An update from Air China ( (HK:0753) ) is now available.
Air China has reported its audited consolidated financial results for the year ending December 31, 2024, showing a revenue of RMB166,699 million but a net loss of RMB233 million attributable to equity shareholders. Despite increased revenue compared to 2023, the company faced higher operating expenses, particularly in jet fuel and employee compensation, leading to the decision not to distribute profits for the year. The financial results indicate challenges in maintaining profitability amidst rising costs, impacting the company’s financial stability and stakeholder returns.
More about Air China
Air China Limited is a major airline company based in the People’s Republic of China, providing passenger and cargo air transportation services. It operates in the aviation industry and focuses on both domestic and international markets.
YTD Price Performance: 0.00%
Average Trading Volume: 4,000
Technical Sentiment Signal: Sell
Current Market Cap: £13.01B
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