Chinese carriers reported a collective net loss of CNY540 million ($85.3 million) in February, reversed from a net income of CNY1.34 billion in the year-ago period.
Chinese carriers reported a collective net loss of CNY540 million ($85.3 million) in February, reversed from a net income of CNY1.34 billion in the year-ago period. Industry analysts cited rising fuel expenses and the slowdown of domestic market demand for the results. Operating revenue rose 9.2% to CNY26.67 billion in February against an 18.7% increase in operating expenses to CNY27.15 billion. Passenger boardings climbed 8.6% to 23.49 million. Load factor was 79.9%, down 1.2 points ...
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