Air China reports USD1.5bn operating loss in 1H2021

    Air China reported (28-Aug-2021) the following financial highlights for the six months ended 30-Jun-2021:

    • Revenue: CNY37,664 million (USD5.8 billion), +27.1% year-on-year;
      • Passenger: CNY30,895 million (USD4.8 billion), +34.6%;
      • Cargo and mail: CNY4575 million (USD707.0 million), +9.2%;
    • Operating costs: CNY41,654 million (USD6.4 billion), +21.9%;
      • Labour: CNY8739 million (USD1.4 billion), +12.6%;
      • Fuel: CNY9915 million (USD1.5 billion), +45.6%;
    • Operating profit (loss): (CNY9454 million) (USD1.5 billion), compared to a loss of CNY13,086 million in p-c-p;
    • Net profit (loss): (CNY7675 million) (USD1.2 billion), compared to a loss of CNY10,862 million in p-c-p;
    • Total assets: CNY214,523 million (USD33.2 billion);
    • Cash and cash equivalents: CNY3500 million (USD540.9 million);
    • Total liabilities: CNY143,038 million (USD22.1 billion).
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