China Southern Airlines returned to profit for the first time in four years in 2006, reporting CNY188 million ($24.3 million) in net earnings under international accounting standards, a reversal from a loss of CNY1.85 billion in 2005, according to a filing with the Shanghai Stock Exchange cited by press reports. A strengthened yuan and increased fuel surcharges were given some credit for the turnaround. Bloomberg News reported that the yuan grew 3.3% in 2006 and that the airline gained ...

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