Asia/Pacific

China Southern to spin off its profitable cargo division for listing on Shanghai Stock Exchange

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China Southern to spin off its profitable cargo division for listing on Shanghai Stock Exchange

China Southern Airlines reported thrice the amount of loss, widening by 170% to CNY32.7 billion, and revenue dropped by 14.3% to CNY87.1 billion as per the financial report released on the Hong Kong stock exchange. On the other hand, the logistics arm of the airline, Southern Air Logistics reported ...

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