China Southern Airlines narrows loss, revamps governance in first half of 2025

China Southern Airlines reported a net loss attributable to shareholders of CNY1,533 million for the first half of 2025, a 24.84% improvement from the previous year. Revenue for the period increased by 1.77% to CNY86,291 million, with operating profit significantly improving from a CNY1,866 million loss to a CNY374 million profit. Total assets grew by 2.06% to CNY336,535 million, while net assets attributable to shareholders decreased by 4.42% to CNY33,195 million.

The airline's board approved the 2025 semi-annual report and resolved to cancel the Supervisory Board, with its functions to be assumed by the Board's Audit and Risk Management Committee. This change, alongside revisions to the articles of association and rules of procedure for shareholder and board meetings, is subject to shareholder approval. The company also disclosed the appointment of Mr. Gao Fei as a candidate for executive director.

Furthermore, China Southern Airlines continued its cash management strategies for idle raised funds from its 2020 A-share private placement and convertible bond issues, extending the management period for these funds. The company’s retained idle funds as of June 30, 2025, amounted to CNY165,500,000 for A-shares and CNY890,000,000 for convertible bonds, invested in transferable large-amount certificates of deposit.