13 stories mentioning HKG:1055Updated 15d ago
Every FINWIRES story that references HKG:1055, newest first.
China Southern Airlines (SHA:600029, HKG:1055) passenger capacity fell 1.2% year over year to 30.2 billion available seat kilometers in June.Cargo capacity decreased 3.1% to 1.49 billion available tonne-kilometers, the airline said in its Wednesday filing on the Hong Kong bourse.
Major Chinese airlines expect their first-half losses to widen as elevated fuel costs brought by the Middle East conflict continue to squeeze operating profit margins.In separate profit warnings issued to the Hong Kong bourse on Tuesday, Air China (HKG:0753, SHA:601111), China Eastern Airlines (HKG:0670, SHA:600115), and China Southern Airlines (HKG:1055, SHA:600029) disclosed preliminary loss estimates for the six months ended June 30.Air China predicts its attributable net loss will widen to between 2.1 billion yuan and 2.6 billion yuan, up from 1.81 billion yuan a year earlier.China Eastern Airlines anticipates its loss to widen to between 1.8 billion yuan and 2.4 billion yuan, compared with 1.43 billion yuan in the prior-year period.China Southern Airlines expects a net loss of 3.47 billion yuan to 3.97 billion yuan, more than doubling its 1.53 billion yuan loss from a year ago.The carriers attributed the downbeat projections to sudden external shocks and high aviation fuel prices, affecting the companies' profitability and causing passengers to shoulder added costs.The struggles in China align with a broader global industry downturn. The International Air Transport Association (IATA) recently halved its 2026 profit outlook for global airlines. Carriers are now projected to earn a combined net profit of $23 billion for the year, down from an earlier $41 billion estimate and roughly half of the $45 billion recorded in 2025."War-related disruptions in the Middle East and rising fuel costs have shifted the outlook for airlines to the worse," Willie Walsh, IATA's Director General, said."Profits will shrink from $45 billion in 2025 to $23 billion this year. And margins will shrink from 4.2% to 2.0%. All airline bottom lines are suffering from the rapid 70% rise in jet fuel prices."Airlines in the Asia-Pacific region, which rely heavily on crude imports, expect their collective net profits to drop to $6.6 billion this year, down from $9.8 billion in 2025.
China Southern Airlines (HKG:1055, SHA:600029) expects an attributable net loss of 3.47 billion yuan to 3.97 billion yuan for the first half, widening from 1.53 billion yuan a year earlier, according to a Tuesday filing with the Hong Kong bourse.The company attributed the expected loss to sharply higher aviation fuel costs amid geopolitical tensions, despite growth in passenger traffic and revenue during the first half.Hong Kong-listed shares of the airline were down nearly 2% in Wednesday morning trade.
China's major airlines will reduce fuel surcharges for domestic routes on tickets sold from Sunday, according to notices byAir China (HKG:0753, SHA:601111), China Eastern Airlines (HKG:0670, SHA:600115), and China Southern Airlines (HKG:1055, SHA:600029) issued over the weekend.Passengers will be charged 50 yuan per flight segment for routes of up to 800 kilometers, and 100 yuan for longer routes, the airlines said.Infants will stay exempt, while children, disabled military and police personnel will pay half the surcharge.
China Southern Airlines' (HKG:1055, SHA:600029) 55%-owned cargo subsidiary agreed to purchase seven freighter aircraft from Boeing, according to a Friday Hong Kong bourse filing.China Southern Air Cargo will acquire five new Boeing 777-8F aircraft and two new Boeing 777F aircraft. The agreement also gives the carrier the right to purchase three additional Boeing 777-8F aircraft.The aircraft will be delivered in stages from 2027 to 2034, with the purchase funded through the group's internal resources.Hong Kong-listed shares of the airline were down over 2% in Monday morning trade.
China Southern Airlines (SHA:600029, HKG:1055) passenger capacity fell 2.9% year over year to 29.9 billion available seat kilometers in May, according to a Monday filing with the Hong Kong bourse.Passengers carried declined 8.4% to 13 million in the month.Cargo capacity decreased 2.4% to 1.53 billion available tonne-kilometers, the airline said in its filing.Cargo and mail carried fell 5.5% to 160,470 tonnes.
China Southern Airlines (SHA:600029, HKG:1055) will acquire an additional 31.47% stake in its subsidiary, Chongqing Airlines, for 4.50 billion yuan, according to a Shanghai bourse filing on Saturday.The airline company's Shanghai shares slipped 1% and Hong Kong shares fell by less than 2% at the close of Monday's trade.Chongqing Airlines' registered capital will increase to 5.6 billion yuan from 1.2 billion yuan.China Southern Airlines' stake in Chongqing Airlines will rise to 91.47% from 60% after the transaction.
China Southern Airlines (SHA:600029, HKG:1055) passenger capacity jumped 3.7% year over year to 30.8 billion available seat kilometers in April, according to a Friday filing with the Hong Kong bourse.Passenger count slipped 0.6% to 13.5 million in the month.Cargo capacity increased 1.4% to 4.32 billion available ton-kilometers, the airline said in its filing.Cargo and mail carried edged up 1.6% to 160,060 tons.
Air China (HKG:0753) returned to profitability in the first quarter, which could indicate resilience in the industry despite global energy shocks.Attributable net profit at China's flag carrier reached 1.71 billion yuan, compared with a loss of 2.04 billion yuan the previous year, according to a Thursday disclosure to the Hong Kong Exchange.Earnings per share stood at 0.10 yuan, versus a loss per share of 0.12 yuan.The rebound in earnings indicates a resilience in China's aviation sector, especially as it recovers from fuel shocks, Bloomberg reported separately on Thursday.The growth is also in line with expectations from Bank of America Securities.Two other major airlines, China Southern Airlines (HKG:1055, SHA:600029) and China Eastern Airlines (HKG:0670, SHA:600115) also recovered from losses in the first quarter compared with the year-ago period.Air China's turnaround could also mean alignment with other big Asian carriers such as Singapore Airlines (SGX:C6L) and Cathay Pacific (HKG:0293), the report said.However, Air China and its government-controlled peers could be "adversely positioned" due to a more price-sensitive travel cohort in China, as well as high fuel costs which they struggle to pass on to passengers, Reuters quoted HSBC (HKG:0005) as saying.The airline's revenue rose 11% year over year to 44.5 billion yuan from 40.0 billion yuan.Passenger capacity jumped 7.6% to 95.2 available seat kilometers during the quarter. The rise could be attributable to demand during the Lunar New Year, Reuters reported separately.Passenger throughput grew 10% to 42.1 million during the quarter, with domestic passenger count growing 10% to 35.8 million, international passenger count rising 12% to 4.9 million, and regional passenger count increasing 18% to 1.3 million.Cargo and mail throughput during the quarter grew 4.3% to 362,995.4 tonnes, while cargo capacity jumped 3.6% to 3.48 billion available freight tonne kilometers.Chinese international airline capacity could rise 13% year over year during the summer, equivalent to 91% of 2019 levels, Reuters said, citing Bank of America.Shares fell 3% in Hong Kong during Thursday afternoon trading.
China Southern Airlines (SHA:600029, HKG:1055) posted first-quarter attributable net profit of 1.48 billion yuan, compared with loss of 747 million yuan the previous year.Earnings per share stood at 0.07 yuan, versus a loss per share of 0.05 yuan last year, according to a Thursday filing with the Shanghai bourse.The carrier's operating revenue climbed 10% year over year to 47.8 billion yuan from 43.4 billion yuan.Shares of the company declined 1% in recent trade.
China Southern Airlines (SHA:600029, HKG:1055) and one of its units agreed to acquire 137 aircraft from Airbus at less than catalogue price, according to a Hong Kong bourse filing Wednesday.The airline's Hong Kong shares fell nearly 3% in late morning trade Thursday.The company agreed to purchase 102 A320NEO aircraft, while Xiamen Airlines, a 55%-owned subsidiary, placed an order for a further 35 A320NEO planes.The catalogue price for the planes range from $133 million to $170 million, equating to a total purchase price of $21.38 billion.However, the aggregate actual consideration "is lower than the catalogue price as provided [..] because of the price concessions granted by Airbus," China Southern Airlines said.Plane deliveries will begin from 2028 and last until 2032, the airline said.
China Southern Airlines (SHA:600029, HKG:1055) passenger capacity jumped 12% year over year to 32.9 billion available seat kilometers in March, according to a Tuesday filing with the Hong Kong bourse.Passenger count climbed 10% to 14.6 million in the month.Cargo capacity increased 3.8% to 1.62 billion available ton-kilometers, the airline said in its filing.Cargo and mail carried edged up 0.2% to 159,260 tons.
