Summary by Moomoo AI
China Southern Airlines Co., Ltd. (China Southern) announced its interim financial report on June 30, 2024, showing the company's operating income of RMB 84.79 billion, an 18.04% increase from the same period last year. Despite the increase in income, the company still recorded a net loss of RMB 1.054 billion, a decrease from RMB 2.877 billion in the same period last year. The net cash inflow from operating activities was RMB 12.893 billion, the net cash outflow from investment activities was RMB 9.776 billion, and the net cash outflow from financing activities was RMB 3.09 billion. In addition, China Southern Airlines conducted a series of financial activities during the reporting period, including issuing convertible corporate bonds and medium-term notes, and engaging in multiple related party transactions with China Southern Airlines Group and its affiliates.
