Air China reported a 2016 first-half net profit of CNY3.46 billion ($520 million), down 12.4% compared to net income of CNY3.95 billion in the year-ago period, according to the carrier’s statement released by Shanghai Stock Exchange. First-half operating revenue rose 4.6% to CNY53.52 billion while operating expenses grew 2.6% to CNY41.16 billion. Industry analysts cited yuan depreciation and cargo market depression as the main reasons for the Beijing-based carrier’s profit ...

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