China Southern Airlines saw its 2018 annual profit shrink to CNY2.98 billion ($433 million), down 51% year-over-year (YOY), because of increased operating expenses and external economic factors. The Guangzhou-based carrier recorded a profit of CNY5.9 billion in 2017. China’s largest airline reported a 2018 total revenue of CNY143 billion, a growth of 12% YOY. Total operating costs rose 13.9% YOY to CNY140.2 billion in 2018. The greatest contributor was fuel costs, which grew 34.6%. ...

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