Air China expects 60-80% profit jump for 2015
Air China's net profit for 2015 is likely to jump 60-80% from last year thanks to an increase in revenue and a substantial fall in fuel costs, the carrier said Monday. Air China said in a stock exchange statement it had "captured strong market demand and increased its capacity deployment", which helped to boost revenue. Net profit attributable to equity holders rose to CNY3.78b (US$574.6m) in 2014. Air China said in October its net profit jumped 98.1% from a year earlier in the first 9 months thanks to lower fuel price and robust travel demand. The airline said it had lowered costs in 2015 by "improving the matching of aircraft models, routes and markets, optimising debt structure for interest rate and foreign exchange rate risk aversion, and actively advancing the measures of 'promoting direct sales and lowering agency fees'."<br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-01-26/star/air-china-expects-60-80-profit-jump-for-2015
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Air China expects 60-80% profit jump for 2015
Air China's net profit for 2015 is likely to jump 60-80% from last year thanks to an increase in revenue and a substantial fall in fuel costs, the carrier said Monday. Air China said in a stock exchange statement it had "captured strong market demand and increased its capacity deployment", which helped to boost revenue. Net profit attributable to equity holders rose to CNY3.78b (US$574.6m) in 2014. Air China said in October its net profit jumped 98.1% from a year earlier in the first 9 months thanks to lower fuel price and robust travel demand. The airline said it had lowered costs in 2015 by "improving the matching of aircraft models, routes and markets, optimising debt structure for interest rate and foreign exchange rate risk aversion, and actively advancing the measures of 'promoting direct sales and lowering agency fees'."<br/>
