China Southern Airlines subsidiary Xiamen Airlines posted a net profit of CNY210 million ($30.7 million) in 2008, its 22nd consecutive year in the black despite the collective loss suffered by Chinese carriers last year. Xiamen did not disclose its revenue or expense figures but cited the "effective cost control" facilitated by its all-Boeing fleet and "proper capacity adjustments" for the result. It currently operates 49 aircraft: Three 737-500s, 15 737-700s, 23 737-800s and eight 757-200s. ...

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