Chinese carriers reported a collective net profit of CNY5.83 billion (920 million) in August, down 17% compared to a net income of CNY7 billion a year ago. Revenue rose 7% to CNY39 billion. Operating expense figures were not released. Passenger boardings jumped 11.3% to 30.7 million with an average load factor of 84.4%, down 0.5 points year-over-year. Cargo traffic volume increased 0.1% to 455,600 tonnes. Industry analysts cited foreign exchange losses for the profit drop. Chinese ...

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