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Air China revenue surges 45%, profits down in 1Q2011

29-Apr-2011 11:41 AM

Air China revenue surge 45% - financial highlights for the three months ended 31-Mar-2011 (according to Chinese Accounting Standards):

  • Operating revenue: USD3220 million, +44.6%;
  • Total operating costs: USD2943 million, +43.9%;
  • Operating profit: USD340.5 million, -11.5%;
  • Net profit: USD253.2 million, -23.0%;
  • Total assets: USD23,991 million, +2.0% when compared with the period ended 31-Dec-2010;
  • Total liabilities: USD17,323 million, +0.7% when compared with the period ended 31-Dec-2010. [more]

* Based on the conversion rate USD1 = CNY6.6