Profits soar at China's big three airlines

Profits soar at China's big three airlines Shanghai March 31, 2016 - China's three biggest airlines reported soaring net profits in 2015 despite the country's worst economic growth in a quarter of a century, as more Chinese travelled abroad. Cheaper jet fuel helped the bottom line, but losses from foreign exchange hurt as China's yuan currency slid against the dollar, they said. "With the slowdown in world economic growth, and the ruggedness and hardship ... more

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