Airline

Airline earnings down in China but not in the West

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Airline earnings down in China but not in the West

Chinese carriers earned a collective net profit of CNY26 billion ($4.12 billion) in 2011, down 26% from CNY35.1 billion for 2010 due to a slowing of domestic demand. This however is not the full picture as passenger numbers were up. Cargo volume was down about 2% to 5.52m tones. It is therefore reas...

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