Zhi Tong Cai Jing·2025-08-28 14:36Core Viewpoint - China Southern Airlines reported a mid-year performance for 2025, showing a slight increase in operating revenue but a significant increase in net loss, indicating challenges in profitability despite revenue growth [1] Financial Performance - Operating revenue reached 86.291 billion RMB, a year-on-year increase of 1.77% [1] - Net loss attributable to shareholders was 1.534 billion RMB, a year-on-year increase of 45.54% [1] - Basic loss per share was 0.08 RMB [1] - Transportation revenue amounted to 82.152 billion RMB, reflecting a 2.06% year-on-year increase, driven by growth in passenger and cargo revenue [1] Operational Improvements - The company improved operational quality and service standards, with a flight execution rate exceeding 98% for flights canceled within three days [2] - Passenger perspective flight punctuality increased by 7.71 percentage points year-on-year [2] - The company received the "Best Airline Award" in the annual Civil Aviation Passenger Service Evaluation (CAPSE) for eight consecutive years [2] Strategic Initiatives - The company is implementing major strategic measures to promote high-quality development, including optimizing fleet structure by phasing out low-efficiency aircraft and increasing the proportion of high-performance aircraft [2] - Enhancements in hub competitiveness were noted, with a 98.5% transfer success rate for connecting passengers at the Guangzhou hub [2] - The company is advancing digital transformation and has deployed eight large models in its IT research and development ecosystem [2]