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FINWIRES

China Southern Airlines Warns of Wider H1 Loss

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China Southern Airlines (HKG:1055, SHA:600029) expects an attributable net loss of 3.47 billion yuan to 3.97 billion yuan for the first half, widening from 1.53 billion yuan a year earlier, according to a Tuesday filing with the Hong Kong bourse.

The company attributed the expected loss to sharply higher aviation fuel costs amid geopolitical tensions, despite growth in passenger traffic and revenue during the first half.

Hong Kong-listed shares of the airline were down nearly 2% in Wednesday morning trade.

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Sandfire Resources Possesses More Attractive Development Opportunities Besides Montana Project, Jefferies Says

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