China Southern Airlines reported a 2017 net profit of CNY5.9 billion ($906 million), up 17% over net income of CNY5.1 billion in 2016, as market demand and exchange rates increase. Operating revenue for the year rose 11.1% to CNY127.5 billion. Passenger revenue rose 10% to a record high of CNY112.8 billion; cargo revenue jumped 26.3% to CNY9.1 billion. Operating expenses grew 16% to CNY111.7 billion; fuel costs rose 34% to CNY31.9 billion. Passenger boardings increased 10.2% to 126.3 ...

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