China Eastern Airlines posted a CNY40.1 million ($5.9 million) net profit in the first quarter, down 81% from the CNY210.8 million earned in the year-ago period, on a 15.6% decrease in operating revenue to CNY8.95 billion. Operating expenses dropped 12.8% to CNY 8.42 billion. The Shanghai-based carrier credited CNY422 million in earnings on its fuel hedges and the return of CNY500 million in aviation construction funds for the result. In order to shore up its finances during the downturn, ...

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