中国国航2025年度净亏损17.88亿元 同比扩大约669%

Core Viewpoint - China National Airlines (00753.HK) reported a net loss of RMB 1.788 billion for the fiscal year 2025, marking a significant increase of approximately 669.0% year-on-year, despite a revenue increase of about 2.9% to RMB 171.485 billion [1] Revenue Summary - The group achieved operating revenue of RMB 171.485 billion, reflecting a year-on-year growth of approximately 2.9% [1] - Passenger revenue reached RMB 154.856 billion, an increase of RMB 3.067 billion year-on-year [1] - Revenue growth was driven by an increase in capacity input, contributing RMB 4.918 billion, and improved passenger load factor, adding RMB 3.978 billion [1] - However, a decline in yield level resulted in a revenue decrease of RMB 5.829 billion [1]