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China Southern's H1 net profit down 95.3%

(Xinhua)
Updated: 2009-08-31 11:19

Special Coverage: Interim Results of Listed Companies Related readings:  Southern Airlines opens Taiwan branch  China Southern Airlines opens Dhaka-Guangzhou flight  Southern Airlines dives into the red  China Southern Airlines sets up office in Taiwan  Southern Airlines forecasts loss for 2008

China Southern Airlines, the nation's largest carrier, on Sunday reported a 95.3 percent decline in its first-half net profit despite increased passenger traffic.

In the first six months of the year, the carrier handled 31 million passengers, up 10.7 percent year-on-year, but it failed to repeat a 2.64 billion yuan ($386.53 million) of foreign-exchange gains of last year as the value of yuan kept little changed in the period.