China Southern Airlines reported a net profit of CNY3.85 billion ($593 million) in 2015, more than doubled from a net income of CNY1.77 billion in 2014. Full-year operating revenue rose 3% to CNY 111.47 billion while operating expenses fell 3.7% to CNY91.38 billion. The Guangzhou-based carrier credited lower fuel prices and the rapid growth of outbound travel as main reasons for the much-improved performance. Passenger boardings increased 8.4% to 109.4 million with an average load ...

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