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 ...

Subscribe to Access this Entire Article

"'Cost pressure' pushes China Southern to first-half loss" 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.