Despite their apparent financial recovery, Chinese carriers are confronted with tough challenges.
AT FIRST GLANCE, 2009 WAS A YEAR OF recovery for China's airlines after a very difficult 2008. According to CAAC, the country's airline industry enjoyed an aggregate profit of CNY6.13 billion during the first nine months of 2009, a big turnaround compared to a CNY5.55 billion deficit in the January-September 2008 period, when carriers were beset with a spate of natural disasters, soaring fuel prices and a traffic downturn linked to increased security surrounding the Beijing Summer ...
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