China Southern Airlines Ltd (NYSE: ZNH, SHA: 600029, HKG: 1055), the nation’s largest air carrier by passenger traffic, is engaged in passenger, freight and mail transportation.
The Guangzhou, Guangdong province-based company posted ¥76.5 billion in revenues and ¥6.42 billion in net profits in 2010, up 39.6% and 1,117.3% respectively from the year before. In 2010, its transportation business made up 96.9% of total revenues and domestic passenger transportation made up 76% of total revenues; its passenger traffic totaled 76.46 million people and cargo traffic totaled 1.12 million tons, up 15.4% and 30.1% respectively from the year before. The company had 65,085 employees and 422 aircraft and was operating flights to 898 cities across 169 countries and regions as of December 31, 2010.
China Southern Airlines was incorporated in 1991 and listed in New York and Hong Kong in 1997 and listed in Shanghai in 2003.
$1 = ¥6.39