China Southern’s net profit drops 28% in 2013

Credit: Courtesy, Airbus
China Southern Airlines has reported a net profit of CNY1.89 billion ($307 million) for 2013, down 28% compared to a net income of CNY2.63 billion in 2012 . Operating revenue decreased 3.3% to CNY98.1 billion while expenses rose 1.3% to CNY87.06 billion. The Guangzhou-based carrier attributed the...

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