Airline

Chinese state-owned airlines profits dip during Q1

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Chinese state-owned airlines profits dip during Q1

Air China has reported a 63% decline in net profit during the first quarter of 2014 to 92.7 million yuan ($14.8 million), revenue rose by 7.5%, however, to 24.4 billion yuan. The drop in profit was due to "net foreign exchange losses arising from the depreciation of renminbi", the airline said, addi...

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