Air China’s profit drops 33.8% in 2012

Credit: By Rob Finlayson
Air China has reported a 2012 net profit of CNY4.95 billion ($788 million), down 33.8% compared to CNY7.5 billion in 2011, according to a filing released by the Shanghai Stock Exchange. Operating revenue rose 2.8% to CNY99.84 billion while operating expenses grew 5.32% to CNY80.77 billion. Fuel...

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