Chinese carriers reported a collective net profit of CNY 6.4 billion ($1 billion) for July, up 7% compared with the net income of CNY 5.7 billion a year ago. According to CAAC, passenger boardings increased 9.6% while cargo traffic volume dipped 3.4%. Industry analysts credited lower domestic fuel prices and stronger market demand in the summer peak period as the main reasons for the profit hike.Beijing cut domestic jet fuel prices by 9% in July.  Ping An Securities aviation ...

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