Summary by Moomoo AI
China Southern Airlines Co., Ltd. (the “Company”) announced its results for the year ended 31 December 2023. Operating income increased by 83.70% compared to the same period in 2022 to RMB159,929 million. Among them, transportation revenue accounted for 94.70% to RMB 151,445 million, and passenger revenue increased significantly to RMB 136,170 million. Total operating expenses were RMB 159,052 million, an increase of $43,790 million from the same period last year. The company recorded an operating profit of RMB5,557 million in 2023 and an operating loss of RMB22,542 million in 2022. The net loss was RMB2,957 million, an improvement from the net loss of RMB33,716 million in the same period last year. The Company recommends not making a cash dividend and will submit this proposal to the General Meeting for consideration. Looking ahead to 2024, the company will continue to promote high-quality development, increase market competitiveness, and strive to become a world-class air transport company in the world.