Fleet and Operations - China Southern Airlines operates a fleet of 908 aircraft, including Boeing 787, 777, 737 series, and Airbus A350, 330, 320 series[6]. - The company has 20 subsidiaries and 7 holding airline subsidiaries, with 52 overseas offices globally[6]. - The fleet size reached 908 aircraft, with 37 new deliveries and 23 retirements during the reporting period[17]. - The average age of the fleet is 9.2 years, with an overall load factor of 66.4%[69]. - The company achieved a total flight time of 2.842 million hours and transported 142 million passengers in 2023, marking a significant operational recovery[26]. Financial Performance - The company's operating revenue for 2023 reached RMB 159,929 million, an increase of 83.70% compared to RMB 87,059 million in 2022[10]. - The net loss attributable to equity holders of the company was RMB (4,140) million, a significant improvement of 87.34% from RMB (32,699) million in the previous year[10]. - Operating expenses rose by 37.99% to RMB 159,052 million in 2023, compared to RMB 115,262 million in 2022[46]. - The company achieved operating profit of RMB 5,557 million in 2023, a turnaround from an operating loss of RMB 22,542 million in 2022[46]. - Passenger revenue reached RMB 136,170 million in 2023, a 126.89% increase from RMB 60,017 million in 2022[47]. Market Presence and Strategy - The company aims to enhance its strategic market presence and develop a hub-centric network structure[6]. - In 2023, the company focused on deepening its presence in the Guangdong-Hong Kong-Macao Greater Bay Area and optimizing its Beijing hub operations[6]. - The company plans to continue expanding its market presence and enhancing its operational efficiency through new strategies and technologies[12]. - The company plans to expand its international route network, having launched a new direct flight from Beijing Daxing to Istanbul[19]. - The company aims to enhance its brand service with the launch of the upgraded "Southern Airlines Express" service[20]. Safety and Awards - The company received the highest safety award in civil aviation in China, the "Diamond Three-Star Award for Flight Safety," in January 2024[6]. - The group achieved a total of 2.842 million safe flight hours during the reporting period, maintaining a leading safety level in the industry[27]. - The group has maintained a stable quality of operations and improved brand image, winning the "Best Airline Award" for six consecutive years[114]. Customer and Passenger Metrics - The number of passengers carried increased to 142,201.09 thousand, representing a growth of 127.02% from 62,637.12 thousand in 2022[13]. - The average passenger load factor improved to 78.09%, up by 11.74 percentage points from 66.35% in 2022[14]. - Passenger traffic during the summer season exceeded 26 million, surpassing pre-pandemic levels from 2019[19]. - Customer and frequent flyer numbers reached 29,000 and 99.06 million respectively, with cargo and mail transport volume increasing by 19.47% year-on-year[28]. Cargo and Mail Operations - The cargo volume transported increased by 19.47% to 1,584.92 thousand tons compared to 1,326.66 thousand tons in 2022[13]. - Cargo and mail revenue decreased by 26.86% to RMB 15,275 million in 2023, down from RMB 20,884 million in 2022[47]. - The average revenue per available ton kilometer decreased by 33.57% to RMB 1.88, indicating challenges in the cargo segment[15]. Digital Transformation and Innovation - The group is advancing digital transformation with a new IT architecture, promoting automated flight scheduling[30]. - The company has established a digital operation and management model focusing on five key business areas, enhancing operational efficiency and service quality[44]. - The group added 115 new national authorized patents during the reporting period, enhancing its technological innovation capabilities[31]. Future Outlook and Plans - The company aims to establish a world-class airline by 2025, focusing on core air transport operations and collaborative development with pillar industries[42]. - The company plans to deliver a total of 82 aircraft in 2024, with a projected fleet size of 948 by year-end[94]. - The company plans to enhance market competitiveness by improving customer engagement and expanding product offerings, while also transitioning to a full-value chain logistics service provider[90]. - The company anticipates global economic growth of 3.1% in 2024, with a resilient and vibrant Chinese economy supporting its strategic objectives[88]. Share Issuance and Capital Structure - The company plans to issue up to 5,436,269,319 new A-shares, raising a total of up to RMB 17,500 million for purchasing new aircraft and supplementing working capital[153]. - The company will also issue up to 855,028,969 new H-shares, raising up to HKD 2,900 million for general operating funds[153]. - The total number of shares as of December 31, 2023, is 18,120,906,806, with 803,571,428 shares subject to limited sale conditions, representing 4.43% of total shares[163]. - The company has received necessary approvals for the issuance of A-shares and H-shares from relevant authorities[157]. Employee Metrics - As of December 31, 2023, the total number of employees in the group is 99,468, an increase of 1,569 from 97,899 on December 31, 2022, representing a growth of approximately 1.6%[198]. - The breakdown of employees by category includes 11,590 pilots, 40,314 service staff, 6,809 management, 1,414 operations, 12,080 technical staff, 1,640 information technology, 4,620 marketing, 14,853 comprehensive roles, and 6,148 functional roles, totaling 99,468 employees[200].
中国南方航空股份(01055) - 2023 - 年度财报