My Account Menu

CAPA Login

Register to trial CAPA Membership!

China Southern more optimistic on government bailout, improved traffic


China Southern Airlines’ parent has applied to Beijing for CNY3 billion (USD439 million) in emergency government aid, which is likely to be provided by the end of the year. China Southern has been calling for a government cash injection for almost a year. The move comes as the Guangzhou-based carrier shows tangible signs of recovery, with Oct-08 passenger numbers rising 8.2% year-on-year – the first positive month since Apr-08 and the strongest increase since Feb-08. Cargo volumes are also recovering and could return to positive territory next month on recent trends. [861 words]

Unlock the following content in this report:


  • Full recovery seen next year
  • Partnerships, lower fuel surcharges and international schedule adjustments
  • Parent to invest in Shenyang Airport
  • Outlook brighter as government comes to party

Graphs and data:

  • China Southern Airlines passenger numbers vs cargo volume growth: (% change year-on-year) Nov-07 to Oct-08
  • China Southern Airlines' domestic vs international passenger traffic(RPKs) growth: (% change year-on-year) Nov-07 to Oct-08
  • China Southern Airlines passenger load factor (%) and passenger load factor growth: (ppts change year-on-year) Nov-07 to Oct-08
Please login to continue reading or find out more about CAPA Membership below.
This content is exclusively for CAPA Membership Subscribers

CAPA Membership gives you the latest aviation news and alerts, access to CAPA articles, reports, and our leading aviation data with optional premium add-ons.