Air China and Hainan Airlines have reported significant improvements in their first-quarter earnings due to robust market demand growth and lower fuel prices, according to industry analysts. Air China posted a net income of CNY1.68 billion ($274 million), up from CNY93 million in 2013. Hainan Airlines reported a first-quarter net income of CNY921.1 million, up fourfold from CNY174.6 million year-over-year. Air China’s operating revenue increased 3.4% to CNY25.26 billion while ...

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