Air China ( (AIRYY) ) has released its Q4 earnings. Here is a breakdown of the information Air China presented to its investors.
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Air China, a major airline company based in the People’s Republic of China, operates primarily in the air passenger and cargo service industry, with a significant presence in both domestic and international markets.
In its latest earnings report for 2024, Air China reported a revenue of RMB166,699 million, marking a notable increase from the previous year. However, the company faced a net loss attributable to equity shareholders amounting to RMB233 million, reflecting ongoing challenges in the aviation sector.
Key financial metrics revealed an increase in operating expenses, particularly in jet fuel and employee compensation costs. Despite these challenges, Air China expanded its international routes and increased its available seat kilometers by 22% year-on-year. The company also focused on enhancing aircraft utilization and operational efficiency, which contributed to a reduction in overall losses compared to the previous year.
Looking ahead, Air China aims to continue its focus on safety, operational efficiency, and expanding its international presence. The management remains committed to improving financial outcomes and operational performance, positioning the company for future growth in the competitive aviation market.