China Southern Airlines reported a CNY784 million ($98 million) net loss for the first half of 2006, narrowed from a CNY964 million loss in the first half of 2006. "As jet fuel prices kept rising and the interest rates of US dollar-denominated loans climbed up during the period, the cost pressure that [China Southern] faced in its business operations did not ease, resulting in a net loss," the airline said. Revenues increased 15.7% to CNY20.6 billion as expenses climbed 13.7% to CNY20.8 ...

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