China Southern Airlines Co., Ltd. (01055) expects a net loss of about 3.473 billion yuan to 3,973 billion yuan in the first half of the year

According to the Zhitong Finance App, China Southern Airlines Co., Ltd. (01055) issued an announcement. It is estimated that the company will achieve a net loss attributable to shareholders of listed companies for the first half year of 2026 of RMB 3.473 billion to RMB 3,973 billion. The estimated net loss attributable to shareholders of listed companies after deducting non-recurring profit and loss is RMB 4.480 billion to RMB 4.980 billion.

In the first half of 2026, China's economy grew steadily, the domestic civil aviation transportation market showed a steady development trend. Residents' demand for travel and tourism continued to be released, the company's total transportation turnover continued to grow, and the revenue scale continued to expand. In the first quarter, the company seized the opportunities of the Spring Festival travel season and market recovery, and continued to optimize the aviation network structure and passenger and cargo layout. The overall efficiency increased significantly over the same period last year. After entering March, due to the impact of the international geographical situation, aviation kerosene prices fluctuated sharply, and the entire industry faced tremendous pressure. The company's aviation fuel costs surged year-on-year in the first half of the year. Faced with sudden external shocks, while adhering to “strong systems, improved capabilities, intelligent prevention and control” to establish a firm bottom line for safe operation, the company quickly responds and adapts, formulates special response plans, dynamically optimizes capacity, strengthens customer and goods sales, lean cost control, strengthens industrial collaboration, deepens strategic management system construction, and takes more measures to increase overall revenue and expenses, and minimize the impact. However, due to objective factors such as the complex international situation, the company's operating performance is expected to lose in the first half of 2026.