China Southern Airlines reported a net profit of CNY5.06 billion ($734 million) in 2016, up 30% over a net income of CNY3.9 billion in 2015. Operating revenue for the year rose 3% to CNY114.8 billion while operating expenses increased 5.5% to CNY96.4 billion. Industry analysts cited continuous market demand growth, lower oil prices and reduced exchange losses as main reasons for the company’s improved performance. The Guangzhou-based carrier’s fuel expenses fell 9.4% to ...

Subscribe to Access this Entire Article

"China Southern reports net profit up 30% in 2016" 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.