Transportation
China Southern Airlines Co. Ltd.
In the news
- Chinese airlines plug 'all you can fly' deals to revive travel Jul 28, 2020
- Private carriers lead China's aviation rebound from coronavirus Jul 21, 2020
- China's homegrown jet hits turbulence from US trade war Jul 14, 2020
- Governance group questions role of Cathay bailout 'observers' Jun 26, 2020
- Flying to China still a challenge as restrictions extended May 26, 2020 See more articles on 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 2020 | HKD | USD |
| Revenue | 104,010.18M | 13,410.29M |
| Gross Profit | -1,828.24M | -235.72M |
| Operating income | -14,146.17M | -1,823.90M |
| Income before tax | -16,549.75M | -2,133.80M |
| Net income | -12,188.70M | -1,571.52M |
| EBITDA | 13,412.40M | 1,729.29M |
| Diluted EPS | -0.77 | -0.09 |
| Dividends Per Share | 0 | 0 |
| Total Assets | 386,972.81M | 49,907.18M |
| Total liabilities | 285,766.56M | 36,854.79M |
| Total equity | 82,501.59M | 10,640.08M |
| Operating cash flow | 3,432.88M | 442.61M |
| Currency in HKD | Currency in USD |
Historical Data
| Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | |
| Revenue | 134,345.92M | 147,371.42M | 170,114.82M | 174,988.25M | 104,010.18M |
| Gross Profit | 22,864.78M | 19,663.59M | 19,371.74M | 22,173.73M | -1,828.24M |
| Operating income | 10,853.43M | 6,245.11M | 4,004.63M | 6,499.60M | -14,146.17M |
| Income before tax | 8,237.35M | 9,621.35M | 4,620.55M | 4,371.24M | -16,549.75M |
| Net income | 5,893.50M | 6,873.55M | 3,428.99M | 2,993.53M | -12,188.70M |
| EBITDA | 25,362.86M | 21,192.58M | 20,550.27M | 34,340.66M | 13,412.40M |
| Diluted EPS | 0.51 | 0.60 | 0.27 | 0.21 | -0.77 |
| Dividends Per Share | 0.11 | 0.12 | 0.05 | 0 | 0 |
| Total Assets | 223,621.39M | 262,559.00M | 281,610.05M | 343,328.24M | 386,972.81M |
| Total liabilities | 162,287.89M | 187,300.68M | 192,030.44M | 256,580.05M | 285,766.56M |
| Total equity | 48,481.31M | 59,945.43M | 74,416.28M | 71,708.67M | 82,501.59M |
| Operating cash flow | 27,970.77M | 20,702.52M | 18,555.65M | 35,670.74M | 3,432.88M |
| Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | |
| Revenue | 17,307.13M | 18,911.18M | 21,705.11M | 22,333.60M | 13,410.29M |
| Gross Profit | 2,945.55M | 2,523.29M | 2,471.65M | 2,830.01M | -235.72M |
| Operating income | 1,398.19M | 801.39M | 510.95M | 829.53M | -1,823.90M |
| Income before tax | 1,061.17M | 1,234.64M | 589.54M | 557.89M | -2,133.80M |
| Net income | 759.23M | 882.03M | 437.50M | 382.06M | -1,571.52M |
| EBITDA | 3,267.37M | 2,719.50M | 2,622.02M | 4,382.87M | 1,729.29M |
| Diluted EPS | 0.06 | 0.07 | 0.03 | 0.02 | -0.09 |
| Dividends Per Share | 0.01 | 0.01 | 0.00 | 0 | 0 |
| Total Assets | 28,842.65M | 33,586.91M | 35,968.51M | 44,062.76M | 49,907.18M |
| Total liabilities | 20,931.86M | 23,959.76M | 24,526.99M | 32,929.49M | 36,854.79M |
| Total equity | 6,253.11M | 7,668.30M | 9,504.78M | 9,203.09M | 10,640.08M |
| Operating cash flow | 3,603.33M | 2,656.61M | 2,367.53M | 4,552.62M | 442.61M |
Valuation Measures
| Dec 2020 | |
| PER | -- |
| ROA | -3.33% |
| ROE | -15.80% |
| Operating margin | -13.60% |
| Profit margin | -11.71% |
Key executives
- Chairman & Chief Executive Officer: Xu Lun Ma
- Vice Chairman & President: Wen Sheng Han
- Chief Operating Officer: Hai Long Zhu
- EVP, Chief Accountant & Financial Officer: Yong Yao
- Executive Vice President: Ji Dong Ren
Shareholders
- China State-Owned Assets Supervision & Admn Commission (53.3%)
- American Airlines Group, Inc. (6.3%)
- GF Fund Management Co., Ltd. (1.6%)
- The Vanguard Group, Inc. (1.3%)
- Huashang Fund Management Co., Ltd. (1.0%)
- Norges Bank Investment Management (1.0%)
- Dimensional Fund Advisors LP (0.9%)
- BlackRock Fund Advisors (0.6%)
- FIL Investment Management (Hong Kong) Ltd. (0.4%)
- The Caisse de depot et placement du Quebec (0.3%)
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
- PT Garuda Indonesia (Persero) Tbk Class B
- China Eastern Airlines Corporation Limited Class H
- Spring Airlines Co., Ltd. Class A
- PAL Holdings, Inc.
- Air China Limited Class H
- Thai Airways International Public Co. Ltd.
- Qantas Airways Limited
- Cathay Pacific Airways Limited
- Eva Airways Corporation
- Singapore Airlines Ltd.
- Delta Air Lines, Inc.
- Deutsche Lufthansa AG
- Vietnam Airlines JSC
- United Airlines Holdings, Inc.
- Finnair Oyj
- China Airlines Ltd.
- Juneyao Airlines Co., Ltd. Class A
- Safran S.A.
Copyright © 2021 FactSet Research Systems Inc. All rights reserved.
Last Updated on 15 Oct, 2021
Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.