Air China sees healthy 2019 1Q financials
Air China has posted a 2019 Q1 profit that increased 3.6% year on year (YOY) from CNY2.7b ($402.2m) from CNY2.6b. For the first three months, Air China’s revenue was CNY32.6b, up 3% YOY. After deducting non-recurring profits and losses, Air China’s net profit was CNY2.6b. “In the first quarter of 2019, the group achieved positive operating result by optimizing production organizations, increasing operating efficiency, refining yield control and maintaining strict cost control,” the carrier said. Total operating costs went up by 4.8% YOY to CNY29.6b, although items like general administrative expenses were down 2.4%.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-05-03/star/air-china-sees-healthy-2019-1q-financials
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Air China sees healthy 2019 1Q financials
Air China has posted a 2019 Q1 profit that increased 3.6% year on year (YOY) from CNY2.7b ($402.2m) from CNY2.6b. For the first three months, Air China’s revenue was CNY32.6b, up 3% YOY. After deducting non-recurring profits and losses, Air China’s net profit was CNY2.6b. “In the first quarter of 2019, the group achieved positive operating result by optimizing production organizations, increasing operating efficiency, refining yield control and maintaining strict cost control,” the carrier said. Total operating costs went up by 4.8% YOY to CNY29.6b, although items like general administrative expenses were down 2.4%.<br/>
