Chinese carriers' net profit down 26% in 2011; 290 million pax handled in 2011

CAAC announced Chinese carriers reported a 25.9% year-on-year decline in net profit to CNY26.0 billion (USD4.1 billion) in 2011, according to Guangzhou Daily reports. Details include:

• Net profit: CNY26.0 billion (USD4.1 billion), -25.9% year-on-year;
• Passenger numbers: 290 million, +8.2%;
• Cargo volume: 5.5 million tonnes, -2%.