China Southern reports $32.5 million first-quarter profit

China Southern Airlines reported a CNY222 million ($32.5 million) first-quarter profit, down 71.3% from the CNY796 million earned in the year-ago period, on a 9.4% decrease in operating revenue to CNY12.93 billion. Operating expenses climbed 3.3% to CNY13.71 billion, and analysts credited "the...

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