BEIJING/HONG KONG, March 30 (Reuters) - China Southern Airlines (600029.SS) (1055.HK) on Monday reported a net profit of 857 million yuan ($124.01 million) for 2025, returning to the black for the first time since 2019, as it benefited from operational improvements and tighter cost controls.
The Guangzhou-based carrier’s full-year profit was within the company’s January guidance range of 800 million yuan to 1 billion yuan and compared with a net loss of 1.7 billion yuan in 2024.
It was the only one of China’s “Big 3” state-owned airlines to report a full-year net profit in 2025.
In its earnings guidance, the airline said the industry still faced a challenging external environment, supply-chain tightness and rising prices for aircraft, aviation materials and engines. But the carrier said it had improved its performance by optimising passenger and cargo capacity allocation and strengthening cost controls. ($1 = 6.9105 Chinese yuan renminbi)

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China Southern returns to profit in 2025 after five years of losses