16-Jul-2010 12:44 PM

China's aviation industry reports 174% surge in profit in 1H2010

CAAC announced China’s aviation industry reported a 41.9% year-on-year increase in revenue to USD26,925 million for the six months ended 30-Jun-2010, resulting in a 174% surge in profits to USD1,947 million (Shanghai Daily, 15-Jul-2010). *Based on the conversion rate at USD1 = CNY6.83.