三大航企集体扭亏为盈

Core Viewpoint - Major domestic airlines in China have collectively turned profitable in the first three quarters of 2023 after five consecutive years of losses, indicating a significant recovery in the industry [1] Group 1: Financial Performance - Air China, China Eastern Airlines, and China Southern Airlines achieved profitability in the first three quarters of 2023, marking a turning point in the industry's recovery [1] - Hainan Airlines topped the profitability rankings with a net profit of 2.845 billion yuan, a year-on-year increase of 30.93% [1] - China Southern Airlines led the three major airlines with a net profit of 2.307 billion yuan, reflecting a year-on-year growth of 17.40% [1] - China Eastern Airlines reported a net profit of 2.103 billion yuan, successfully turning around from losses [1] - Air China achieved a net profit of 1.870 billion yuan, with a year-on-year increase of 37.31% [1] Group 2: Operational Metrics - International routes have become the core driver of profitability for the three major airlines [1] - Passenger turnover for international routes significantly outpaced that of domestic routes: Air China's international and domestic passenger turnover increased by 14.9% and 1.2% respectively; China Eastern Airlines saw increases of 24.16% and 6.08%; China Southern Airlines reported increases of 19.54% and 4.10% [1] - China Southern Airlines' international business performance is particularly notable, with its international seat occupancy rate and revenue per seat kilometer exceeding pre-pandemic levels in 2019 [1]