Bei Jing Shang Bao·2025-10-31 11:15Core Insights - The three major airlines in China reported a total profit of 6.28 billion yuan for the first three quarters of 2025, marking the first time all three achieved profitability in this period since the start of 2023 [1][3][4] - The significant increase in net profit, despite only a slight increase in overall revenue, indicates a notable improvement in profitability driven by increased market demand, expansion of international routes, enhanced management, and lower fuel costs [1][6][7] Financial Performance - For the first three quarters, Air China, China Eastern Airlines, and China Southern Airlines reported net profits of 1.87 billion yuan, 2.103 billion yuan, and 2.307 billion yuan, respectively [3][4] - In Q3 alone, Air China reported a net profit of 3.676 billion yuan, a year-on-year decrease of 11.31%, while China Eastern Airlines and China Southern Airlines saw increases of 34.37% and 20.26% in net profit, respectively [3][4] - Revenue growth for the three airlines was modest, with Air China at 1.31%, China Eastern at 3.73%, and China Southern at 2.23% [4][5] Market Demand and Operations - The recovery in market demand, particularly in international travel, has been a key factor in the improved performance of the airlines [6][7] - In Q3, the total number of air passengers transported reached 210 million, a year-on-year increase of 3.9%, with international passenger transport growing by 13.3% [6][7] - China Eastern Airlines has notably expanded its international routes, increasing capacity by 20.08% and passenger turnover by 24.16% [7] Future Outlook - The aviation market is expected to maintain a growth trend in Q4, driven by the National Day and Mid-Autumn Festival holidays, with an anticipated 5% increase in passenger volume [9] - The airlines are focusing on reducing losses during the off-peak season by optimizing ticket pricing and enhancing international route recovery [10][11] - Strategies include improving operational efficiency, refining marketing management, and implementing cost control measures to boost profitability [11][12]