China Southern: 2008 profit worries realised; calls for more government aid
China Southern's profit warning earlier this year was realised with the airline reporting a worse than expected net loss of USD705.8 million for the 12 months ended 31-Dec-08, compared to a profit of USD269 million in 2007. The airline's 1.6% increase in revenue, to USD8.1 billion, was not enough to offset a 16.6% increase in operating costs, which amounted to USD9.0 billion.
Become a CAPA Member to access Analysis Reports
Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.
Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.
CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 1,000 News Briefs every week and comprehensive data and analysis on thousands of companies around the world.