Air Transport World

China airlines.

China's airlines collectively lost about 2 billion yuan ($242 million) last year, according to Li Chunjian, deputy director-planning at the Civil Aviation Administration of China.

Li's figure is generally acknowledged to he on the low side, with a more usual number for losses by the entire Chinese industry of around $500 million. Only two or three of the country's 40 carriers are said to be profitable. One of the profitable ones is small independent start-up Hainan Airlines, which reported 1998 profits of 100 million yuan on turnover of 1. …

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