China Southern Airlines Company (ZNH) FCF conversion US GAAP (year values)

FY2017 FY2018 FY2019 FY2020 FY2021   LTM ? 5 years average
FCF conversion, % 17.7% -40.2% 45.0% -51.9% -57.2%   292.8%  
Changes by years, y/y, % -6pp -58pp +85pp -97pp -5pp     -17%

China Southern Airlines Company. FCF conversion, %

China Southern Airlines Company. FCF conversion, changes, pp

China Southern Airlines Company (ZNH) FCF conversion US GAAP (quarter values)

FY2021Q2 FY2021Q3 FY2021Q4 FY2022Q2 FY2022Q3   LTM ?
FCF conversion, % -160.8% 509.6% 69.9% -14 898%   292.8%
Changes by years, y/y, % -217pp +560pp -35pp +161pp -15 408pp    
Changes by quarters, q/q, % -265pp +670pp -440pp -70pp    

China Southern Airlines Company. FCF conversion, %

China Southern Airlines Company. FCF conversion, changes, pp

China Southern Airlines Company. FCF conversion, changes, pp