厦航回应上市传闻：目前无明确计划

Core Viewpoint - Xiamen Airlines has no definitive plans for an IPO despite speculation arising from comments made by the chairman during a recent meeting, emphasizing the need for capital operations and corporate governance optimization [1][2]. Group 1: Company Overview - Xiamen Airlines was established in 1984 and is headquartered in Xiamen, Fujian Province, being the first airline in China to operate under a modern corporate system [2]. - The airline's fleet consists of 218 aircraft, operating over 400 domestic and international routes, with an annual passenger transport volume exceeding 43 million [2]. - Over 30 million members are enrolled in Xiamen Airlines' frequent flyer program [2]. Group 2: Financial Performance - Xiamen Airlines has reversed a three-year decline in performance, achieving profitability in 2023 and 2024, with net profits of 479 million yuan and 697 million yuan respectively [2]. - In 2024, Xiamen Airlines was the second-largest contributor to profits among Southern Airlines' subsidiaries, with only two out of seven subsidiaries reporting profits [2]. Group 3: Operational Metrics - In the first half of 2025, Xiamen Airlines reported a total transport turnover of 37.9 billion ton-kilometers, passenger transport of 23.03 million, and cargo/mail transport of 117,000 tons, reflecting year-on-year growth of 13.5%, 13%, and 12% respectively [3]. - The airline's subsidiaries have all reported profitability, indicating strong operational performance [3]. Group 4: Industry Challenges - The airline faces operational pressures, including rising cost pressures and declining market revenues, with both income and cost sides under pressure [3]. - The industry is experiencing "involution" in the short term, compounded by competition from high-speed rail, leading to a shift in the civil aviation sector from growth in scale to improvements in efficiency [3].