Chinese carriers reported a 2012 net profit of CNY21.1 billion ($3.39 billion), down 22.7% compared to CNY27.3 billion in 2011. The profit decline is due to a slowdown of domestic market demand growth, according to the Civil Aviation Administration of China (CAAC). “Last year the growth of domestic market demand started to slow down and international market demand still hasn’t fully recovered owing to the economic recession in Western countries. But average capacities ...

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