Air China’s net profit drops 32% in 2013

Credit: By Rob Finlayson
Air China has reported a 2013 net profit of CNY3.26 billion ($530 million) based on international accounting standards, down 32% compared to a net income of CNY4.82 billion in 2012. Revenue fell 1.3% to CNY98.18 billion while expenses rose 3.29% to CNY94.06 billion. Fuel costs decreased 5.38% to...

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