China Southern Airlines : 2023 Interim Results Announcement （IFRS）

H Share Stock Code: 1055 · A Share Stock Code: 600029

2023 中 期 业 绩

Interim Results

Presentation Team

Mr. Han Wensheng	Vice Chairman, President
Mr. Yao Yong	Executive Vice President, Chief Accountant,
CFO
Mr. Chen Weihua	Company Secretary, General Counsel
Mr. Wang Zhen	Director of the Commercial Steering
Committee
Mr. Pi Wenhui	Senior Vice President, Strategic Planning &
Investment Division
Ms. Mao Juan	Senior Vice President, Finance Division
Mr. Liu Zubin	Chairman, China Southern Air Logistics Co.,
Ltd.

2023Interim Results

H Share Stock Code: 1055 · A Share Stock Code: 600029

CONTENTS

1. Industry Overview
2. Business Overview
3. Financial Highlights
4. Future Prospect Q&A

H Share Stock Code: 1055 · A Share Stock Code: 600029

01

Industry Overview

2023 Interim Results

Macro-Perspective

Macroeconomic Uncertainties

01 Global Economic Challenges

The International Monetary Fund has revised its projection for global economic growth to 3.0%, Nevertheless, this growth remains historically feeble.

02 Fragile Foundation of Domestic Economic Revival

1H2023 witnessed a positive trajectory in the domestic economy. However, major economic indicators experienced fluctuations, and market confidence still lacks solidity.

03 Persistent Cost-Related Pressures

The U.S. Department of Energy predicts that in the second half of 2023, Brent oil prices will remain at an average of $86 per barrel.

2023Interim Results