Loading
26-Aug-2011 11:31 AM

Air China profits fall in 1H2011

Air China revenue up 31% – financial highlights for the six months ended 30-Jun-2011:

  • Revenue: USD7122 million, +31.1% year-on-year;
    • Government grants and subsidies: USD55.3 million, +47.8%;
  • Operating costs: USD6495 million, +35.5%;
    • Fuel: USD2539 million, +53.1%;
    • Labour: USD863.8 million, +33.2%;
  • Operating profit: USD627.3 million, -2.1%;
  • Net profit: USD633.7 million, -12.1%;
  • Passenger load factor: 80.8%, +1.9 ppt;
  • Passenger yield: USD 10.12 cents, +7.0%;
  • Cargo load factor: 59.5%, +0.1 ppt;
  • Cargo yield: USD 28.22 cents, -3.5%;
  • Total assets: USD26,175 million, +5.5% when compared to period ended 31-Dec-2010;
    • Cash and cash equivalents: USD2463 million, +9.5% when compared to period ended 31-Dec-2010;
  • Total liabilities: USD19,041 million, +3.8% when compared to period ended 31-Dec-2010. [more]

*Based on the conversion rate at USD1 = CNY6.4

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More