南方航空公布年报，国际航线客运量同比增长94.09%

Core Insights - In 2024, China Southern Airlines reported total revenue of 174.22 billion yuan, an increase of 8.94% year-on-year, while net loss narrowed to 1.696 billion yuan from a loss of 4.209 billion yuan in the previous year, representing a 59.71% reduction in losses [1] Passenger Transport Business - The passenger transport revenue reached 146.45 billion yuan, accounting for 86.96% of the company's main business income, with a year-on-year increase of 7.55% [2] - The total number of passengers transported was 165 million, a growth of 15.84% year-on-year, with domestic routes carrying 145 million passengers (up 10.34%) and international routes (excluding Hong Kong, Macau, and Taiwan) carrying 17.6494 million passengers, a significant increase of 94.09% [2] - The average passenger load factor improved to 84.38%, an increase of 6.28 percentage points year-on-year, although the revenue per passenger kilometer decreased by 12.73% to 0.48 yuan due to intensified market competition and declining domestic ticket prices [2] Cargo Business - The cargo business emerged as a crucial pillar for reducing losses, with air cargo demand globally increasing by 11.3% year-on-year, surpassing 2021 records [3] - Cargo and mail transportation revenue reached 18.695 billion yuan, a year-on-year increase of 22.39%, representing 11.10% of the company's main business income [3] - The cargo turnover volume was 9.415 billion ton-kilometers, up 15.85% year-on-year, with revenue per ton-kilometer increasing by 5.85% to 1.99 yuan [3][4] Future Plans - The company plans to enhance domestic market capacity by increasing flight frequency and routes, including new domestic routes such as Beijing-Xishuangbanna and Haikou-Yiwu, as well as international routes like Guangzhou-Madrid and Beijing-Xi'an-Doha [2] - In the cargo sector, the company aims to optimize its cargo network, strengthen partnerships with logistics companies, and advance digital transformation and cost control to improve operational efficiency and profitability [4]