China Southern Airlines

China Southern Airlines is based in Guangzhou in Guangdong Province in southern China. It’s the world's fifth-largest airline measured by passengers carried, and Asia's largest airline in terms of both fleet size and passengers carried. It was established in 1988 after a restructuring of the Civil Aviation Administration of China, and has grown since then through acquisitions and mergers to become one of China's "Big Three" airlines alongside Air China and China Eastern Airlines. It is a member of SkyTeam.

Higher aviation fuel costs are among headwinds facing Chinese carriers in 2017. Photo: AFP

Chinese carriers to hit headwinds in 2017

A triple threat of lower yields, higher fuel prices and yuan depreciation are expected to see Chinese airlines’ earnings slip next year, analysts say.

“Not only are airline earnings under pressure from lower yields, costs are also becoming a problem,”