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Air China nets profit of 885 mln yuan in Q3

Tue. October 27, 2009; Posted: 11:15 PM
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Beijing, Oct 27, 2009 (Xinhua via COMTEX) -- AICAF | Quote | Chart | News | PowerRating -- Chinese airline giant Air China (00753.HK; 601111.SH) reaped net profit of 885 million yuan in the third quarter, against the net loss of 1.972 billion yuan in the same period of last year.

Its operating turnover totaled 14.054 billion yuan in the period, up 1.31 percent year on year.

The operating cost of the airline company marked at 11.283 billion yuan in the third quarter, down 15.32 percent year on year.

The reduction of operating cost is mainly due to the decline of jet fuel oil price. The average purchase price of the jet fuel oil in the third quarter declined from 8,829 yuan per ton in the same period of last year to 4,999 yuan per ton. The purchase cost of jet fuel oil in the quarter dropped to 3.996 billion yuan, 2.501 billion yuan less year on year.

The following is a table showing Air China's main business indicators for the third quarter of 2009: July-Sept. (2009) July-Sept. (2008) Earnings per share (yuan) 0.07 -0.17 Operating turnover (million yuan) 14,054 13,873 Operating cost 11,283 13,324 Operating profit 1,268 -2.381 Net profit attributable to group (million yuan) 885 -1,972 Enditem

For full details for AICAF click here.

    


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