Air China and China Southern Airlines were impacted by higher fuel prices in the 2017 first half as the two carriers reported year-over-year (YOY) six-month net profit decreases of 3.8% and 11.6%, respectively, to CNY3.3 billion ($486 million) and CNY2.8 billion. Beijing-based Air China’s 1H operating revenue rose 8.7% YOY to CNY58.2 billion while operating expenses rose 15.8% to CNY47.7 billion. Fuel costs jumped 40.1% YOY to CNY13.6 billion during the period. Guangzhou-based China ...

Subscribe to Access this Entire Article

"Higher fuel prices drive down Air China, China Southern 1H profits" 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.