Chinese carriers reported a net income of CNY5.9 billion ($960 million) in August, down 7% compared to net income of CNY6.34 billion in the year-ago period. Operating revenue for the month climbed 7% to CNY42.5 billion while operating expenses increased 8% to CNY32.6 billion year-over-year. Industry analysts cited the slowdown of market demand growth—especially premium market—and the decrease in airfares as main reasons for the profit decline. In August, domestic airlines ...

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