CHINA SOUTHERN AIRLINES COMPANY LIMITED 2020 中国南方航空 年 度 业 绩
Annual Results
(International Financial Reporting Standards)
Contents
- Industry Overview
- Business Overview
- Financial Highlights
- Future Prospects
01
Industry Overview
Unfavorable Factors in 2020
Global outbreak of | The pandemic triggersa global |
economic recession | |
Covid-19 | |
In 2020, more than 80 million | The IMF warned that the globaleconomy |
confirmed cases of coronavirus | was expected to shrink by 3.5%in 2020. |
were detected worldwide. |
2020 Annual Results
Aviation industry is
facing a crisis
Accordingto the statistics releasedby IATA, the total number of global passengers in 2020 down by 60%.
Favorable Factors in 2020
China was the world's fastest recovering and best performing aviation market in 2020
Recovery of passenger traffic leads the world
China's civil aviation sector handled 420 million passenger trips in 2020, which was 63.3% of that in 2019.
Oil Price and exchange rate benefits the industry
In 2020, the average price of Brent crude oil decreased by 32.69% YoY, while the yuan's central parity exchange rate against the US dollar rose by 6.47%.
Outstanding performance in cargo and mail transportation
The domestic transport of cargo and mail hit 6.77 million tonnesin 2020, or 89.8% of that in 2019.
2020 Annual Results
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original document
- Permalink
Disclaimer
China Southern Airlines Company Ltd. published this content on 13 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 April 2021 03:44:00 UTC.
