《中国民航报》、中国民航网 记者田以丹 通讯员杨莎莎、刘翠、袁丹 报道：9月30日，一批来自台北 的货物经广州白云国际机场中转，搭乘南航航班飞往最终目的地。同日，该批货物的通关数据同步传输 至目的地海关并顺利获批放行——这是南方航空物流股份有限公司旗下广州白云物流有限公司（以下简 称"白云物流"）今年3月正式推出"换单国际中转"服务以来，完成的首票广州地区跨航空公司联运货 物，标志着广州枢纽再添高效中转新路径。 随着"一带一路"倡议的实施深化，"空中丝绸之路"正成为中国连通世界的战略纽带。白云物流将持续创 新，搭建起更为便捷的空中货运桥梁，将不同国家的航空货运市场资源紧密串联起来，为世界经贸合作 提供一个更为广阔和便捷的平台，为降低全社会物流成本贡献南航力量。（编辑：李季威 校对：张彤 审核：韩磊） （白云物流供图） "'换单国际中转'服务，实现了更加灵活的跨运单、跨航司、跨国界货物中转操作，为客户提供了多元 化物流解决方案，进一步提升广州枢纽保障能力。"白云物流国际货站负责人介绍。对企业而言，这意 味着可根据成本、时效需求自主选择中转机场与航线组合，既压缩了物流成本，又能缩短货物转运周 期。 跨航司中转的高 ...

Core Viewpoint - The event organized by China Southern Airlines' Xinjiang branch aimed to bridge the understanding between new pilots and their families, highlighting the rigorous training and responsibilities involved in becoming a pilot [1][3]. Group 1: Event Overview - A welcoming meeting and family discussion for 37 new pilots was held, allowing family members to explore the training environment and understand the pilots' preparation process [1]. - The event included a detailed presentation by the flight department manager, showcasing the strength of the team, which consists of 736 operational personnel and a fleet of 58 aircraft [3]. Group 2: Training Path and Responsibilities - The training pathway for new pilots was outlined, consisting of a three-step progression from basic training to advanced specialization, culminating in captain training [3]. - A ceremony was held where eight new pilot representatives received their flight shoulder insignias, symbolizing their responsibilities and commitments [3]. Group 3: Personal Reflections - A mentor shared personal experiences, emphasizing the collective support from families in the journey of becoming a pilot, highlighting the sacrifices made by family members [4]. - The event concluded with a group photo, capturing the commitment and pride of both new and experienced pilots, as well as the support from their families [6].

Investment Rating - The investment rating for the company is "Accumulate" with a target price of 7.74 CNY [2][3]. Core Insights - The company significantly reduced its non-recurring losses in Q2 2025, and despite unexpected reductions in public and business demand during the summer travel season, it is expected to achieve year-on-year profit growth [3][11]. - The company's network optimization and active cost reduction strategies are anticipated to lead to an upward shift in its profit center in the future [11]. Financial Summary - Total revenue is projected to grow from 159.93 billion CNY in 2023 to 207.00 billion CNY by 2027, reflecting an annual growth rate of 8.6% [5]. - The net profit attributable to the parent company is expected to turn from a loss of 4.21 billion CNY in 2023 to a profit of 9.39 billion CNY in 2027, indicating a significant recovery [5]. - The earnings per share (EPS) is forecasted to improve from -0.23 CNY in 2023 to 0.52 CNY in 2027 [5]. Market Data - The company's market capitalization is approximately 107.82 billion CNY, with a current stock price of 5.95 CNY [6][11]. - The stock has traded within a range of 5.43 to 7.27 CNY over the past 52 weeks [6]. Operational Highlights - The company has seen a 5.5% increase in available seat kilometers (ASK) year-on-year, driven by a 4% growth in its fleet and increased international flight rotations [11]. - The average domestic aviation fuel price decreased by 13% year-on-year, with a 17% drop in Q2, allowing the company to retain most of the cost savings [11]. Future Outlook - The company is expected to achieve profitability in 2025, driven by a gradual recovery in public and business demand, alongside ongoing cost reduction efforts [11]. - The construction of dual hubs in Guangzhou and Beijing is a significant strategic move that is expected to enhance operational efficiency and profitability [11].

格隆汇9月30日丨中国南方航空股份(01055.HK)公告，中国南方航空股份有限公司(以下简称"本公 司"、"公司")于2020年10月15日发行的可转换公司债券(以下简称"南航转债"、"可转债")将于2025年10 月15日开始支付自2024年10月15日至2025年10月14日期间的利息。根据公司《募集说明书》的约定，本 次付息为南航转债第五年付息，计息期间为2024年10月15日至2025年10月14日。本计息年度可转债的票 面利率为1.50%(含税)，即每张面值人民币100元的可转债兑息金额为人民币1.50元(含税)。 ...

格隆汇9月30日丨中国南方航空股份(01055.HK)公告，中国南方航空股份有限公司(以下简称"本公 司"、"公司")于2020年10月15日发行的可转换公司债券(以下简称"南航转债"、"可转债")将于2025年10 月15日开始支付自2024年10月15日至2025年10月14日期间的利息。根据公司《募集说明书》的约定，本 次付息为南航转债第五年付息，计息期间为2024年10月15日至2025年10月14日。本计息年度可转债的票 面利率为1.50%(含税)，即每张面值人民币100元的可转债兑息金额为人民币1.50元(含税)。 ...

智通财经APP讯，中国南方航空股份(01055)发布公告，该公司于2020年10月15日发行的可转换公司债券 (以下简称"南航转债"、"可转债")将于2025年10月15日开始支付自2024年10月15日至2025年10月14日期 间的利息。 据悉，本期债券发行总额160亿元，本次发行的可转债期限为发行之日起6年，即自2020年10月15日至 2026年10月14日，本计息年度可转债的票面利率为1.50%(含税)。 ...

（在中華人民共和國註冊成立的股份有限公司） （股份代號：1055） 中華人民共和國，廣州 2025年9月30日 於本公告日期，董事包括執行董事馬須倫及韓文勝；及獨立非執行董事何超瓊、郭為、張 俊生及祝海平。 1 於其他市場發佈的公告 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條而作出。 茲載列中國南方航空股份有限公司在上海證券交易所網站刊登的《中國南方航空股份有限 公司關於"南航轉債"2025年付息公告》，僅供參閱。 承董事會命 中國南方航空股份有限公司 聯席公司秘書 陳威華及劉巍 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。 ...

Core Viewpoint - The article discusses the increasing trend of airlines charging for seat selection, which is perceived as a violation of consumer rights and a shift from safety considerations to revenue generation [3][4][11]. Group 1: Airline Practices - Many domestic airlines have implemented paid seat selection services, requiring passengers to pay extra or use mileage points for preferred seating [3][7]. - Airlines like China Southern and Air China have specific rules regarding seat locking, with some seats reserved for special services or requiring mileage for selection [4][8]. - The practice of locking seats, especially in the front rows, has shifted from safety concerns to a means of generating additional revenue [9][12]. Group 2: Consumer Rights and Legal Implications - Experts argue that paid seat selection infringes on consumer rights, particularly the right to know and choose, and may violate consumer protection laws [11][12]. - Historical precedents exist where airlines faced penalties for charging extra for seat selection, indicating a legal framework against such practices [10][11]. - There is a call for airlines to be transparent about seat locking policies and to ensure that a significant portion of seats remain available for free selection [11][12].

Core Viewpoint - The practice of paid seat selection by airlines has become a common revenue-generating strategy, raising concerns about consumer rights and transparency in the industry [2][3][8]. Group 1: Paid Seat Selection Practices - Many domestic airlines have implemented paid seat selection services, requiring passengers to pay extra or use mileage points to select certain seats [2][5]. - Airlines like China Southern and Air China have specific rules regarding seat locking, with some seats only available for purchase or mileage redemption [5][6]. - The proportion of locked seats varies by airline and flight, with no standardized regulations governing this practice [3][6]. Group 2: Consumer Rights and Legal Concerns - Experts argue that paid seat selection may violate consumer rights, particularly the right to know and choose freely, and could be seen as a breach of contract [3][8][9]. - The lack of transparency regarding seat availability and the rationale behind seat locking has been criticized, with calls for clearer communication from airlines [8][9]. - Historical precedents exist where airlines faced penalties for similar practices, indicating ongoing regulatory scrutiny in this area [7][8]. Group 3: Industry Implications - The shift towards paid seat selection is viewed as a move away from initial safety considerations to a focus on additional revenue, potentially harming airline reputations [6][9]. - Industry analysts suggest that this trend could lead to a deterioration of consumer trust and loyalty, as passengers feel their rights are being undermined [9].

南方航空所属申万行业为：交通运输-航空机场-航空运输。所属概念板块包括：民用航空、低价、一带 一路、融资融券、MSCI中国等。 截至6月30日，南方航空股东户数14.00万，较上期减少7.17%；人均流通股0股，较上期增加0.00%。 2025年1月-6月，南方航空实现营业收入862.91亿元，同比增长1.77%；归母净利润-15.33亿元，同比减 少24.84%。 9月30日，南方航空盘中上涨2.02%，截至13:44，报6.07元/股，成交3.59亿元，换手率0.47%，总市值 1099.94亿元。 资金流向方面，主力资金净流入446.87万元，特大单买入4244.96万元，占比11.82%，卖出2662.81万 元，占比7.42%；大单买入7574.33万元，占比21.10%，卖出8709.62万元，占比24.26%。 南方航空今年以来股价跌6.47%，近5个交易日涨1.51%，近20日涨2.71%，近60日涨5.75%。 资料显示，中国南方航空股份有限公司位于广东省广州市白云区齐心路68号中国南方航空大厦，成立日 期1995年3月25日，上市日期2003年7月25日，公司主营业务涉及国内和经批准的国际 ...