China Southern Airlines Company Ltd.
Latest China Southern Airlines Company Ltd. News and Updates
Comparison of China Eastern’s fuel costs with competitors
Chinese airlines have an advantage of having lower employee costs compared to their counterparts in the US. Operational efficiency of US airlines are comparatively higher.
The global airline industry contributes to economic development
With 16,000 unique city pairs, connectivity by air is estimated to have doubled in the past two decades. Moreover, although demand continues to rise, the price of travel has fallen.
Singapore Dollar Ended Negatively against Bolstered Rise in GDP
The Singapore dollar witnessed a volatile session and ended lower against the US dollar on January 4, 2016. There was faster-than-expected growth in the economy.
Yuan Tumbles as China’s Central Bank Hikes Official Midpoint Rate
The Chinese yuan kept depreciating against the US dollar on December 9 as the PBC increased its midpoint reference rate relative to the US dollar by 0.15%.
Chinese Yuan Gets IMF Nod on Special Drawing Rights Inclusion
The Chinese yuan has been included in the elite SDR (special drawing rights) basket of currencies by the IMF. This underscores China’s economic and financial strength globally.
Chinese Yuan Feels Pressure as Trade Numbers Disappoint
The Chinese yuan was trading on a weaker note compared to the US dollar on November 9. Disappointing trade data were released on November 8.
Chinese Yuan Rises Due to the Rate Cut by the PBOC
The Chinese yuan appreciated against the US dollar on October 23 after the People’s Bank of China cut interest rates by 25 basis points to 4.4%.
China Eastern’s operating margin declines due to rising costs
Rising costs impacted China Eastern’s (CEA) operating margins, which declined from 5% in FY09 to 1.8% in FY13.
Rising operating expenses as a percentage of revenue
More than half of China Southern’s total operating expenses in FY13 were related to flight operating expenses.