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

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