Chinese carriers reported a collective profit of CNY3.78 billion ($598 million) in the first half, down 70.5% from a net income of CNY12.83 billion year-over-year. The industry attributes the drop to high fuel prices and slowdown of domestic market demand growth. The Civil Aviation Administration of China (CAAC) did not reveal operating revenue and operating expenses. Passenger boardings climbed 8.7% to 151 million and cargo traffic volume was 2.52 million tonnes. For the first six ...

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