Air China reported a first-half net profit of CNY510 million ($82.7 million), down 55% compared with a net income of CNY1.14 billion in the year-ago period. The Beijing-based carrier had predicted in July its first-half net profits would plummet 55% to 65% year-over-year. First-half operating revenue increased 8.5% to CNY50 billion while operating expenses increased 6.7% to CNY48 billion. Air China, which said exchange rates were the main culprit for the results, reported exchange losses of ...

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