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China Southern Airlines’ first half profit jumps 33%; fleet and international expansion ahead

30-Aug-2011

China Southern Airlines reported a 33% year-on-year increase in net profit to CNY2.76 billion (USD431.6 million) in 1H2011 (six months ended 30-Jun-2011) supported by one-off gains and “robust growth of domestic market demand stimulated by a fast growing Chinese economy.” Operating profit increased by a faster pace, by 43% to USD396.1 million, for an operating profit margin of 6.1%. [2882 words]

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Subheadings:

  • Revenue and operating cost growth of 22.1%
  • Robust domestic growth amid economic growth
  • Fleet of 424 aircraft: A380s and B787s on the way; E190s introduced
  • China Southern looks at long-haul as domestic competition from high speed rail intensifies
  • Boosting Australia/New Zealand service
  • Domestic revenue comprises 83% of total; only 10% of capacity deployed internationally
  • Freight revenue and traffic grows; yield weakens
  • Outlook: rapid growth ahead but threats exist

Graphs and data:

  • China Southern Airlines operating profit margin vs net profit margin: 2006 to 1H2011
  • Shares comparison for Hainan Airlines, China Southern, China Eastern Airlines, Cathay Pacific and Air China for the last 12 months
  • China Southern Airlines operating revenue growth vs operating cost growth: 2006 to 1H2011
  • Top 10 Chinese airlines (system seats): 22-Aug-2011 to 28-Aug-2011
  • China Southern Airlines passenger numbers (mill): 2009 to 2011
  • China Southern Airlines passenger load factor (%): 2009 to 2011
  • Known A380 configurations, listed by seat count
  • Air China, China Southern Airlines, China Eastern Airlines available seat kilometres (international) comparison from Aug-08 to Aug-11
  • Air China, China Southern Airlines, China Eastern Airlines growth in available seat kilometres (international) comparison from Aug-08 to Aug-11
  • China to Australia (seats per week, one way, 4-Jul-11 to 19-Feb-12)
  • China Southern Airlines top ten routes (seats, 29-Aug-2011 to 04-Sep-2011)
  • China Southern Airlines top ten routes (ASK, 29-Aug-2011 to 04-Sep-2011)
  • China Southern Airlines international capacity (seats) by region (29-Aug-2011 to 04-Sep-2011)
  • China Southern Airlines international capacity (ASK) by region (29-Aug-2011 to 04-Sep-2011)
  • China Southern Airlines international vs domestic capacity (seats) share (29-Aug-2011 to 04-Sep-2011)
  • Air China Limited, China Southern Airlines, China Eastern Airlines available freight tonne kilometres comparison from Aug-08 to Aug-11
  • Air China Limited, China Southern Airlines, China Eastern Airlines revenue freight tonne kilometres comparison from Aug-08 to Aug-11
  • China Southern Airlines key operating statistics: six months ended 30-Jun-2011 vs six months ended 30-Jun-2010
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