China Southern Airlines reported a first-quarter net loss of CNY188 million ($24.3 million), narrowed from a CNY665 million deficit in the year-ago quarter, on a 26.1% year-over-year lift in operating revenue to CNY11.89 billion. Operating expenses rose 24.3% to CNY10.58 billion. Industry analysts cited falling domestic oil prices and the appreciation of the yuan as key to CZ's improved performance. UBS Asia-Pacific Chief Economist Jonathan Anderson said Chinese carriers will benefit from a ...

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