23-Apr-2010 9:21 AM
Air China reports USD318m profit in 1Q2010
Air China reports (23-Apr-2010) the following financial/traffic highlights for the three months ended 31-Dec-2009, according to Chinese accounting standard:
- Revenue*: USD2,153 million, +30.7% year-on-year; (primarily due to the rapid expansion of air transport demand)
- Operating costs: USD1,978 million, +22.5%; (primarily due to the additional jet fuel cost as a result of the increasing oil price)
- Operating profit: USD372 million, +894%;
- Net profit: USD318 million, +121%. [more]
* Based on the exchange rate: 1 CNY = 0.146499 USD