China Southern's income dips 29pc

China Southern Airlines, the nation's biggest carrier by passenger numbers, reported a 29 per cent drop in third-quarter profit on rising operating costs and currency fluctuations.

Net income declined to 2.22 billion yuan (HK$2.73 billion) from 3.13 billion yuan a year earlier, the company said in a filing to the Shanghai stock exchange, citing domestic accounting standards. Sales rose 9 per cent to 29.8 billion yuan.

via Business feed http://www.scmp.com/business/china-business/article/1071954/china-southerns-income-dips-29pc