Air China operating profit up 2% in 2019

Air China Limited reported (31-Mar-2020) the following financial highlights in accordance with International Financial Reporting Standards for the 12 months ended 31-Dec-2019:

• Total operating revenue: CNY140,240 million (USD20,311 million), -0.5% year-on-year;
  
  • Passengers: CNY124,525 million (USD18,035 million), +3.4%;
  • Cargo and mail: CNY5732 million (USD830.2 million), -49.7%;
• Operating costs: CNY125,598 million (USD18,191 million), -0.7%;
  
  • Fuel: CNY35,965 million (USD5209 million), -6.5%;
  • Labour: CNY25,474 million (USD3689 million), +4.2%;
• Operating profit: CNY14,642 million (USD2121 million), +2.1%;
• Net profit: CNY7264 million (USD1052 million), -11.6%;
• Total assets: CNY294,206 million (USD42,611 million);
  • Cash and cash equivalents: CNY8935 million (USD1294 million);
• Total liabilities: CNY192,877 million (USD27,935 million). [more - original PR]

*Based on the average conversion rate at CNY1 = USD0.144832