Monday, June 18, 2007

China's Airlines Made Profit in May as Econonic Growth Spurs Travel Demand

(Bloomberg) -- China Southern Airlines Co., the
nation's largest airline, and all other Chinese domestic
carriers posted a profit last month, as economic growth boosted
demand for traveling and air cargo transport.

Combined sales of Chinese carriers rose 11 percent to 21.1
billion yuan ($2.77 billion) in May from a year earlier,
exceeding costs of 19.9 billion yuan, the General Administration
of Civil Aviation said on its Web site last night.


Read more at Bloomberg Emerging Markets News

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