智通财经网·2026-01-15 10:22Core Viewpoint - China Southern Airlines announced an increase in passenger capacity and cargo capacity for December 2025, indicating growth in both domestic and international markets [1][2] Group 1: Passenger Operations - The group's passenger capacity (measured in available seat kilometers) is expected to rise by 11.89% year-on-year, with domestic, regional, and international segments increasing by 6.81%, 2.80%, and 25.76% respectively [1] - Passenger turnover (measured in revenue passenger kilometers) is projected to increase by 11.20% year-on-year, with domestic, regional, and international segments growing by 6.88%, 5.72%, and 22.77% respectively [1] - The passenger load factor is reported at 84.05%, a decrease of 0.53 percentage points year-on-year, with domestic and regional segments increasing by 0.05 and 2.16 percentage points, while the international segment decreased by 2.03 percentage points [1] Group 2: Cargo Operations - Cargo capacity (measured in available ton kilometers) is expected to increase by 19.28% year-on-year [1] - Cargo turnover (measured in revenue ton kilometers) is projected to rise by 10.86% year-on-year [1] - The cargo load factor is reported at 51.95%, a decrease of 3.95 percentage points year-on-year [1] Group 3: Fleet Expansion - The group plans to introduce 8 new aircraft, including 3 A320NEO, 3 A321NEO, 1 B737-8, and 1 C919, while retiring 2 aircraft, which include 1 A321 and 1 B737-700 [2] - As of the end of December 2025, the total operational fleet will consist of 972 aircraft [2] Group 4: New Routes - New major routes introduced include Guangzhou-Jiaxing-Guangzhou (7 flights per week), Guangzhou-Darwin-Guangzhou (3 flights per week), and Guangzhou-Madrid-Guangzhou (3 flights per week) [1]