China Southern’s 2011 profit drops 11.8% on fuel prices, weak cargo growth

China Southern Airlines A380. Courtesy, Airbus China Southern Airlines (CZ) reported a 2011 net income of CNY5.11 billion ($805.7 million), down 11.8% from CNY5.79 billion in 2010, due to high fuel prices and weak cargo growth. Operating revenue increased 18.2% to CNY90.39 billion while expenses...

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