China Southern Airlines Co Ltd (ZNH.N)
17 Apr 2014
|Market Cap (Mil.):||$3,707.25|
|Shares Outstanding (Mil.):||196.35|
BEIJING, April 15 - China Southern Airlines , China's biggest airline by fleet size, has warned it will incur a net loss of between 300-350 million yuan ($46-$56 million) in the first quarter due to foreign exchange losses.
* China pledges to boost long-ignored low-cost carrier segment
* Says 2013 net profit down 27.9 percent y/y at 1.9 billion yuan ($305.81 million)
BEIJING - Chinese airlines, already grappling with half-empty premier cabins due to Beijing's austerity drive, will be tested next in their ability to hedge against currency risks as China looks set to allow greater two-way swings in the yuan.
* Cyclicals lead selloff after weak China data stokes slowdown fears
BEIJING, March 7 - China Southern Airlines expects to resume profit growth this year as rising incomes prompt more Chinese to opt for air travel, the company's chairman told Reuters on Friday.
(Recasts lead, adds quotes from China Southern Airlines chairman)
SYDNEY, Dec 2 - Australia's flagship carrier Qantas Airways Ltd has signed a codeshare agreement with China Southern Airlines Co Ltd, as it looks to capitalise on Asia's quick-growing aviation market.
* Deal marks state-ownded CSG's first overseas investment
(Corrects company name in lead paragraph to China Southern Power Grid)
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