Mainland China carriers may be feeling the impact of the recent oil price plunge in a more painful way compared with their peers, as domestic oil prices did not match the fall seen in the international market and is a lot less given how much the centrally-set fuel surcharges had been cut.
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.