Ge Long Hui·2026-02-13 09:30Core Viewpoint - China Southern Airlines reported a decline in passenger capacity and turnover for January 2026, with a mixed performance in domestic, regional, and international segments [1] Passenger Operations - The group's passenger capacity (measured in available seat kilometers) decreased by 1.10% year-on-year, with domestic capacity down by 5.42%, while regional and international capacities increased by 0.12% and 10.45% respectively [1] - Passenger turnover (measured in revenue passenger kilometers) fell by 2.86% year-on-year, with domestic turnover down by 6.91%, while regional and international turnover rose by 1.12% and 7.96% respectively [1] - The passenger load factor was 83.26%, a decrease of 1.51 percentage points year-on-year, with domestic and international load factors down by 1.34 and 1.90 percentage points respectively, while regional load factor increased by 0.77 percentage points [1] Cargo Operations - In January 2026, cargo capacity (measured in available ton kilometers) saw a slight decline of 0.03% year-on-year [1] - Cargo turnover (measured in revenue ton kilometers) increased by 7.65% year-on-year [1] - The cargo load factor was 50.39%, an increase of 3.59 percentage points year-on-year [1] Fleet and Routes - No new major routes were added in January 2026 [1] - The group retired one A321 aircraft in January 2026, bringing the total operational fleet to 971 aircraft by the end of January 2026 [1]