Chinese airlines' Sept. profit dips 39%

摘要

Chinese carriers reported an aggregate profit of CNY3.7 billion ($582 million) in September, a 38.8% drop compared to total net income of CNY6.04 billion in the year-ago month.The Civil Aviation Administration of China (CAAC) attributed the profit decline to the economic downturn in the US and Europe, and the decline in international cargo. The growth in domestic traffic, especially in central and western China, helped to sustain profits.