China Southern Airlines’ parent China Southern Group transported 115 million passengers in 2016, up 4.8% over 2015. The Group reported a 3.2% increase in operating revenue to CNY115.8 billion (16.7 billion) and a “record high profit,” although the company did not disclose figures. Industry analysts credited low fuel prices and continuous market demand growth as main reasons for the improvement, despite airfare declines on international routes resulting from fierce ...

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