Air China 737-800. Courtesy, Boeing Air China (CA) and China Southern Airlines (CZ) saw their first-quarter income plunge due to high fuel prices and the slowing of yuan appreciation, according to carrier statements released by Shanghai Stock Exchange. CA reported first-quarter net income of CNY239 million ($37.8 million), down 85.7% over CNY1.67 billion in the year-ago quarter. Operating revenue increased 7.7% to 22.9 billion against an increase of 16.9% in operating expenses to ...

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