ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintSite TitleTitle ChevronIcon Twitter
Transportation

China Southern Airlines Co. Ltd.

Company Background

China Southern Airlines is one of the top three Chinese carriers, alongside Air China and China Eastern Airlines. By sales and passenger numbers in 2014, it ranked No. 1.

China Southern in 2014 carried more than 100 million passengers for the first time. As of April 2015, it had 474 aircraft in its fleet.

The airline is based at Guangzhou Baiyun International Airport in Guangzhou, Guangdong Province. It was established in 1995 and listed on the Hong Kong Exchanges and Clearing in 1997.

The airline is expanding internationally. Its strength is in the Asia-Pacific region, flying to popular destinations such as Bangkok and other parts of Southeast Asia, as well as Japan, Australia and New Zealand. Last year, the airline served 1,052 destinations in 177 countries and regions, including code shares.

China Southern's subsidiaries include Xiamen Airlines, Shantou Airlines, Guizhou Airlines, Zhuhai Airlines, Chongqing Airlines and Henan Airlines. It is a member of SkyTeam, an alliance led by U.S. carrier Delta Air Lines.

Business Summary

China Southern Airlines Co. Ltd. engages in the provision of domestic, international, and regional scheduled and unscheduled air transportation of passenger, cargo, mail and baggage, general aviation, and aircraft maintenance. The company operates through the following segments: Airline Transportation Operations and Other segments. The Airline Transportation Operations segment engages in the passenger and cargo and mail operations. The other segment includes hotel and tour operation, ground services, cargo handling and other miscellaneous services. The company was founded on March 25, 1995 and is headquartered in Guangzhou, China.

Financial Highlights

Dec 2019 HKDUSD
Revenue174,988.25M22,333.60M
Gross Profit22,173.73M2,830.01M
Operating income6,499.60M829.53M
Income before tax4,371.24M557.89M
Net income2,993.53M382.06M
EBITDA34,340.66M4,382.87M
Diluted EPS0.240.03
Dividends Per Share00
Total Assets343,328.24M44,062.76M
Total liabilities256,580.05M32,929.49M
Total equity71,708.67M9,203.09M
Operating cash flow35,670.74M4,552.62M
Currency in HKDCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 137,720.58M 134,345.92M 147,371.42M 170,114.82M 174,988.25M
Gross Profit 26,001.77M 22,864.78M 19,663.59M 19,371.74M 22,173.73M
Operating income 13,426.43M 10,853.43M 6,245.11M 4,004.63M 6,499.60M
Income before tax 6,845.81M 8,237.35M 9,621.35M 4,620.55M 4,371.24M
Net income 4,608.28M 5,893.50M 6,873.55M 3,428.99M 2,993.53M
EBITDA 28,037.01M 25,362.86M 21,192.58M 20,550.27M 34,340.66M
Diluted EPS 0.46 0.60 0.69 0.31 0.24
Dividends Per Share 0.09 0.11 0.12 0.05 0
Total Assets 221,978.97M 223,621.39M 262,559.00M 281,610.05M 343,328.24M
Total liabilities 162,752.43M 162,287.89M 187,300.68M 192,030.44M 256,580.05M
Total equity 46,600.43M 48,481.31M 59,945.43M 74,416.28M 71,708.67M
Operating cash flow 29,381.50M 27,970.77M 20,702.52M 18,555.65M 35,670.74M
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 17,764.49M 17,307.13M 18,911.18M 21,705.11M 22,333.60M
Gross Profit 3,353.95M 2,945.55M 2,523.29M 2,471.65M 2,830.01M
Operating income 1,731.86M 1,398.19M 801.39M 510.95M 829.53M
Income before tax 883.03M 1,061.17M 1,234.64M 589.54M 557.89M
Net income 594.41M 759.23M 882.03M 437.50M 382.06M
EBITDA 3,616.47M 3,267.37M 2,719.50M 2,622.02M 4,382.87M
Diluted EPS 0.06 0.07 0.08 0.04 0.03
Dividends Per Share 0.01 0.01 0.01 0.00 0
Total Assets 28,641.89M 28,842.65M 33,586.91M 35,968.51M 44,062.76M
Total liabilities 20,999.90M 20,931.86M 23,959.76M 24,526.99M 32,929.49M
Total equity 6,012.84M 6,253.11M 7,668.30M 9,504.78M 9,203.09M
Operating cash flow 3,789.90M 3,603.33M 2,656.61M 2,367.53M 4,552.62M

Valuation Measures

Dec 2019
PER19.19
ROA0.95%
ROE4.09%
Operating margin3.71%
Profit margin1.71%

Key executives

  • Vice Chairman, President & Chief Executive Officer: Xu Lun Ma
  • Chief Financial Officer, Chief Accountant & EVP: Li Xin Xiao
  • Executive Vice President: Ji Dong Ren
  • Executive Vice President: Zheng Rong Zhang
  • Executive Vice President: Zhi Xue Wang

Shareholders

  • China State-Owned Assets Supervision & Admn Commission (53.3%)
  • American Airlines Group, Inc. (6.3%)
  • Government of Qatar (4.2%)
  • The Vanguard Group, Inc. (1.5%)
  • Dimensional Fund Advisors LP (1.0%)
  • US Global Investors, Inc. (Asset Management) (0.7%)
  • Norges Bank Investment Management (0.7%)
  • FIL Investment Management (Hong Kong) Ltd. (0.5%)
  • BlackRock Fund Advisors (0.5%)
  • First Seafront Fund Management Co., Ltd. (0.2%)

Contact Details

  • Website:http://www.csair.com
  • Address: China Southern Airlines Building, 68 Qixin Road, Guangzhou, 510403, China
  • Phone: +86.20.86124462

Related Companies

  • Southern Airlines Freight & Logistic (Guangzhou) Co., Ltd.
  • China Southern Airlines Xiong'an Airlines Co., Ltd.
  • China Southern Airlines Co., Ltd. (India)
  • Guangzhou Baiyun International Logistics Co. Ltd.
  • Southern Airlines General Aviation Co., Ltd.
  • China Southern Airlines Henan Airlines Co., Ltd.
  • Shantou Airlines Co., Ltd.
  • Southern Airlines Group Import & Export Trading Co.
  • China Southern Airlines Co. Ltd. (Australia)
  • Tian He Information Technology Co., Ltd.
  • China Southern Airlines Group Passenger & Cargo Agent Co. Ltd.
  • China Southern Zhuhai Helicopter Co.
  • Guanxi Airlines Co. Ltd.
  • China Southern West Australian Flying College Pty Ltd.
  • Southern Airlines Group Shantou Airlines Co., Ltd.
  • Zhuhai Xiang Yi Aviation Technology Co., Ltd.
  • Beijing China Southern Airlines Ground Services Co., Ltd.
  • Nan Lung International Freight Ltd.
  • Guangzhou Baiyun International Logistic Co., Ltd.
  • Guangzhou Nanland Air Catering Co., Ltd.
  • Zhuhai Airlines Co., Ltd.
  • Guizhou Airlines Co., Ltd.
  • Chongqing Airlines Co., Ltd.
  • Guangzhou Nanlian Aviation Food Co. Ltd.
  • Xiamen Airlines Co., Ltd.
  • Guangxi Airlines Co. Ltd.
  • China Xinjiang Airlines
  • China Northern Airlines
  • Southern Airlines Advertising Co.
  • Zhongyuan Airlines

Competitors

  • China Airlines Ltd.
  • PT Garuda Indonesia (Persero) Tbk Class B
  • China Eastern Airlines Corporation Limited Class H
  • Thai Airways International Public Co. Ltd.
  • Qantas Airways Limited
  • Cathay Pacific Airways Limited
  • Eva Airways Corporation
  • Singapore Airlines Ltd.
  • Air China Limited Class H
  • Delta Air Lines, Inc.
  • Deutsche Lufthansa AG
  • Vietnam Airlines JSC
  • United Airlines Holdings, Inc.
  • Finnair Oyj
  • Spring Airlines Co., Ltd. Class A
  • PAL Holdings, Inc.
  • Juneyao Airlines Co., Ltd. Class A
Last Updated on 23 Sep, 2020

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Try 1 month for $0.99

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends July 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media