Air China saw its net profit shrink 9.5% to CNY3.1 billion ($451 million) in the 2019 first half. After factoring non-recurring gain and losses, net profit stood at CNY3 billion, down 3.5% year-over-year (YOY).  First-half revenue was up 1.7% YOY to CNY65 billion. Operating costs increased 1% YOY to CNY54.8 billion. Passenger revenue rose 5.2% YOY; however, the sale of its majority Air China Cargo shares to parent company China National Aviation Capital Holding saw its cargo revenue ...

Subscribe to Access this Entire Article

"Air China 1H net profit falls as costs rise; will develop hub network" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? Log in here.