Air China Limited operating profit up 2% in 1H2019

28 August, 2019

Air China Limited reported (28-Aug-2019) the following financial highlights for the six months ended 30-Jun-2019:

  • Total operating revenue: CNY67,245 million (USD9912 million), +1.6%;
    • Passenger: CNY59,851 million (USD8822 million), +5.2%;
    • Cargo and mail: CNY2830 million (USD417.2 million), -44.2%;
  • Total operating costs: CNY60,502 million (USD8918 million), +1.6%;
    • Fuel: CNY17,615 million (USD2596 million), +0.2%;
    • Labour: CNY11,761 million (USD1733 million), +1.4%;
    • Take off, landing and depot charges: CNY8055 million (USD1187 million), +9.3%;
  • Operating profit: CNY6742 million (USD993.8 million), +1.5%;
  • Net profit: CNY3500 million (USD516.0 million), -10.4%;
  • Passenger yield: CNY0.5214 (USD 7.7 cents), -1.3%;
    • International: CNY0.4086 (USD 6.0 cents), +0.1%;
    • Domestic: CNY0.5830 (USD 8.6 cents), -1.2%;
    • Regional: CNY0.6821 (USD 10.1 cents), -1.5%;
  • Operating cost per ASK: CNY0.4269 (USD 6.3 cents), -0.7%;
  • Total assets: CNY285,454 million (USD42,076 million);
    • Cash and cash equivalents: CNY7625 million (USD1124 million);
  • Total liabilities: CNY188,487 million (USD27,783 million). [more - original PR]

*Based on the average conversion rate at CNY1 = USD0.1474