China Southern Airlines annual operating margin
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
China Southern Airlines Operating Margin Growth & History (CHKIF)
China Southern Airlines's operating margin was 4.84% for fiscal 2025.
View full China Southern Airlines company overviewChina Southern Airlines annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 4.84% | +1.64 pp |
| 2024 | 2024-12-31 | 3.19% | +0.27 pp |
| 2023 | 2023-12-31 | 2.92% | +28.82 pp |
| 2022 | 2022-12-31 | −25.89% | −16.12 pp |
| 2021 | 2021-12-31 | −9.77% | +3.05 pp |
| 2020 | 2020-12-31 | −12.82% | −19.84 pp |
| 2019 | 2019-12-31 | 7.02% | +0.88 pp |
| 2018 | 2018-12-31 | 6.14% | −1.02 pp |
| 2017 | 2017-12-31 | 7.16% | −3.80 pp |
| 2016 | 2016-12-31 | 10.97% | −1.07 pp |
| 2015 | 2015-12-31 | 12.04% | — |
China Southern Airlines quarterly operating margin
Q4.24
Q1.25
Q2.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | −10.48% | −14.32 pp |
| Q1 2026 | 2026-03-31 | 5.65% | +2.17 pp |
| Q4 2025 | 2025-12-31 | −0.92% | +3.52 pp |
| Q2 2025 | 2025-06-30 | 3.85% | — |
| Q1 2025 | 2025-03-31 | 3.49% | — |
| Q4 2024 | 2024-12-31 | −4.44% | — |
China Southern Airlines operating margin trends
Over the last five fiscal years, China Southern Airlines's operating margin increased from −12.82% to 4.84%, a change of +17.65 percentage points. The latest reported quarter, Q2 2026, shows −10.48%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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