China Southern halves 2018 profit on higher expenses
Credit: Rob Finlayson
China Southern Airlines saw its 2018 annual profit shrink to CNY2.98 billion ($433 million), down 51% year-over-year (YOY), because of increased operating expenses and external economic factors. The Guangzhou-based carrier recorded a profit of CNY5.9 billion in 2017. China’s largest airline reported...
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