Nan Fang Du Shi Bao·2026-02-03 05:57Core Viewpoint - Major Chinese airlines, including China Southern Airlines, China Eastern Airlines, Air China, and Hainan Airlines, have announced their earnings forecasts for 2025, indicating a trend of recovery in the aviation industry, with some airlines expected to return to profitability while others continue to face losses [2][3]. Group 1: Earnings Forecasts - China Southern Airlines expects to achieve a net profit of 800 million to 1 billion RMB in 2025, recovering from a net loss of 1.696 billion RMB in the previous year, marking an increase of 2.4 billion to 2.6 billion RMB [3]. - Hainan Airlines anticipates a net profit of 1.8 billion to 2.2 billion RMB in 2025, recovering from a net loss of 921 million RMB, representing an increase of 2.721 billion to 3.121 billion RMB [5]. - Air China projects a net loss of approximately 1.3 billion to 1.9 billion RMB in 2025, widening from a loss of 237 million RMB in the previous year [3]. - China Eastern Airlines expects a net loss of about 1.3 billion to 1.8 billion RMB, a reduction of 57% to 70% compared to the previous year, with an anticipated total profit of 200 million to 300 million RMB [3][4]. Group 2: Industry Trends - The domestic airlines' market share in international routes has increased to 70% in 2025, up from 58.9% in 2019, while foreign airlines' share has decreased to 30.5% [6]. - The total transportation turnover for the aviation industry in 2025 is projected to reach 1,640.8 billion ton-kilometers, with passenger transport volume at 770 million, and cargo volume at 1,017.2 million tons, reflecting growth of 10.5%, 5.5%, and 13.3% respectively [8]. - The average economy class ticket price for the year is expected to be 738 RMB, a decrease of 3.1% year-on-year, indicating a trend of low pricing strategies in the industry [6]. Group 3: Operational Strategies - Airlines are focusing on expanding international routes to enhance aircraft utilization and optimize profit structures, with China Southern Airlines opening over 40 new domestic and international routes in 2025 [7]. - The industry is facing challenges such as supply chain pressures and rising costs for aircraft and materials, prompting airlines to optimize route networks and enhance cost management [6][8]. - The recovery of international flights has reached over 90% of 2019 levels, indicating a strong rebound in the post-pandemic aviation market [8].