Chinese carriers reported a net profit of CNY2.2 billion ($358 million) in September, down 24% compared with a net income of CNY2.82 billion in the year-ago month. Operating revenue jumped 7% to CNY36.3 billion while operating expenses climbed 8% to CNY31.2 billion. Industry analysts cited airfare decreases resulting from a decline in market demand and overcapacity and exchange rate reductions as main reasons for the decline. Passenger boardings rose 9% to 33.15 million with an average load ...

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