China Southern Air Sees First-Half Loss as Yuan Weakens
This article is for subscribers only.
China Southern Airlines Co., the country’s third-largest carrier by market value, estimated a loss in the first half, compared with a profit in the same period last year after the economy slowed and the yuan weakened.
The airline expects to report a loss of 900 million yuan ($145 million) to 1.1 billion yuan in the six months ended June, compared with a 302 million yuan profit in the year-earlier period, according to a statement to the Hong Kong stock exchange.