BEIJING-based Air China posted a first half four per cent year-on-year net profit increase to CNY3.47 billion (US$508.5 million), drawn on revenues of CNY64.24, up 11.9 per cent.
'In spite of unfavourable factors such as higher jet fuel prices and depreciation in exchange rates, the group delivered solid results for the period,' said the company statement.
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.
The group has capitalised on market opportunities by optimising its production organisation, stabilising income level and strengthening cost management to reinforce its competitive advantage in the core business.
'In spite of unfavourable factors such as higher jet fuel prices and depreciation in exchange rates, the group delivered solid results for the period,' said the company statement.
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.
The group has capitalised on market opportunities by optimising its production organisation, stabilising income level and strengthening cost management to reinforce its competitive advantage in the core business.