China Southern Airlines reported a third-quarter net profit of CNY3.3 billion ($495 million), nearly tripled from a net income of CNY1.2 billion in the year-ago quarter. Operating revenue rose 1.8% to CNY32.6 billion while operating expenses fell 5.8% to CNY29.1 billion because of a 33% decrease in exchange rate losses. Industry analysts credited continuous market demand growth and lower fuel prices as main reasons for the much-improved performance. From January to October, the ...

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