China Southern Airlines reported a 2009 net profit of CNY358 million ($52.5 million), reversed from a net loss of CNY4.83 billion in 2008. The Guangzhou-based carrier said its improved performance was driven by a "domestic market rebound stimulated by economic recovery in the second half of 2009." Industry analysts pointed out that a CNY3 billion "subsidy" from Beijing last year also helped CZ return to the black. Total operating revenue decreased 0.7% to CNY56.04 billion while operating ...

Subscribe to Access this Entire Article

"China Southern rebounds to $52.5 million 2009 profit" 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.