Chinese carriers reported a collective net income of CNY1.4 billion in April, down 28.3% compared with a net profit of CNY1.953 billion for the same month last year. Operating revenue dropped 3.1% to CNY31.1 billion on an increase of 4% in operating costs to CNY27.7 billion. Industry analysts cited lower air fares introduced to stimulate market demand as the main culprit for the profit decline.      Passenger boardings climbed 9.2% to 28.492 million with an ...

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