Air China profits increase fourfold in 3Q2010

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