LINE

Text:AAAPrint
Economy

China Southern Airlines net profits jump by 117 pct

1
2016-04-01 10:30Xinhua Editor: Gu Liping

China Southern Airlines, the country's largest carrier by fleet, said Thursday its net profits rose 117.2 percent to 3.85 billion yuan (about 590 million U.S. dollars) in 2015.

The company attributed the increase to dropping global fuel prices and rising numbers of tourists, according to an annual financial report filed to the Shanghai Stock Exchange.

The airline's fuel cost fell 30.4 percent and passenger trips increased 8.4 percent last year, according to the report.

However, foreign exchange losses rocketed from 276 million yuan in 2014 to 5.7 billion yuan in 2015 due to the U.S. dollar's appreciation against the yuan, said the report.

"The company expects a rapid increase in passenger trips in 2016. But there are still uncertainties in global fuel prices and the yuan exchange rate," said the report.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.