China’s big three carriers have all reported a turnaround in the first quarter due to market demand growth and lower fuel prices. According to financial preannouncements, Air China’s first-quarter net income increased CNY1.6 billion ($262 million) to CNY1.8 billion, up from a net profit of CNY93 million in the year-ago quarter. China Southern Airlines reported a first-quarter net income of CNY1.8 billion to CNY2 billion, reversed from a net loss of CNY306 million year-over-year. ...

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