China Eastern Airlines reported a 2016 first-half net profit of CNY3.23 billion ($486 billion), down 9.3% compared to net income of CNY3.56 billion in the same period last year. Operating revenue rose 4.6% to CNY46.33 billion while expenses increased 2.2% to CNY37.74 billion. Industry analysts cited yuan depreciation as the main reason for the Shanghai-based carrier’s profit decline. China Eastern’s exchange rate loss increased CNY1.3 billion over the year-ago period. Passenger ...

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