Economy
Civil aviation sector turns loss into profit in '09
(Xinhua)
Updated: 2010-01-13 15:18
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BEIJING: China's civil aviation industry moved out of the red and began to report overall profits in 2009, according to Civil Aviation Administration of China (CAAC).
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Profits of the country's airline companies stood at 7.4 billion yuan in 2009, compared with losses of 31.8 billion yuan in 2008. Profits of airports nationwide were 3 billion yuan, 500 million yuan less than that in 2008.
Last year, 230 million journeys were made by air in China, representing an increase of 19.7 percent from 2008.
