Air China 2018 net profit rises on traffic growth
Improved passenger traffic revenue helped Air China post a 2018 net profit of CNY7.3b <br/>(US$1.07b), up 1.3% from CNY7.2b in the previous year. The group’s total revenue was up 12.7% year-over-year to CNY136.8b, despite increased fuel prices and a weakened Chinese currency. Operating costs rose at about the same rate to CNY126.4b. Yield grew 2.9%. Air China’s revenue reached CNY84.5b, up 12.2% YOY, with domestic revenue accounting for CNY49.8b, increasing 8.6%. Domestic passenger traffic, measured in RPKs, increased 6.4% YOY, while capacity, measured in ASKs, grew 7.5%. The airline’s international business performed better, with revenue growing 18.8% to CNY32.1b. International RPKs were up 13.1% and ASKs rose 14.1%. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-03-29/star/air-china-2018-net-profit-rises-on-traffic-growth
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Air China 2018 net profit rises on traffic growth
Improved passenger traffic revenue helped Air China post a 2018 net profit of CNY7.3b <br/>(US$1.07b), up 1.3% from CNY7.2b in the previous year. The group’s total revenue was up 12.7% year-over-year to CNY136.8b, despite increased fuel prices and a weakened Chinese currency. Operating costs rose at about the same rate to CNY126.4b. Yield grew 2.9%. Air China’s revenue reached CNY84.5b, up 12.2% YOY, with domestic revenue accounting for CNY49.8b, increasing 8.6%. Domestic passenger traffic, measured in RPKs, increased 6.4% YOY, while capacity, measured in ASKs, grew 7.5%. The airline’s international business performed better, with revenue growing 18.8% to CNY32.1b. International RPKs were up 13.1% and ASKs rose 14.1%. <br/>
