Zhi Tong Cai Jing·2025-08-15 12:26Core Insights - China Southern Airlines (600029) reported a 6.66% year-on-year increase in passenger capacity input (measured in available seat kilometers) for July 2025, with domestic, regional, and international segments increasing by 5.69%, 1.01%, and 9.97% respectively [1] - The passenger turnover (measured in revenue passenger kilometers) rose by 7.29% year-on-year, with domestic, regional, and international segments increasing by 6.54%, 2.97%, and 9.85% respectively [1] - The passenger load factor reached 84.38%, an increase of 0.50 percentage points year-on-year, with domestic and regional segments rising by 0.67 and 1.56 percentage points, while international load factor decreased by 0.09 percentage points [1] - In cargo operations, the cargo capacity input (measured in available ton kilometers) increased by 0.22% year-on-year, and the cargo turnover (measured in revenue ton kilometers) rose by 3.60% [1] - The cargo load factor was 50.89%, up by 1.66 percentage points year-on-year [1] - The company introduced 8 new aircraft in July 2025, including 2 A321NEO, 3 A320NEO, 2 B737-8, and 1 B787-9, while retiring 1 B737-700 aircraft, bringing the total operational fleet to 950 aircraft by the end of July 2025 [1]