Shandong Airlines 3Q profit drops over 20%

Credit: By Rob Finlayson
China’s Shandong Airlines has reported a third-quarter net income of CNY402.89 million ($65.8 million), down 20.75% compared to CNY508.38 million in the year-ago quarter. Industry analysts said the main reason for the profit drop was the decline of domestic market demand that led to the decrease of...

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