16-Mar-2010 12:25 PM
Chinese aviation profits surge in Feb-2010 on the back of Chinese New Year traffic resurgence
Analysis
CAAC reported a 523% surge in industry profits in Feb-2010, to CNY2.1 billion (USD303.1 million), due to significant increases in passenger and cargo traffic attributed to the Chinese New Year Holiday period. Airline profits surged 1.458% to USD253 million, with airport profits up 345% to USD16 million.
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