China Southern Airlines Posts First Annual Profit Since 2019

China Southern Airlines announced Monday it has achieved profitability for the first time in five years, posting earnings of 857 million yuan ($124.01 million) for 2025.

The airline, headquartered in Guangzhou, saw its annual earnings fall within its projected range of 800 million to 1 billion yuan that company officials forecast in January. This marks a dramatic turnaround from the previous year’s deficit of 1.7 billion yuan in 2024.

Among China’s three major government-owned airlines, China Southern stands alone as the only carrier to achieve positive earnings for the full year 2025.

According to the company’s financial report, the aviation sector continues to navigate difficult market conditions, including supply chain constraints and increasing costs for aircraft purchases, aviation supplies, and engine components. However, China Southern managed to enhance its financial performance through strategic adjustments to passenger and freight capacity distribution while implementing stricter expense management practices.