Air China Boeing 737-700
Air China expects its first-half net profit to plummet 55% to 65% compared with the net income of CNY1.12 billion ($182 million) in the year-ago period. According to Air China’s written statement released by Shanghai Stock Exchange, the carrier attributed the sharp decline to exchange losses resulting from yuan depreciation. Earlier this week, China Southern Airlines also reported a first-half net loss of CNY900 million to CNY1.1 billion ($146 million to ($178 million) compared with a ...
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