Thanks to the decline in the cost of fuel, Chinese carriers have posted a collective net profit of CNY1.9 billion ($309 million) in October – an increase of 32% compared to CNY1.43 billion posted last year. Operating revenue rose 8% to CNY37.1 billion, with expenses up by 7% to CNY31.4 billion. Passengers carried rose 10% to 34.88 million, while load factor rose by 0.7 percentage points to 81.5%. Cargo traffic volume grew 8% to 530,000 tonnes.

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