Most Chinese carriers are reporting declines in first-quarter net profits because of rising fuel expenses that collectively increased 40%-50%. However, Shanghai-based China Eastern Airlines posted a 1Q net profit of CNY2.8 billion ($406 million), up 8.3% over net income of CNY2.6 billion in the year-ago quarter. Operating revenue for the 1Q rose 4.3% year-over-year (YOY) to CNY24.5 billion against a 16.2% increase in operating expenses to CNY21.5 billion. China Eastern cited record-high ...

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