Chinese airlines posted collective net income of CNY6.13 billion ($896.7 million) for the first nine months of this year, a big turnaround from a CNY5.55 billion deficit in the year-ago period. CAAC credited "economic recovery" and "lower fuel prices" for the positive result. Total operating revenue dipped 2.2% to CNY153 billion while operating expenses fell 3.8% to CNY153.9 billion. Passenger boardings climbed 20% to 170 million and load factor increased 1.7 points to 75.9%. Cargo traffic ...

Subscribe to Access this Entire Article

"China's airlines swing to $897 million nine-month profit" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.