{"id":144898,"date":"2023-10-27T12:30:56","date_gmt":"2023-10-27T12:30:56","guid":{"rendered":"https:\/?p=144898"},"modified":"2023-10-27T21:55:18","modified_gmt":"2023-10-27T21:55:18","slug":"air-china-and-china-southern-post-first-quarterly-profit-after-years-of-losses","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2023\/10\/air-china-and-china-southern-post-first-quarterly-profit-after-years-of-losses.html","title":{"rendered":"Air China and China Southern post first quarterly profit after years of losses"},"content":{"rendered":"

China Southern Airlines<\/strong> posted its first quarterly profit in more than three years on Friday as an increase in international flights complemented a recovery in its domestic market.<\/p>\n

The result, coupled with similarly encouraging figures from Air China<\/strong>, is helping to fuel industry hopes that the big three state-owned airlines will finally return to profit in the second half of 2023 after years of losses caused by the COVID-19 pandemic.<\/p>\n

China Southern posted a third-quarter profit of 4.2 billion yuan ($573.89 million), compared with a loss of 1 billion yuan in the previous quarter and a loss of 6.1 billion yuan in the same quarter a year earlier.<\/p>\n

Air China posted a net profit of 4.24 billion yuan in the third quarter, compared with a loss of 600 million yuan in the year-ago quarter and 8.67 billion yuan in the year-ago period.<\/p>\n

The third of the state-owned carriers, China Eastern Airlines, will present its results on Monday.<\/p>\n

\u2192 China Eastern Airlines to buy 100 additional C919 planes<\/a><\/strong><\/em><\/p>\n

The aviation regulator delivered another piece of good news on Friday: the number of air passengers in the third quarter reached 180 million, up 2.6% from 2019, before the pandemic, and a record for any quarter in history.<\/p>\n

However, the number of international flights, especially to developed countries, is still noticeably lower than in 2019, said Li Hanming, an independent Chinese aviation expert.<\/p>\n

“Those routes are the most lucrative,” Li said.<\/p>\n

Air China and China Southern did not provide a breakdown of revenue contributions from domestic and international travel.<\/p>\n

While domestic travel rebounded quickly to pre-2019 levels after the government abandoned its zero COVID policy late last year, international flights have only gradually increased.<\/p>\n

The number of international flights with China remains between 50% and 60% of what it was before the pandemic, according to data from the Flight Master tracking application.<\/p>\n

With information from Reuters<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"China Southern Airlines posted its first quarterly profit in more than three years on Friday as an increase…\n","protected":false},"author":4316,"featured_media":107123,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","footnotes":""},"categories":[1],"tags":[603,600,642,230,197,465,448,583],"class_list":{"0":"post-144898","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-airlines","8":"tag-aerolinea-en-2","9":"tag-aerolineas-en-2","10":"tag-air-china-2","11":"tag-airline","12":"tag-airlines","13":"tag-asia-2","14":"tag-china-2","15":"tag-china-southern-2"},"uagb_featured_image_src":{"full":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/03\/Air-China-A320.jpg",800,400,false],"thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/03\/Air-China-A320-150x150.jpg",150,150,true],"medium":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/03\/Air-China-A320-300x150.jpg",300,150,true],"medium_large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/03\/Air-China-A320-768x384.jpg",768,384,true],"large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/03\/Air-China-A320.jpg",800,400,false],"1536x1536":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/03\/Air-China-A320.jpg",800,400,false],"2048x2048":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/03\/Air-China-A320.jpg",800,400,false],"pk-small":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/03\/Air-China-A320.jpg",80,40,false],"pk-thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/03\/Air-China-A320.jpg",300,150,false],"csco-small":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/03\/Air-China-A320-80x80.jpg",80,80,true],"csco-intermediate":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/03\/Air-China-A320-200x140.jpg",200,140,true],"csco-thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/03\/Air-China-A320-380x220.jpg",380,220,true],"csco-thumbnail-alternative":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/03\/Air-China-A320-300x180.jpg",300,180,true],"csco-thumbnail-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/03\/Air-China-A320-380x190.jpg",380,190,true],"csco-medium":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/03\/Air-China-A320.jpg",800,400,false],"csco-medium-alternative":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/03\/Air-China-A320-560x336.jpg",560,336,true],"csco-medium-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/03\/Air-China-A320.jpg",800,400,false],"csco-large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/03\/Air-China-A320.jpg",800,400,false],"csco-large-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/03\/Air-China-A320.jpg",800,400,false],"csco-extra-large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/03\/Air-China-A320.jpg",800,400,false]},"uagb_author_info":{"display_name":"Redacci\u00f3n - Aviaci\u00f3n al D\u00eda","author_link":"https:\/\/aviacionaldia.com\/en\/author\/aad"},"uagb_comment_info":0,"uagb_excerpt":"China Southern Airlines posted its first quarterly profit in more than three years on Friday as an increase…","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/144898","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/users\/4316"}],"replies":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/comments?post=144898"}],"version-history":[{"count":1,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/144898\/revisions"}],"predecessor-version":[{"id":144899,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/144898\/revisions\/144899"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/media\/107123"}],"wp:attachment":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/media?parent=144898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/categories?post=144898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/tags?post=144898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}