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China Southern Airlines Reports Financial Results for January-September 2023

China Southern Airlines has released its financial performance for the first nine months of 2023, covering the period from January to September. The airline reported a significant turnaround in its financial standing compared to the same period in the previous year.

Financial Performance Overview

During the first three quarters of 2023, China Southern Airlines achieved a net profit attributable to shareholders of equity of RMB 12.56 billion. This marks a substantial improvement from the net loss of RMB 16.02 billion recorded in the same period of 2022.

The company’s operating revenue also saw a considerable increase, reaching RMB 124.25 billion for the January-September period in 2023. This is up from RMB 80.87 billion reported for the corresponding period in 2022.

Key Financial Metrics

The airline’s financial statements indicate a strong recovery in its business operations. Earnings per share for the period were RMB 0.81, a significant rise from the negative earnings per share of RMB 1.05 in the first nine months of 2022.

Operational Highlights

While the article focuses on financial results, it highlights a positive trajectory for China Southern Airlines in the current fiscal year. The reported figures suggest a rebound in air travel demand and improved operational efficiency contributing to the airline’s profitability.

Key Points

• Net profit attributable to shareholders of equity: RMB 12.56 billion (January-September 2023)
• Net loss: RMB 16.02 billion (January-September 2022)
• Operating revenue: RMB 124.25 billion (January-September 2023)
• Operating revenue: RMB 80.87 billion (January-September 2022)
• Earnings per share: RMB 0.81 (January-September 2023)
• Earnings per share: RMB 1.05 (negative) (January-September 2022)

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