China Southern Airlines Co. Ltd. provided earnings guidance for the six months ended June 30, 2015. The company preliminarily estimated the interim results of 2015 in accordance with the 'China Accounting Standards for Business Enterprises' and expects to turn losses into profits for the first half of 2015 as compared with the corresponding period in the previous year and the net profits attributable to equity holders of the company for the first half of 2015 is expected to be RMB 3.4 billion to RMB 3.6 billion.

Reasons for estimated profit in the results: during the first half of 2015, the demand of civil aviation transportation market showed a strong trend, and the operating revenue of the Company recorded an increase as compared with the corresponding period in the previous year. The fluctuation of the international crude oil price at a lower level has substantially decreased its cost of jet fuel price. The company has improved its cost control capability, and its cost decreased as compared with the corresponding period in the previous year with the substantial increase in its profit margin.