China Southern Airlines reported net income of CNY25 million ($3.7 million) for the first half of 2009 based on international accounting standards, down 96.9% from the CNY818 million earned in the year-ago semester, thanks to government aid. According to yesterday's filing with the Shanghai Stock Exchange, the Guangzhou-based carrier received a subsidy of CNY1.52 billion during the period. Half-year operating revenue fell 9.2% year-over-year to CNY24.88 billion as CZ suspended fuel ...

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