China Southern Airlines reports USD1.1bn operating loss in 1Q2020

    China Southern Airlines reported (29-Apr-2020) the following financial highlights for the three months ended 31-Mar-2020:

    • Total operating revenue: CNY21,141 million (USD3 billion), -43.8% year-on-year;
    • Total operating costs: CNY28,928 million (USD4.1 billion), -16.6%;
    • Operating profit (loss): (CNY7732) million (USD1.1 billion)), compared to a profit of CNY3553 million in p-c-p;
    • Net profit (loss): (CNY6010 million (USD860.9 million)), compared to a profit of CNY2884 million in p-c-p;
    • Total assets: CNY300,280 million (USD43 billion);
    • Cash at bank and on hand: CNY1839 million (USD263.4 million);
    • Total liabilities: CNY229,507 million (USD32.9 billion).