China Southern Airlines reported a net profit of CNY5.06 billion ($734 million) in 2016, up 30% over a net income of CNY3.9 billion in 2015. Operating revenue for the year rose 3% to CNY114.8 billion while operating expenses increased 5.5% to CNY96.4 billion. Industry analysts cited continuous market demand growth, lower oil prices and reduced exchange losses as main reasons for the company’s improved performance. The Guangzhou-based carrier’s fuel expenses fell 9.4% to ...

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