22-Oct-2010 11:15 AM

4Q2010 results to meet expectations, 2011 to outperform 2010: Air China

Air China stated it expects 4Q2010 operational results will meet expectations and it remains optimistic of reporting increased profits in FY2011 (Sina Finance, 20-Oct-2010). Air China added that every 1% appreciation of the Chinese yuan results in a CNY26.4 million (2.4%) increase in profits for the carrier.