Air China Limited (HKEX: 00753; LSE: AIRC; SSE: 601111; ADR OTC: AIRYY), has announced its first quarter results of 2018, the company said.
In the first quarter of 2018, the Chinese economy developed steadily. As residents´ demand for travel was strong, air passenger traffic maintained steady growth while demand in the cargo market continued to improve.
During the Period, the Group recorded operating income of RMB31.607 billion, an increase of 9.11% over the same period of last year. Total operating cost was RMB 28.230 billion, an increase of 6.71% over the same period of last year. Total profit was RMB4.024 billion, an increase of 66.31% over the same period of last year, and net profit attributable to shareholders of listed companies was RMB2.628 billion, an increase of 79.23% over the same period of last year.
During the Period, the Group´s passenger capacity, measured by Available Seat Kilometers (ASK) increased by 10.96% year on year to 65.758 billion. The passenger traffic, measured by Revenue Passenger Kilometers (RPK) was 53.350 billion, an increase of 9.75% year on year.
In terms of air cargo, the Available Freight Tonne Kilometers (AFTK) amounted to 3.518 billion, up 9.81% year on year, while the Revenue Freight Tonne Kilometers (RFTK) amounted to 1.803 billion, up 10.90% year on year. The cargo and mail load factor was 51.26%, up 0.51 percentage points year on year.
Air China is the national flag carrier of China and a provider of passenger, air cargo and airline-related services and products in China. Its operational headquarters is in Beijing, a major domestic and international hub in China. It also provides airline-related services, including aircraft maintenance, ground handling services in Beijing, Chengdu, and other locations. For further details, visit Air China´s website: www.airchina.com.cn.