Chinese carriers posted a collective net loss of CNY 1.37 billion ($216 million) in May, reversed from a net profit of CNY1.88 billion year-over-year.
Chinese carriers at Beijing International. By Rob Finlayson Chinese carriers posted a collective net loss of CNY 1.37 billion ($216 million) in May, reversed from a net profit of CNY1.88 billion year-over-year (ATW Daily News, June 13). The industry attributes the reversal to the slowdown of domestic market demand and exchange losses resulting from yuan depreciation. According to the Civil Aviation Administration of China (CAAC), domestic carriers transported 25.4 million ...
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