Chinese carriers earned a collective net profit of CNY1.5 billion ($242 million) in February, up 32% over February 2013’s net income of CNY1.14 billion. Operating revenue jumped 8% to CNY34.2 billion while operating costs rose 6% to CNY28.4 billion. Industry analysts credited “lower fuel prices” and “strong growth of market demand” as the main reasons for the improved performance. Passenger boarding increased by 12% to 31 million with an average load factor of ...

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