Air China reports 2016 net income up 0.4%
Air China has posted a net income of CNY6.8b (US$978m) in 2016, up 0.4% over a net profit of CNY6.8b in 2015, according to the domestic accounting standard. Operating revenue for the year grew 4.6% to CNY114b, while operating expenses increased 4.2% to CNY87.2b. The carrier cited strong international and domestic market demand, as well as challenges including a sluggish cargo market demand, erupting geopolitical events, intensifying industrial competition and constantly appreciating US dollars as main reasons for the performance. Passenger capacity jumped 8.6% to 233.2b ASKs against an increase of 9.6% in passenger revenue to 188.2b RPKs. Passenger boardings rose 7.6% to 96.6m with an average load factor of 80.7%, up 0.75 point over 2015. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-04-04/star/air-china-reports-2016-net-income-up-0-4
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Air China reports 2016 net income up 0.4%
Air China has posted a net income of CNY6.8b (US$978m) in 2016, up 0.4% over a net profit of CNY6.8b in 2015, according to the domestic accounting standard. Operating revenue for the year grew 4.6% to CNY114b, while operating expenses increased 4.2% to CNY87.2b. The carrier cited strong international and domestic market demand, as well as challenges including a sluggish cargo market demand, erupting geopolitical events, intensifying industrial competition and constantly appreciating US dollars as main reasons for the performance. Passenger capacity jumped 8.6% to 233.2b ASKs against an increase of 9.6% in passenger revenue to 188.2b RPKs. Passenger boardings rose 7.6% to 96.6m with an average load factor of 80.7%, up 0.75 point over 2015. <br/>
