Chinese carriers earn $1.03 billion in August

September 16, 2011

Air Transport World reports that Chinese carriers earned an aggregate profit of CNY6.59 billion ($1.03 billion) in August, up 27.4% over a net income of CNY5.17 billion in the year-ago month, crediting domestic market growth.

Passenger boardings rose 4.5% year-over-year to 27.6 million in August, but that growth rate is in sharp contrast with the double-digit growth rates that domestic airlines have maintained in recent years.

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