China Southern Airlines enjoyed a significant turnaround in the first half of 2007, reporting net income of CNY226 million ($29.7 million) under IFRS, a reversal from a loss of CNY784 million in the year-ago semester, on a 19.2% lift in operating revenue to CNY24.56 billion. The carrier attributed the improved performance in part to "its double-hub strategy of Beijing and Guangzhou" and cost control. The "fast-growing Chinese economy, rising domestic demands and the appreciation of the yuan" ...

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