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1-Apr-2020 1:25 AM

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, -0.5% year-on-year;
    • Passengers: CNY124,525 million, +3.4%;
    • Cargo and mail: CNY5732 million, -49.7%;
  • Operating costs: CNY125,598 million, -0.7%;
    • Fuel: CNY35,965 million, -6.5%;
    • Labour: CNY25,474 million, +4.2%;
  • Operating profit: CNY14,642 million, +2.1%;
  • Net profit: CNY7264 million, -11.6%;
  • Total assets: CNY294,206 million;
    • Cash and cash equivalents: CNY8935 million;
  • Total liabilities: CNY192,877 million. [more - original PR]

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

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