Air China reported a net profit of CNY403 million ($52.1 million) for the first quarter, a result that contrasts sharply with the recently announced losses by China Eastern Airlines and China Southern Airlines. CA did not provide year-ago figures. The company cited "expansion of its principal operations and the investment income derived from Cathay Pacific Airways" as key to its performance (ATWOnline, March 21). Operating revenue reached CNY10.47 billion against costs of CNY10.44 billion. ...

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