China Airlines reports steep decline in profits in first nine months of 2011

China Airlines revenue down 5% - financial highlights for nine months ended 30-Sep-2011:

• Operating revenue: USD3309 million, -4.6% year-on-year;
• Operating costs: USD3069 million, +9.1%;
• Operating expense: USD215.4 million, -12.3%;
• Operating profit: USD24.3 million, -94.1%;
• Net profit: USD7.2 million, -97.9%;
• Total assets: USD6730 million, -5.5%;
• Cash and cash equivalents: USD251.9 million, -37.7%;
• Total liabilities: USD5091 million, -5.4%.

*Based on the conversion rate at USD1 = TWD29.8521