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