China Southern Airlines reports strong January, changes audit partner

China Southern Airlines (SSE: 600029) has released its key operating data for January 2025, revealing a 12.47% year-over-year increase in passenger capacity, measured by available seat kilometers (ASK). Passenger turnover also saw a substantial rise of 17.67%, driven by strong domestic (9.71%), regional (16.89%), and international (46.33%) growth. Passenger load factor improved to 84.76%, up 3.74 percentage points. Cargo capacity increased 4.13%, although freight turnover declined slightly by 0.81%.