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.

This CAPA Premium Analysis article is 850 words.

To access CAPA Premium Analysis you need a CAPA Membership

Your window into the latest insights

CAPA employs an industry-leading Analyst team based in Europe, North America, Asia and Australia who offer unique perspectives and independent and accurate commentary of critical industry developments globally. CAPA Members rely on our Analysis to unlock valuable insights and actionable intelligence to keep ahead of the game.

Big picture strategic view

Our Analysts don’t just report the news - they take a big picture strategic view of aviation dynamics, issues and trends and analyse the implications of these developments for you.

Global intelligence

The CAPA Analyst team is based globally to ensure our CAPA Members have access to independent, unique perspectives covering an entire spectrum of daily, worldwide commercial aviation developments.

Customise your Alerts

CAPA Members can use CAPA Alerts to receive daily, weekly or monthly and customised updates on our Analysis.

I'm very impressed by the factual and detailed analysis CAPA is always doing.

- CEO, Airline Member
To learn more, contact us:
Phone: +61 2 9241 3200 | Email: membership@centreforaviation.com