China Southern expands codeshare: what it means for China Southern stock

Published on 10/07/2026 at 00:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue hit RMB 94.7 billion in the first half of 2026, up 9.72 percent. China Southern stock's prior close was EUR 0.32 on October 5, 2026.

China Southern, CNE1000002T6, Illustration mit AI erstellt.

China Southern Airlines (ISIN CNE1000002T6) will expand its codeshare partnership with Malaysia Airlines to five additional Malaysia-China routes from October 25, 2026, according to TTG Asia on October 2, 2026. The expansion adds links from Kuala Lumpur to Shenzhen, Changsha, Xiamen, Chengdu Tianfu and Zhengzhou.

Five routes broaden the network

The new codeshare routes extend a partnership that began with Kuala Lumpur-Guangzhou service in July 2023 and later added Beijing Daxing, Shanghai Pudong and Penang-Guangzhou links. China Southern also increased capacity on its Kuala Lumpur-Guangzhou and Kuala Lumpur-Shenzhen routes in 2026, giving the agreement a broader role in international network planning.

The timing matters because network growth is arriving alongside a difficult earnings picture. Moomoo reported that operating revenue rose 9.72 percent year over year to RMB 94.7 billion in the first half of 2026, while the net loss attributable to shareholders widened to RMB 3.7 billion from RMB 1.5 billion.

Fuel costs remain the key counterweight

Operating expenses reached RMB 99.3 billion in the first half of 2026, up 17.01 percent year over year, and aviation fuel costs climbed 37.67 percent to RMB 34.9 billion. Fuel therefore absorbed 51.25 percent of operating expenses, while net operating cash inflow fell 10.48 percent year over year to RMB 10.5 billion.

Passenger revenue still increased 8.76 percent to RMB 79.5 billion in the first half of 2026, and international passenger traffic volume grew 13.29 percent. That contrast puts the codeshare expansion in perspective: additional routes can support network utilization, but profitability depends on whether revenue growth can outpace fuel and operating-cost inflation.

Prior close remains EUR 0.32

The prior close at Lang & Schwarz was EUR 0.32 on October 5, 2026. China Southern Airlines is listed on the Shanghai Stock Exchange under ticker 600029, with a market capitalization of CNY 89.2 billion as of September 30, 2026 and a 52-week range of CNY 4.79 to CNY 8.46. The further course of trading is shown by the continuously updated real-time quote of China Southern stock.