Air Transport World

China Southern Airlines: cs-air.com.(Asia/Pacific)(China 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.