Developments: For the third quarter, net profit increased more than 10-fold from the year-earlier period, supported by foreign exchange gains and the rebound in global air travel. Meanwhile, revenue soared 45%. For September, passenger turnover rose 20% to 6.59 million from the same month a year ago, with load factor rising 7.7%.
The company is poised for robust growth in the upcoming years as seen from the increasing number of aircraft orders. Xiamen Airlines, a joint-stock company in which China Southern Airlines has a 60% share, has agreed to buy 10 Boeing aircraft valued about $699 million through internal financing and commercial loans.