China Southern Airlines (600029.SH) Reports 6.69% YoY Passenger Traffic Growth in June

Stock Track07-15

China Southern Airlines Company Limited (600029.SH) disclosed its June 2025 operational results, revealing significant gains across key metrics. The airline group recorded a 4.57% year-on-year expansion in passenger capacity, measured by available seat kilometers. Regional breakdowns showed domestic routes increasing 1.41%, regional routes climbing 4.38%, and international operations surging 14.60%.

Passenger traffic performance proved even stronger, with revenue passenger kilometers jumping 6.69% compared to June 2024. This growth manifested through a 3.60% domestic uptick, a robust 9.38% regional expansion, and a substantial 16.56% international leap. Load factors reached 85.18% overall - a solid 1.69 percentage point improvement year-on-year. Segment analysis revealed domestic load factors rising 1.81 points, regional soaring 3.77 points, and international climbing 1.41 points.

Cargo operations demonstrated parallel momentum. Freight capacity measured by available cargo tonne kilometers expanded 7.04% annually, while cargo revenue tonne kilometers ascended 6.51%. The cargo load factor registered at 55.02%, reflecting a marginal 0.27 percentage point decrease from the prior-year period.

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