Chinese carriers posted collective first-quarter net income of CNY5.73 billion ($879 million), up 31.8% over the year-ago period, according to CAAC, which credited the continuing growth of domestic market demand.
Chinese airlines' aircraft operating at Beijing. Photo: By Rob Finlayson. Chinese carriers posted collective first-quarter net income of CNY5.73 billion ($879 million), up 31.8% over the year-ago period, according to CAAC, which credited the continuing growth of domestic market demand. Total operating revenue climbed 21% to CNY76.97 billion, outpacing a 17.6% rise in expenses to CNY70.7 billion. Passenger boardings rose 9.3% compared to the year-ago period; domestic passengers ...
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