北京商报讯（记者 关子辰 牛清妍）9月15日，南方航空发布的月度运营数据显示，8月集团客运运力投 入（按可利用座公里计）同比上升6.37%；旅客周转量（按收入客公里计）同比上升5.97%；客座率为 86.99%，同比下降0.32个百分点。 ...

Core Insights - China Southern Airlines reported a 6.37% year-on-year increase in passenger capacity for August 2025, with domestic, regional, and international segments rising by 4.89%, 3.43%, and 11.35% respectively [1] - The passenger turnover increased by 5.97% year-on-year, with domestic, regional, and international segments growing by 4.93%, 6.04%, and 9.40% respectively [1] - The passenger load factor was 86.99%, a decrease of 0.32 percentage points year-on-year, with domestic and regional segments increasing by 0.04 and 2.07 percentage points, while international decreased by 1.52 percentage points [1] Passenger Operations - The group’s passenger capacity (measured in available seat kilometers) increased by 6.37% year-on-year [1] - The passenger turnover (measured in revenue passenger kilometers) rose by 5.97% year-on-year [1] - The passenger load factor stood at 86.99%, reflecting a slight decline [1] Cargo Operations - Cargo capacity (measured in available ton kilometers) increased by 0.90% year-on-year [1] - Cargo turnover (measured in revenue ton kilometers) rose by 5.48% year-on-year [1] - The cargo load factor was 50.83%, an increase of 2.21 percentage points year-on-year [1] Fleet Update - In August 2025, the group introduced 7 new aircraft, including 2 A321NEO, 2 A320NEO, 2 B737-8, and 1 B787-9 [1] - The group retired 5 aircraft, including 1 A319, 1 A321, 1 A330-200, and 2 B737-800 [1] - As of the end of August 2025, the group operated a total of 952 aircraft [1]

Group 1: Industry Overview - The domestic aviation industry in mainland China showed a strong rebound in the second quarter, but the performance during the summer holiday was not as ideal due to weak business travel demand [1] - International ticket prices have significantly dropped mainly due to oversupply on the China-Japan routes, as airlines overestimated demand during the Japan Expo [1] - Future projections indicate that net demand growth rates for 2025 to 2027 will be 3%, 1%, and 1%, respectively, leading to a significant narrowing of the year-on-year decline in international ticket prices [1] - Domestic ticket prices are expected to improve from September, supported by a decrease in oil prices, which will positively impact airline profitability [1] Group 2: Company Recommendations - China National Aviation (00753) is favored due to its high market share in profitable routes, with target prices raised to HKD 7.3 for H-shares and RMB 9.6 for A-shares, rated "Buy" [2] - China Eastern Airlines (00670) has its H-share target price increased to HKD 3.7 and A-share target price to RMB 5.1, also rated "Buy" [2] - China Southern Airlines (01055) sees its H-share target price raised to HKD 4.6 and A-share target price to RMB 6.2, rated "Buy" for H-shares and "Neutral" for A-shares [2]

Core Viewpoint - China Southern Airlines reported an increase in passenger capacity and turnover for August 2025, indicating growth in both domestic and international markets, despite a slight decline in overall passenger load factor [1] Passenger Operations - The group's passenger capacity (measured in available seat kilometers) increased by 6.37% year-on-year, with domestic, regional, and international segments rising by 4.89%, 3.43%, and 11.35% respectively [1] - Passenger turnover (measured in revenue passenger kilometers) rose by 5.97% year-on-year, with domestic, regional, and international segments increasing by 4.93%, 6.04%, and 9.40% respectively [1] - The passenger load factor was 86.99%, a decrease of 0.32 percentage points year-on-year, with domestic and regional segments increasing by 0.04 and 2.07 percentage points, while international load factor decreased by 1.52 percentage points [1] Cargo Operations - Cargo capacity (measured in available ton kilometers) increased by 0.90% year-on-year for August 2025 [1] - Cargo turnover (measured in revenue ton kilometers) rose by 5.48% year-on-year [1] - The cargo load factor was 50.83%, an increase of 2.21 percentage points year-on-year [1] Fleet Update - In August 2025, the group introduced 7 new aircraft, including 2 A321NEO, 2 A320NEO, 2 B737-8, and 1 B787-9, while retiring 5 aircraft, including 1 A319, 1 A321, 1 A330-200, and 2 B737-800 [1] - As of the end of August 2025, the group operated a total of 952 transport aircraft [1]

Core Viewpoint - China Southern Airlines reported an increase in passenger capacity and turnover for August 2025, with a notable rise in international operations, while cargo operations also showed growth in capacity and turnover [1] Passenger Operations - The group's passenger capacity (measured in available seat kilometers) increased by 6.37% year-on-year, with domestic, regional, and international segments rising by 4.89%, 3.43%, and 11.35% respectively [1] - Passenger turnover (measured in revenue passenger kilometers) rose by 5.97% year-on-year, with domestic, regional, and international segments increasing by 4.93%, 6.04%, and 9.40% respectively [1] - The passenger load factor was 86.99%, a decrease of 0.32 percentage points year-on-year, with domestic and regional segments increasing by 0.04 and 2.07 percentage points, while international load factor decreased by 1.52 percentage points [1] Cargo Operations - Cargo capacity (measured in available ton kilometers) increased by 0.90% year-on-year [1] - Cargo turnover (measured in revenue ton kilometers) rose by 5.48% year-on-year [1] - The cargo load factor was 50.83%, an increase of 2.21 percentage points year-on-year [1] Fleet Update - In August 2025, the group introduced 7 new aircraft, including 2 A321NEO, 2 A320NEO, 2 B737-8, and 1 B787-9, while retiring 5 aircraft, including 1 A319, 1 A321, 1 A330-200, and 2 B737-800 [1] - As of the end of August 2025, the group operated a total of 952 transport aircraft [1]

格隆汇9月15日丨中国南方航空股份(01055.HK)公布，2025年8月，集团客运运力投入(按可利用座公里 计)同比上升6.37%，其中国内、地区和国际分别同比上升4.89%、3.43%和11.35%；旅客周转量(按收入 客公里计)同比上升5.97%，其中国内、地区和国际分别同比上升4.93%、6.04%和9.40%；客座率为 86.99%，同比下降0.32个百分点，其中国内和地区分别同比上升0.04和2.07个百分点，国际同比下降 1.52个百分点。 货运方面，2025年8月货运运力投入(按可利用吨公里—货邮运计)同比上升0.90%；货邮周转量(按收入 吨公里—货邮运计)同比上升5.48%；货邮载运率为50.83%，同比上升2.21个百分点。 2025年8月，集团无新增主要航线。 2025年8月，集团引进7架飞机(包含2架A321NEO飞机、2架A320NEO飞机、2架B737-8飞机和1架B787-9 飞机)，退出5架飞机(包含1架A319飞机、1架A321飞机、1架A330-200飞机和2架B737-800飞机)。截至 2025年8月底，本集团合计运营952架运输飞机 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產 生或因倚賴該等內容而引致的任何損失承擔任何責任。 本公告乃根據將在上海證券交易所刊登的本集團2025年8月主要營運數據，上市規則第13.09 條及第13.10B條，以及香港法例第571章證券及期貨條例第XIVA部項下之內幕消息條文（定 義見上市規則）而作出。 相關主要運營數據來自本集團內部統計，可能與相關期間定期報告披露的數據有差異。投 資者應注意不恰當信賴或使用相關信息可能造成投資風險。 本公告乃根據將在上海證券交易所刊登的中國南方航空股份有限公司（「本公司」）及其 附屬公司（統稱「本集團」）2025年8月主要營運數據，香港聯合交易所有限公司證券上市 規則（「上市規則」）第13.09條及第13.10B條，以及香港法例第571章證券及期貨條例第 XIVA部項下之內幕消息條文（定義見上市規則）而作出。 2025年8月，本集團客運運力投入（按可利用座公里計）同比上升6.37%，其中國内、地區 和國際分別同比上升4.89%、3.43%和11.35%；旅客周轉 ...

证券代码：600029 证券简称：南方航空 公告编号：临 2025-045 中国南方航空股份有限公司 2025 年 8 月主要运营数据公告 1 2025年8月，本集团引进7架飞机（包含2架A321NEO飞机、 2架A320NEO飞机、2架B737-8飞机和1架B787-9飞机），退出5 架飞机（包含1架A319飞机、1架A321飞机、1架A330-200飞机和 2架B737-800飞机）。截至2025年8月底，本集团合计运营952架 运输飞机，具体保有情况如下： | 机型 | 自行保有 | 融资租赁 | 经营租赁 | 小计 | | --- | --- | --- | --- | --- | | 空客 350 系列 | 6 | 14 | 0 | 20 | | 空客 330 系列 | 10 | 15 | 0 | 25 | | 空客 320 系列 | 151 | 102 | 142 | 395 | | 波音 787 系列 | 13 | 20 | 10 | 43 | | 波音 777 系列 | 18 | 16 | 0 | 34 | | 波音 737 系列 | 153 | 69 | 167 | 389 | | EMB1 ...

Core Insights - China Southern Airlines reported a 6.37% year-on-year increase in passenger capacity for August 2025, with domestic, regional, and international segments rising by 4.89%, 3.43%, and 11.35% respectively [1] - The passenger turnover increased by 5.97% year-on-year, with domestic, regional, and international segments growing by 4.93%, 6.04%, and 9.40% respectively [1] - The overall passenger load factor was 86.99%, reflecting a decrease of 0.32 percentage points year-on-year, with domestic and regional segments increasing by 0.04 and 2.07 percentage points, while international load factor decreased by 1.52 percentage points [1] Cargo Operations - In August 2025, cargo capacity (measured in available ton-kilometers) increased by 0.90% year-on-year [1] - Cargo turnover (measured in revenue ton-kilometers) rose by 5.48% year-on-year [1] - The cargo load factor was 50.83%, showing an increase of 2.21 percentage points year-on-year [1] Fleet Update - The company introduced 7 new aircraft in August 2025, including 2 A321NEO, 2 A320NEO, 2 B737-8, and 1 B787-9 [1] - The company retired 5 aircraft, which included 1 A319, 1 A321, 1 A330-200, and 2 B737-800 [1] - As of the end of August 2025, the total operational fleet consisted of 952 aircraft [1]

货运方面，2025年8月，货运运力投入(按可利用吨公里—货邮运计)同比上升0.90%;货邮周转量(按收入 吨公里—货邮运计)同比上升5.48%;货邮载运率为50.83%，同比上升2.21个百分点。 南方航空（600029）(600029.SH)公告，2025年8月，中国南方航空股份有限公司及所属子公司客运运力 投入(按可利用座公里计)同比上升6.37%，其中国内、地区和国际分别同比上升4.89%、3.43%和11.35%; 旅客周转量(按收入客公里计)同比上升5.97%，其中国内、地区和国际分别同比上升4.93%、6.04%和 9.40%;客座率为86.99%，同比下降0.32个百分点，其中国内和地区分别同比上升0.04和2.07个百分点， 国际同比下降1.52个百分点。 ...