Editorial Comment

Just a bump in the road as profits at Chinese big three as profits show decline – in actual fact they are up through the core businesses

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Just a bump in the road as profits at Chinese big three as profits show decline – in actual fact they are up through the core businesses

Profits were down at China's top three state-owned carriers for 2012 as the yuan continued to weaken against the US Dollar. China Southern, China Eastern and Air China posted a combined net profit of just over 10.2bn yuan ($1.64bn) for 2012 from 16.74bn in 2011 – that is a 39% fall. This is not ...

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