Chinese carriers earned a collective net profit of CNY 26 billion ($4.12 billion) in 2011, down 26% compared to CNY35.1 billion from 2010, according to an industry insider.
Chinese carriers at Beijing International. By Rob Finlayson Chinese carriers earned a collective net profit of CNY26 billion ($4.12 billion) in 2011, down 26% compared to CNY35.1 billion from 2010, according to an industry insider. Industry experts cited a “slowdown of domestic market growth” as the reason for the decline. Based on statistics released by the CAAC, passenger boardings climbed 8.2% to 290 million while cargo traffic volume dipped 2% to 5.52 million ...
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