Chinese carriers reported a collective net profit of CNY2.3 billion ($365.4 million) in September, down 29% compared to a net income of CNY3.24 year-over-year. Industry analysts cited foreign exchange losses as the main reason to the profit decline. Chinese carriers reported CNY550 million in exchange losses in September compared to the year-ago period. Revenue rose 8% to CNY34.9 billion in September. Operating expense figures were not released. Passenger boardings climbed 9.5% to ...

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