China Southern Airlines saw its 2019 first-half net profit fall 21% to CNY1.7 billion ($247.5 million), as it navigates a challenging economic environment. The Guangzhou-based airline reported a first-half revenue of CNY73 billion, up 8% year-over-year (YOY). Operating costs rose 7.2% YOY to CNY64.4 billion, with fuel expenses of CNY20.6 billion. In addition, subsidiary XiamenAir saw its net profit plunge 71.6% YOY to CNY116 million. China Southern owns a 55% share in XiamenAir. During ...

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