(Bloomberg) -- China Southern Airlines Co., the country's biggest carrier, said its first-quarter loss narrowed 69 percent because of lower fuel costs and higher surcharges.
The carrier posted a loss of 188 million yuan ($24 million), or 0.04 yuan a share, in the three months to March 31, compared with 603 million yuan, or 0.14 yuan, a year earlier, the Guangzhou-based company said in a statement today, using domestic accounting standards. Sales rose 26 percent to 11.9 billion yuan.
Read more at Bloomberg Emerging Markets News
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