China Southern Airlines faces tough times ahead
China Southern Airlines Chairman, Liu Shaoyong, stated in mid-Jul-08 that he expects no recovery in the global airline sector before 3Q09, although he declined to give a specific forecast for the Chinese airline sector. [786 words]
Unlock the following content in this report:
- Asset sales and more debt
- Fuel surcharges rise
- Demand continues to slump in Jun-08
- First half demand slows
- Outlook challenging
Graphs and data:
- China Southern Airlines passenger numbers and cargo volume growth: % change year-on-year: Jan-07 to Jun-08
- China Southern Airlines domestic and international RPK growth: % change year-on-year: Jan-07 to Jun-08
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