Air China posted a net profit of CNY1.04 billion ($149.2 million) in the first quarter, up 147% from the CNY422.7 million earned in the year-ago quarter, on a 21% lift in operating revenue to CNY12.76 billion. Operating expenses jumped 15.43% to CNY12.04 billion. In addition to "stable growth in domestic demand," CA credited capacity increases and "accelerated" yuan appreciation for the improved result. It released no other details. The strengthening of the Chinese currency now is a ...

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