loss attributable to shareholders estimated between RMB1.25 billion to RMB1.87 billion. Despite efforts to improve efficiency amidst a recovering domestic aviation market, the company faces challenges due to international market recovery delays, increased aircraft material costs, and currency depreciation, impacting its financial performance.
More about China Southern Airlines Company Limited Class H
China Southern Airlines Company Limited is a major airline incorporated in the People’s Republic of China, focusing on passenger and cargo transportation services. Operating in the civil aviation industry, the company aims to strengthen its market position by enhancing operational quality and cost control.
YTD Price Performance: -7.35%
Average Trading Volume: 18,330,904
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$107.6B
For detailed information about 1055 stock, go to TipRanks’ Stock Analysis page.
