Air China reported net profit of CNY3.16 billion ($515 million) for the first nine months of the year, down 22% compared with net income of CNY4.06 billion in the year-ago period. The Beijing-based carrier cited exchange losses resulting from yuan depreciation as the main reason for the profit decline. The carrier reported CNY2.267 billion in exchange losses from January to October. Air China’s first-half net profit decreased 57.6% to CNY474 million also due to exchange losses of ...

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