Chinese aircraft at Beijing. By Rob Finlayson China’s major carriers have all reported a third-quarter profit decline, mainly due to foreign exchange losses resulting from yuan depreciation. The fluctuation between the Chinese yuan and the US dollar is a major factor for Chinese carriers because much of their aircraft purchasing cost is in US dollars. Air China reported a third-quarter net profit of CNY3.17 billion ($504 million), down 16.5% compared to net income of CNY3.8 ...

Subscribe to Access this Entire Article

"China’s major carriers report 3Q profit drop " is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.