China Southern Airlines’ first half profit jumps 33%; fleet and international expansion ahead
China Southern Airlines reported a 33% year-on-year increase in net profit to CNY2.76 billion (USD431.6 million) in 1H2011 (six months ended 30-Jun-2011) supported by one-off gains and “robust growth of domestic market demand stimulated by a fast growing Chinese economy.” Operating profit increased by a faster pace, by 43% to USD396.1 million, for an operating profit margin of 6.1%.
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 400 News Briefs every weekday and comprehensive data and analysis on thousands of companies around the world.