Core Insights - China Southern Airlines reported a 6.37% year-on-year increase in passenger capacity for August 2025, with domestic, regional, and international segments rising by 4.89%, 3.43%, and 11.35% respectively [1] - The passenger turnover increased by 5.97% year-on-year, with domestic, regional, and international segments growing by 4.93%, 6.04%, and 9.40% respectively [1] - The overall passenger load factor was 86.99%, reflecting a decrease of 0.32 percentage points year-on-year, with domestic and regional segments increasing by 0.04 and 2.07 percentage points, while international load factor decreased by 1.52 percentage points [1] Cargo Operations - In August 2025, cargo capacity (measured in available ton-kilometers) increased by 0.90% year-on-year [1] - Cargo turnover (measured in revenue ton-kilometers) rose by 5.48% year-on-year [1] - The cargo load factor was 50.83%, showing an increase of 2.21 percentage points year-on-year [1] Fleet Update - The company introduced 7 new aircraft in August 2025, including 2 A321NEO, 2 A320NEO, 2 B737-8, and 1 B787-9 [1] - The company retired 5 aircraft, which included 1 A319, 1 A321, 1 A330-200, and 2 B737-800 [1] - As of the end of August 2025, the total operational fleet consisted of 952 aircraft [1]
南方航空(600029.SH):8月客运运力投入同比上升6.37%