Air China 1H net profit falls as costs rise; will develop hub network
Credit: Rob Finlayson
Air China saw its net profit shrink 9.5% to CNY3.1 billion ($451 million) in the 2019 first half. After factoring non-recurring gain and losses, net profit stood at CNY3 billion, down 3.5% year-over-year (YOY). First-half revenue was up 1.7% YOY to CNY65 billion. Operating costs increased 1% YOY to...
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