Air China reports USD1.5bn operating loss in 1H2021

Air China reported (28-Aug-2021) the following financial highlights for the six months ended 30-Jun-2021:

• Revenue: CNY37,664 million (USD5.8 billion), +27.1% year-on-year;
  • Passenger: CNY30,895 million (USD4.8 billion), +34.6%;
  • Cargo and mail: CNY4575 million (USD707.0 million), +9.2%;
• Operating costs: CNY41,654 million (USD6.4 billion), +21.9%;
  • Labour: CNY8739 million (USD1.4 billion), +12.6%;
  • Fuel: CNY9915 million (USD1.5 billion), +45.6%;
• Operating profit (loss): (CNY9454 million) (USD1.5 billion), compared to a loss of CNY13,086 million in p-c-p;
• Net profit (loss): (CNY7675 million) (USD1.2 billion), compared to a loss of CNY10,862 million in p-c-p;
• Total assets: CNY214,523 million (USD33.2 billion);
• Cash and cash equivalents: CNY3500 million (USD540.9 million);
• Total liabilities: CNY143,038 million (USD22.1 billion). [more - original PR - Chinese]