China Southern Airlines - Has traffic bottomed out?
China Southern Airlines reported (only) a 1.1% decrease in passenger numbers in Sep-08 after a 15% decline in Aug-08. It was the airline’s fifth consecutive month of load factor declines, but the improvement, particularly in domestic volumes, appears to confirm the worst is now behind the carrier. [487 words]
Unlock the following content in this report:
- Deeper into debt
- More capacity to Australia for coming peak
Graphs and data:
- China Southern Airlines passenger numbers vs cargo volume growth (% change year-on-year): Oct-07 to Sep-08
- China Southern Airlines passenger traffic (RPK) growth (% change year-on-year): Oct-07 to Sep-08
- China Southern Airlines passenger load factor (%) and passenger load factor growth (ppts change year-on-year): Oct-07 to Sep-08
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