The latest update is out from China Southern Airlines Company Limited Class H ( (HK:1055) ).
China Southern Airlines Company Limited announced its financial results for the year ended December 31, 2024, reporting a significant increase in operating revenue to RMB 174,224 million from RMB 159,929 million in 2023. Despite the rise in revenue, the company posted a net loss of RMB 25 million, a notable improvement from the previous year’s loss of RMB 2,957 million. The results reflect increased operating expenses, particularly in flight operations and aircraft services, but also highlight a recovery trend with improved operating profit and reduced net loss, indicating a positive trajectory for the company and its stakeholders.
More about China Southern Airlines Company Limited Class H
China Southern Airlines Company Limited is a major airline company incorporated in the People’s Republic of China. It operates in the aviation industry, providing passenger and cargo air transportation services. The company focuses on both domestic and international markets, positioning itself as a key player in the global airline industry.
YTD Price Performance: -2.21%
Average Trading Volume: 13,988,522
Technical Sentiment Signal: Sell
Current Market Cap: HK$103.3B
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