China Southern Airlines (600029.SH) reported a year-on-year increase of 10.07% in passenger turnover in December.

China Southern Airlines (600029.SH) announced that in December 2024, the group's passenger transport capacity (measured by available seat kilometers) increased by 3.33% year-on-year. Domestic capacity decreased by 1.78% compared to the previous year, while regional and international capacities increased by 1.11% and 20.04% respectively. Passenger traffic (measured by revenue passenger kilometers) increased by 10.07% year-on-year, with domestic, regional, and international traffic increasing by 3.44%, 7.45%, and 32.50% respectively. The passenger load factor was 84.55%, an increase of 5.17 percentage points compared to the previous year, with domestic, regional, and international load factors increasing by 4.26, 4.49, and 8.02 percentage points respectively. In terms of cargo, in December 2024, cargo transport capacity (measured by available ton kilometers - cargo and mail) decreased by 8.62% year-on-year. Cargo and mail traffic (measured by revenue ton kilometers) decreased by 2.05% year-on-year. The cargo and mail load factor was 55.89%, an increase of 3.75 percentage points compared to the previous year.