China Southern Airlines Ltd., one of China's three major state-owned carriers, said Tuesday its profit fell 71 percent in the first quarter from a year earlier amid a slump in traffic.
Profit for the three months ending March 31 was 222 million yuan ($32.4 million) or 0.03 yuan per share, the carrier said.
The result added to a string of bleak news for China's state-owned airlines, which have suffered large full-year losses for 2008 due to …
No comments:
Post a Comment