Chinese aircraft at Beijing. By Rob Finlayson China’s major carriers have all reported a third-quarter profit decline, mainly due to foreign exchange losses resulting from yuan depreciation. The fluctuation between the Chinese yuan and the US dollar is a major factor for Chinese carriers because much of their aircraft purchasing cost is in US dollars. Air China reported a third-quarter net profit of CNY3.17 billion ($504 million), down 16.5% compared to net income of CNY3.8 ...

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