Driven by a growing domestic economy and the appreciation of the yuan, Air China and Air Macau parent Air China Ltd. posted a net profit of CNY4.23 billion ($595.5 million) in 2007, up 57.3% over the CNY 2.69 billion reported in 2006, on a 14.2% lift in operating revenue to CNY 51.33 billion. In addition to a "handsome investment return," the company credited "improved operating efficiency" and growing passenger numbers for the result. Operating expenses rose 12% year-over-year to CNY47.5 ...

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