(MENAFN) China Easter Airlines, a country's leading carrier, posted a decline of its net profit in the January-June period of 2014, dipping 97.76 percent on-year, Xinhua reported.
The cargo's net profit stood at USD2.28 million in the period, while the registered revenue reached USD6.9 billion, the company said in a statement it filled to the Shanghai Stock Exchange.
The freight attributed the poor performance to what it called "geopolitical instability, fewer high-end business travelers, and more convenient high-speed railway services."
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