Air China doubles first quarter net profit on traffic rebound
Air China stated its first-quarter net profit more than doubled in the three months ended Mar-2010, as domestic air travel demand rebounded strongly with the recovering economy. Air China Chairman, Kong Dong, commented that the carrier was pleased to deliver “healthy” results to start 2010. The carrier also stated its Air Macau subsidiary was able to report a “small” profit in 1Q2010 due to the carrier’s expanded network.
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