Chinese carriers report USD219m profit in Apr-2013 as foreign exchange gains reach USD250m

CAAC stated Chinese carriers reported a profit of CNY1400 (USD218.8 million) in Apr-2013, a decline of 30% year-on-year. According to a report by Yicai, the profit is attributable to more than CNY1600 million (USD250 million) in foreign exchange gains during the month. Chinese carriers reported a profit of CNY500 million (USD78.1 million) in Mar-2013.