China Southern Airlines posted a net profit of CNY1.88 billion ($249.5 million) in the third quarter, up 49% from the CNY1.29 billion earned in the year-ago quarter, on a 16.9% lift in operating revenue to CNY16.5 billion and a 10.2% increase in expenses to CNY12.33 billion. Concurrent with the earnings announcement, the company said it sealed a deal to purchase 10 A330-200s, which will be delivered from March 2010 to August 2012. Each costs $167.7-$176.7 million at catalog prices, but CZ ...

Subscribe to Access this Entire Article

"China Southern reports 49% profit increase, buys 10 A330-200s" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.