China Express Turns Profit In 2020 Amid Pandemic

China Express A320
Credit: China Express airlines
China Express was profitable in 2020, thanks to low costs, sales, and leasebacks. Regional carrier China Express Airlines posted an unexpected net profit in 2020, a 21.7% year-on-year (YOY) improvement. Earnings were attributed to low fuel prices, the airline said, as well as the sales and leaseback...

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