Chinese carriers’ net profit drops 22.7% for 2012

Chinese carriers reported a 2012 net profit of CNY21.1 billion ($3.39 billion), down 22.7% compared to CNY27.3 billion in 2011. The profit decline is due to a slowdown of domestic market demand growth, according to the Civil Aviation Administration of China (CAAC). “Last year the growth of domestic...

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