China Southern Reports Loss For 2003
Guangzhou-based China Southern Airlines posted a loss of CNY358.3 million (US$43 million) for the year ended Dec. 31, a sharp contrast to the CNY575.8 million profit made in 2002. Operating revenue was down 3.1% to CNY17.47 billion (US$2.1 billion), while operating expenses increased 6.4% to CNY17...
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