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China Southern Airlines Faces Significant Uncovered Losses

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China Southern Airlines Faces Significant Uncovered Losses

China Southern Airlines Company Limited Class H ( (HK:1055) ) has provided an announcement.

China Southern Airlines announced that its uncovered losses have exceeded one-third of its total share capital, amounting to RMB38.584 billion as of December 31, 2024. Despite efforts to enhance passenger and cargo operations and control costs, the company remains in a state of loss. In response, the company plans to improve operational efficiency in 2025 by optimizing capacity allocation, enhancing cargo operations, and strengthening cost management to support its operations and market positioning.

More about China Southern Airlines Company Limited Class H

China Southern Airlines Company Limited is a major airline company based in the People’s Republic of China. It operates in the aviation industry, providing passenger and cargo transportation services. The company focuses on optimizing its route network and enhancing operational efficiency to maintain its market position.

YTD Price Performance: -2.21%

Average Trading Volume: 13,988,522

Technical Sentiment Signal: Sell

Current Market Cap: HK$103.3B

For detailed information about 1055 stock, go to TipRanks’ Stock Analysis page.

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