Air China (CA) reported a first-half net profit of CNY4.06 billion, down 13.4% compared to CNY4.694 billion in the year-ago period. The Beijing-based carrier blamed the dip on “continuous depression of western economy,” “unstable political situation in North Africa” and “surging fuel prices,” although  it said domestic market demand stimulated by fast-growing Chinese economy supports stable growth. In addition, fuel hedge gains were reduced by ...

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