The Chinese airline industry showed some signs of recovery in January as domestic carriers posted a collective net profit of CNY40 million ($5.8 million), according to CAAC. The airlines reported a CNY7.07 billion net loss through the first 11 months of 2008. The regulator credited "favorable policies" implemented in December for the January result, including its decision to withhold approval for new entrants until 2010 and its call for carriers to cancel or delay aircraft orders. Fee ...
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