China has been the driver of Asia’s strong growth and profits. Chinese carriers posted estimated net profits of $7.7 billion in 2010—nearly half of global airline profits on only about a third of the traffic. Chinese carriers are expected to post a continuous strong profit for the full year of 2011. They collectively posted a net income of CNY29.41 billion ($4.6 billion) for the first nine months of last year, up 6.2% over the net income of CNY27.69 billion in the same period ...

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