21-May-2013 10:11 AM

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.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More