Air China 737-800. Courtesy, Boeing Air China (CA) and China Southern Airlines (CZ) saw their first-quarter income plunge due to high fuel prices and the slowing of yuan appreciation, according to carrier statements released by Shanghai Stock Exchange. CA reported first-quarter net income of CNY239 million ($37.8 million), down 85.7% over CNY1.67 billion in the year-ago quarter. Operating revenue increased 7.7% to 22.9 billion against an increase of 16.9% in operating expenses to ...

Subscribe to Access this Entire Article

"Air China, China Southern 1Q earnings plummet" 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?

Already registered? here.