Air China reports Y-O-Y revenue of RMB 64bn

Hong Kong-based Air China Limited (HKEX: 00753) (LSE: AIRC) (SSE: 601111) (ADR OTC: AIRYY) has reported an 11.96% Y-O-Y increase in revenue to RMB 64.242bn, the company said.

For the 6 months ended June 30, 2018, the company reported:

Operating expenses increased 12.53% year-on-year to RMB59.574 billion
Earnings per share attributable to equity shareholders of the Company increased 4.05% year-on-year to RMB3.476 billion
Profit per share slightly decreased 0.04% year-on-year to RMB0.25

In the first half of 2018, China passenger aviation market grew steadily in demand and supply while outbound travel and international traffic demand continued to rise with a rapid growth, and there was a faster growth in capacity supply.

As at the end of June 2018, the Company´s passenger routes have expanded to 434 in total, across six continents of the world, comprising 308 domestic, 109 international and 17 regional routes. The Company´s network covered 42 countries and regions and 189 cities, including 69 international, 4 regional and 116 domestic cities. Through Star Alliance, the Company´s route network extended to 1,317 destinations in 193 countries.