China Southern Airlines (600029)

China Southern Airlines (600029)

China Southern Airlines (hereinafter referred to as China Southern Airlines), headquartered in Guangzhou, was officially established on February 1, 1991. With the blue vertical tail inlaid with red kapok as the company logo, it is the airline with the largest number of transport aircraft, the most developed route network and the largest annual passenger volume in China. The annual passenger volume of China Southern Airlines ranks first in Asia and third in the world; its fleet size ranks first in Asia and fourth in the world, and it is the first airline in the world to operate both Airbus A380 and Boeing 787. It has the largest number of flights, the most intensive route network and the largest annual passenger volume in China. [3]

In 2016, the company's revenue was 114.79 billion yuan, a year-on-year increase of 2.95%; its net profit was 5.055 billion yuan, a year-on-year increase of 29.88% [4]. In 2016, the passenger volume of China Southern Airlines was 114.6 million person times, with a year-on-year increase of 4.75% [5], ranking first in Asia and third in the world [1]; the accumulated freight volume was 1.5115 million tons, with a year-on-year increase of 5.44%, and the revenue of cargo and mail business was 6.861 billion yuan. 58 B777-300ER and B787 aircraft were introduced. By the end of the year, the group had 700 aircraft, ranking first in Asia and fourth in the world. In August 2016, China Southern Airlines ranked 127th in the "2016 top 500 Chinese enterprises". [6]

In October 2018, China Southern Airlines Group Co., Ltd. was listed on Forbes' list of the world's best employers in 2018. On November 15, China Southern Airlines announced that it would withdraw from Trina Solar from 2019, and [7] would complete the transition work on December 31, 2019, and formally withdraw from Trina Solar from January 1, 2020. On September 1, 2019, the list of top 500 Chinese service enterprises in 2019 was released in Jinan, and China Southern Airlines Group Co., Ltd. ranked 55th. [9] In April 2020, it was selected into the list of "science and technology reform demonstration enterprises" of SASAC of the State Council. [10]

As of January 2021, the total fleet size of China Southern Airlines has reached 636.

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