China Southern Airlines operating profit up 23% in 2019

China Southern Airlines Company reported (31-Mar-2020) the following financial highlights in accordance with International Financial Reporting Standards for the 12 months ended 31-Dec-2019:

• Total operating revenue: CNY154,322 million (USD22,351 million), +7.4%;
  
  • Passengers: CNY138,502 million (USD20,060 million), +8.2%;
  • Cargo and mail: CNY9615 million (USD1393 million), -4.1%;
• Total operating costs: CNY148,608 million (USD21,523 million), +6.0%;
  
  • Fuel: CNY42,814 million (USD6201 million), -0.3%;
  • Labour: CNY27,647 million (USD4004 million), +10.5%;
• Operating profit: CNY10,838 million (USD1570 million), +22.9%;
• Net profit: CNY3084 million (USD446.7 million), -8.3%;
• Total assets: CNY306,928 million (USD44,453 million);
  
  • Cash and cash equivalents: CNY1849 million (USD267.8 million);
• Total liabilities: CNY229,599 million (USD33,253 million). [more - original PR]

*Based on the average conversion rate at CNY1 = USD0.144832