Asia PacificAviation News

China Southern Airlines records huge profit decline in Q1

China Southern Airlines records huge profit decline in Q1

BEIJING – China Southern Airlines, the country’s biggest carrier by passenger volume, said Saturday its net profits slumped 42.44 percent year on year to 1.55 billion yuan ($220 million) in the first quarter of 2017.
In a report filed to the Shanghai Stock Exchange, the airline attributed its profit drop to rising global fuel prices in the three-month period.
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