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Air China profits increase fourfold in 3Q2010

29-Oct-2010 11:17 AM

Air China revenue soars 77% - financial highlights for the three months ended 30-Sep-2010 (according to Chinese Accounting Standards):

  • Revenue*: USD3,715 million, +76.6% year-on-year;
  • Operating costs: USD2,906 million, +43.9%;
  • Operating profit: USD1,022 million, +438.4%;
  • Net profit: USD773.2 million, +483.6%;
  • Total assets: USD21.8 million, +37.3% when compared with the period ended 31-Dec-2009;
  • Total liabilities: USD16.8 million, +36.7% when compared with the period ended 31-Dec-2009;
  • Nine months ended 30-Sep-2010:
    • Net operating cash flow: USD2,300 million, +227.6%. [more]

*Based on the conversion rate at USD1 = CNY6.682