国信证券发布南方航空研报，全年业绩扭亏为盈，盈利能力持续改善

Group 1 - Core viewpoint: Southern Airlines (600029.SH) has released a performance forecast for 2025, indicating a turnaround from loss to profit year-on-year [1] - Domestic demand recovery: The passenger load factor has significantly improved year-on-year [1] - Industry supply and demand: Continuous improvement is expected, leading to potential profit elasticity in the medium to long term [1]