Air China revenue up 19% in 2011, operating profit down 43%

Air China revenue up 19.3% - financial highlights for the 12 months ended Dec-2011:

• Revenue: USD15,600.9 million, +19.3% year-on-year;
• Operating costs: USD14,608.7 million, +28.8%;
  • Fuel: USD5501.5 million, +44.0%;
  • Labour: USD1945.2 million, +24.5%;
• Operating profit: USD992.2 million, -42.7%;
• Net profit: USD1122.8 million, -41.0%;
• Passenger load factor: 81.5%, +1.4 ppts;
• Passenger yield: USD 10.78 cents, +6.3%;
• Capacity (ASKs): +14.8%;
• Cargo load factor: 59.3%, -2.4 ppts;
• Cargo yield: USD 28.38 cents, -3.2;
• Capacity (AFTKs): +4.2%. [more - original PR]

*Based on the conversion rate at USD1 = CNY6.30795