Air China's first-half net income fell 20.7% to CNY1.24 billion ($180.8 million) on surging oil prices and softening traffic resulting from May's Sichuan earthquake and heightened security surrounding the recently completed Olympics. The company reported an operating loss of CNY336 million, a significant reversal from the CNY1.37 billion earned in the year-ago semester. The carrier remained in the black thanks to currency gains of CNY1.92 billion as the stronger yuan reduced the value of its ...

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