China Southern 737-800. By Rob Finlayson China Southern Airlines (CZ) has reported a first-half net profit of CNY449 million ($70.8 million), down 83.7% compared to a net income of CNY2.75 billion in the year-ago period. Operating revenue increased 13.2% to CNY48.03 billion, while operating expenses climbed 17% to CNY41.29 billion, mainly due to a 26.6% increase in fuel costs. CZ also cited the global economic downturn, a slowdown of China’s economic growth, fierce market ...

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