Air Transport World

China Southern Airlines: Southern Airlines Company Ltd. financial results)(Brief article)

The combination of high fuel prices and the ongoing restructuring costs associated with absorbing China Northern Airlines and Xinjiang Airlines led to Guangzhou-based China Southern suffering a loss of CNY1.85 billion ($229.8 million) for 2005. Group revenue grew 60% but expenses surged 72%. The carrier also cited increased competition on both domestic and international routes as factors.

The addition of China Northern and Xinjiang contributed to a 67% jump in RPKs and a 56% lift in passengers to 44.1 million, making it China's largest airline by a considerable margin. For good measure, it moved more freight than any other mainland carrier as cargo volume grew 42% to nearly 775,000 tonnes. …

Log in to your account to read this article – and millions more.