Despite rising fuel prices, Chinese commercial airlines posted a collective profit of CNY9.1 billion ($1.23 billion) in the third quarter ended Sept. 30, up 65.4% over the CNY5.5 billion reported in the year-ago period, according to CAAC statistics. Operating revenue rose 12.5% year-over-year to CNY73.57 billion against an 8.3% increase in operating expenses to CNY65.07 billion. Guosen Securities aviation analyst Li Shurong cited domestic inflation and yuan appreciation as main catalysts of ...

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