China Eastern Airlines enjoyed a turnaround in 2007, posting a net profit of CNY269 million ($38.4 million) that represented a reversal from the CNY3.3 billion loss suffered the previous year. Operating revenue rose 13% to CNY42.52 billion, but CEA cited yuan appreciation as the main driver behind its improved performance as a great deal of its debt was incurred in US dollars, reducing its financial costs by 114% year-over-year. Operating expenses climbed 4% to CNY43.08 billion with jet fuel ...

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