Chinese carriers reported a collective net profit of CNY1.98 billion ($314.5 million) in January, down 29.9% compared to CNY2.82 billion in the same period of last year.
Chinese carriers at Beijing International. By Rob Finlayson Chinese carriers reported a collective net profit of CNY1.98 billion ($314.5 million) in January, down 29.9% compared to CNY2.82 billion in the same period of last year. Industry analysts cited higher fuel prices and a sharp decline of cargo traffic as the main reason for the results. Domestic airlines reported a 23.8% increase in operating expenses to CNY29.61 billion against a lift of 18.4% in operating revenue to ...
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