China’s major carriers—including Air China, China Southern, Hainan Airlines, Spring Airlines and Juneyao Airlines all reported 1Q net profit increases because of robust growth of market demand, yuan appreciation and capacity discipline. China Eastern was the only carrier that reported a profit decline. First-quarter 2018 earnings follows: Air China reported a 1Q CNY2.6 billion ($414 million), up 80% compared to CNY1.5 billion in the year-ago quarter. The Beijing-based ...

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