The carrier’s revenue rose by 12.38 per cent to 143.62 billion yuan, slightly short of the 144.58 billion forecast by analysts. Photo: Shutterstock

China Southern Airlines’ profit falls by half amid high oil prices, increased competition

  • Net profit for the country’s largest carrier by fleet size slumped 51.43 per cent last year to 2.89 billion yuan (US$430 million), way off estimates
Topic |   China Southern Airlines

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The carrier’s revenue rose by 12.38 per cent to 143.62 billion yuan, slightly short of the 144.58 billion forecast by analysts. Photo: Shutterstock
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Louise Moon

Louise Moon

Louise Moon joined the Post in 2017 and is a reporter on the Business desk. She has a master's in Mandarin from Edinburgh University and a master's in journalism from City University, London. Originally from the UK, she spent her teenage years growing up in Hong Kong which sparked her interest in China.