ZNH - China Southern Airlines traffic declined 34% in December

China Southern Airlines (ZNH) +4.9% premarket, passenger capacity decreased by 23.9% Y/Y. Passenger capacity for domestic -9.54%, regional -84.25% and international -90.94%.Revenue passenger kilometres dropped by 34.1% Y/Y. Passenger traffic for domestic -4.02%, regional -93.34% and international -94.66%.Load factor down 1,092 bps to 70.49%.Crgo capacity  decreased by 0.46% Y/Y.In December 2020, the company launched the following major routes: Shenzhen-Changchun-Changbai Mountain-Changchun-Shenzhen, Huhhot-Chifeng-Huhhot, Quanzhou-Maotai-Quanzhou.

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China Southern Airlines traffic declined 34% in December