China Southern Airlines reported a first-half net profit of CNY3.11 billion ($468 million), down 10.7% compared to net income of CNY3.48 billion in the year-ago period, according to a carrier statement released by Shanghai Stock Exchange. First-half operating revenue was up 1.36% to CNY54.05 billion while operating expenses increased 1.6% to CNY44.27 billion. Industry analysts cited yuan depreciation (vs US dollars) and a slowdown of domestic market demand as main reasons for the profit ...

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