Chongqing-based China Express Airlines reported a 2018 first-quarter net profit of CNY82.3 million ($13 million), up 6.3% compared to net income of CNY77.4 million in the year-ago quarter. Operating revenue jumped 35.4% year-over-year (YOY) to CNY991.3 million against a 43.5% YOY increase in operating expenses to CNY798.3 million. The regional carrier credited its business scope expansion and continuous domestic market demand growth as main reasons for the results. However, industry ...

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