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Air China - Operating profits plunge in 1Q after massive 2008 loss

17-Apr-2009

Air China reported a 76.7% year-on-year reduction in first quarter operating profit for the three months ended 31-Mar-09, as falling costs (-8.4%) failed to keep pace with a worrying decline in revenue (-11.8%). [842 words]

Unlock the following content in this report:

Subheadings:

  • Traffic consolidating in 1Q2009
  • 2008 earnings disaster
  • Rare full year traffic contraction
  • Best of a bad lot
  • Back to basics in 2009, but "well positioned" to benefit amid the turmoil

Graphs and data:

  • Air China financial highlights for 3 months ended 31-Mar-09
  • Air China financial performance for the three months ended 31-Mar-09
  • Air China passenger numbers growth and cargo volume growth: Apr-08 to Mar-09
  • Air China passenger numbers growth breakdown by domestic and international: Apr-08 to Mar-09
  • Air China passenger numbers capacity breakdown by domestic and international: Apr-08 to Mar-09
  • Air China financial highlights for 12 months ended 31-Dec-08
  • Air China operating profit margin and net profit margin: 2003 to 2008
  • Air China operating costs breakdown in 2008
  • Air China operating revenue breakdown by region in 2008
  • 'Big Three' Chinese carriers' financial performance in 2008
  • 'Big Three' Chinese carriers' financial performance in 2008 
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