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China Southern Airlines reports USD208 million net profit in 1Q2010

27-Apr-2010 9:31 AM
China Southern Airlines reports (24-Apr-2010) the following financial highlights for the three months ended 31-Mar-2010:
  • Revenue: USD2,472 million, +31% year-on-year;
  • Operating costs: USD2,419 million, +20.5%;
  • Net profit: USD208 million, +539%.

*Based on the exchange rate: 1 CNY = 0.146473 USD

China Southern Airlines: "in 1Q2010, the revenue 's growth is mainly due to the rebound of the aviation market. and the profit increases is mainly due to the rebound of the aviation market and increase of the investment income," company reports. Source: China Southern Airlines, 24-Apr-2010.