Air China and Air Macau parent Air China Ltd. earned net income of CNY1.57 billion ($207.4 million) in the first half under international accounting standards, up 242.6% from the year-ago semester profit on a 17.2% lift in operating revenue to CNY23.35 billion. CA explained that its earlier projected year-over-year increase of 2000% was calculated based on the old domestic accounting standard (ATWOnline, Aug. 3). Chairman Li Jiaxiang attributed the result in part to the "fast-growing Chinese ...

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