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China Southern Airlines warns of US$4.5 billion fiscal year net loss
January 31st 2023
China Southern Airlines (CSA) said its net losses for calendar 2022 will range from 30.3 billion yuan (US$4.5 billion) to 33.2 billion yuan. Read More » The preliminary estimates compared with a 12.1 billion yuan net loss in calendar 2021. “During the reporting period, the domestic civil aviation industry was affected by multiple shocks including the repeated impact of the pandemic, high oil prices and the depreciation of the renminbi,” CSA said in its regulatory filing to the Stock Exchange of Hong Kong.
