China Southern Airlines operating profit down 70% in 2013

China Southern Airlines revenue down 1% - financial highlights for 2013:

• Operating revenue: CNY98,547 million (USD15,913 million), -1.0% year-on-year;
• Operating costs: CNY98,280 million (USD15,870 million), +2.5%;
• • Jet fuel: CNY35,538 million (USD5738 million), -5.0%;
• Operating profit: CNY1510 million (USD243.8 million), -70.4%;
• Yield per RPK: CNY0.59 (USD 9.5 cents), -10.6%;
• • Domestic: CNY0.61 (USD 9.8 cents), -11.6%;
  • Hong Kong, Macau and Taiwan: CNY0.84 (USD 13.6 cents), stable;
  • International: 0.5 (USD 8.1 cents), -5.7%;
• Net profit: CNY1986 million (USD320.7 million), -24.2%;
• Total assets: CNY165,207 million (USD26,676 million);
• Cash and cash equivalents: CNY11,748 million (USD1897 million);
• Total liabilities: CNY122,756 million (USD19,822 million). [more - original PR - English/Chinese]

*Based on the average conversion rate at USD1 = CNY6.193