China Southern’s 2011 profit drops 11.8% on fuel prices, weak cargo growth

China Southern Airlines A380. Courtesy, Airbus China Southern Airlines (CZ) reported a 2011 net income of CNY5.11 billion ($805.7 million), down 11.8% from CNY5.79 billion in 2010, due to high fuel prices and weak cargo growth. Operating revenue increased 18.2% to CNY90.39 billion while expenses...

Subscription Required

 

This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.

Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.

Already an AWIN subscriber? Login

 

Did you know?  Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.