The earnings of China Southern Airlines' parent company
skyrocketed to three billion yuan (US$414 million) last year thanks
to its fast-growing business.
The country's largest carrier by fleet size said in a statement
yesterday that its parent, China Southern Air Holding Co, earned
three billion yuan in profit last year, much higher than the
200-million-yuan profit in 2006.
The earning is the highest in the company's history, Liu
Shaoyong, general manager of the parent, said in an earlier
report.
The carrier flew 57 million passengers last year, up 15.3
percent from the previous year, and its cargo volume reached
863,000 tons, a rise of 5.4 percent.
It launched 10 international routes from Guangzhou and eight
domestic routes from Beijing last year to maintain its dominance in
the domestic aviation market, the statement said.
China Southern operates about 1,300 flights with a fleet of more
than 330 planes.
(Shanghai Daily January 16, 2008)
