China Southern Airlines expects to report net loss in 1H2014

China Southern Airlines issued (12-Jul-2014) a profit warning, with the carrier expecting to report a net loss of between CNY900 million (USD140.6 million) and CNY1100 million (USD171.9 million) in 1H2014, compared to a profit of CNY302 million 47.2 million) in 1H2013. The carrier attributes the loss forecast to "the slower growth of Chinese economy and the exchange losses (as compared with the exchange gains for the corresponding period of 2013) resulting from the substantial depreciation of Renminbi during the first half of 2014." [more - original PR - English/Chinese]