China Southern net profit down 29% in Q3

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China Southern Airlines has reported a 29% fall in its net profit to CNY2.22 billion ($356 million) for the third quarter of 2012.

Its total revenue for the three months ended 30 September rose by 9.4% to CNY29.8 billion from CNY27.3 billion a year earlier, says the airline.

The airline's total operating costs increased by 16.1% to CNY26.9 billion.

It operating profit declined by 22.7% to CNY3.18 billion and total profit fell by 23.3% to CNY3.38 billion, says the SkyTeam alliance member.