China Southern 1H profit declines 21% on challenging environment

Credit: Rob Finlayson
China Southern Airlines saw its 2019 first-half net profit fall 21% to CNY1.7 billion ($247.5 million), as it navigates a challenging economic environment. The Guangzhou-based airline reported a first-half revenue of CNY73 billion, up 8% year-over-year (YOY). Operating costs rose 7.2% YOY to CNY64.4...

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