China Southern Loses More Than $65 Million In 1998
China Southern Airlines and its subsidiaries lost 544 million renminbi (US$65.7 million) during 1998 as competition and foreign exchange losses increased and yields dropped. The group of Chinese carriers, led by China Southern, posted a 7.6% decline in revenue to RMB 11.8 billion ($1.4 billion). It...
Subscription Required
This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.
Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.
Already an AWIN subscriber? Login
Did you know? Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.
Related Content
