Zhi Tong Cai Jing·2025-11-14 12:17Core Insights - China Southern Airlines (600029) reported a 7.53% year-on-year increase in passenger capacity for October 2025, with domestic, regional, and international segments rising by 4.94%, 8.54%, and 15.29% respectively [1] - The passenger turnover increased by 8.83% year-on-year, with domestic, regional, and international segments growing by 6.78%, 8.48%, and 15.21% respectively [1] - The passenger load factor reached 87.89%, up by 1.05 percentage points year-on-year, with domestic load factor increasing by 1.54 percentage points, while regional and international segments saw slight declines of 0.05 and 0.06 percentage points respectively [1] Cargo Operations - In October 2025, cargo capacity (measured in available ton-kilometers) increased by 6.75% year-on-year [1] - Cargo turnover (measured in revenue ton-kilometers) rose by 8.06% year-on-year [1] - The cargo load factor was 52.48%, reflecting an increase of 0.64 percentage points year-on-year [1] Fleet Update - No new major routes were added in October 2025 [1] - The company introduced 4 new aircraft, including 2 A320NEO, 1 B737-8, and 1 C919, while retiring 1 A319 aircraft [1] - As of the end of October 2025, the total operational fleet consisted of 959 aircraft [1]