Date: 17 September 2024
Broker Name: MIB Securities (Hong Kong) Ltd
August 2024 Operational Highlights
China South Air (1055 HK) showed solid growth in passenger capacity and traffic for August 2024. The airline’s passenger capacity increased by 12% year-on-year (YoY), showcasing its ongoing recovery and operational expansion.
Growth Across Different Routes
- Domestic Routes: Passenger capacity rose by 2.3% YoY, while passenger traffic for domestic routes grew by 11.8%.
- Regional Routes: Passenger capacity increased by 33.4% YoY, with passenger traffic for regional routes growing by 30.5%.
- International Routes: The most substantial growth was seen in international routes, where passenger capacity surged by 60.8% YoY, and passenger traffic increased by 63.6%, indicating a significant recovery in global demand.
International Demand Recovery
China South Air’s international revenue passenger kilometers (RPK) reached approximately 84% of pre-Covid (2019) levels. Although slightly behind its peers, the airline made notable progress in restoring international capacity, with strong gains in passenger traffic.
