China Southern posts loss, opts against dividend payout

** China Southern Airlines [SSE:600029] has announced a net loss of ¥1.696 billion for 2024, prompting the board to recommend no dividend distribution for the year, a decision that awaits shareholder approval. This announcement comes alongside the airline's 2024 Audit Report, which shows total revenues increased 8.94% year-on-year to ¥174.224 billion. The improved performance includes a ¥31.445 billion net cash flow from operating activities, though down from ¥40.134 billion in 2023, and is attributed to efforts to improve operational efficiency and capture market opportunities.