China Southern Airlines reported a first-half net loss of CNY1 billion ($162 million), reversed from a net profit of CNY302 million in the year-ago period. The Guangzhou-based carrier had predicted the net loss in its preliminary earnings statement released in July. It attributed the losses to the slow recovery of domestic market demand (especially in the Southeast Asian market and Xinjiang market), overcapacity, high-speed rail competition and yuan depreciation. First-half operating revenue ...

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