China Southern Airlines yesterday reported its first full-year loss in three years, a CNY4.82 billion ($704.1 million) deficit that represented a reversal from the CNY1.84 billion profit reported in 2007 The airline had warned last month that its loss would be deeper than expected (ATWOnline, March 16), and a 1.6% year-over-year rise in revenue to CNY54.40 billion was not nearly enough to offset high fuel prices, the spring Sichuan earthquake, slowing demand and impairment charges related to ...

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