50 SKY SHADES - World aviation news

Low Fuel Prices Help Air China Nearly Double Profits

Download: Printable PDF Date: 30 Oct 2015 06:17 (UTC) category:
Publisher:
Low Fuel Prices Help Air China Nearly Double Profits - Finance publisher
Tatjana Obrazcova
Country: China Aircraft: Airplanes
Source: Reuters

Air China said on Thursday its net profit jumped 98.1 percent from a year earlier in the first nine months thanks to lower fuel price and robust travel demand.

Air China made 6.28 billion yuan (US$988.17 million) in January-September, in line with its own forecast. It made 3.17 billion yuan a year earlier, according to a stock exchange filing.

Air China's Hong Kong-listed shares closed down 2.14 percent on Thursday ahead of the results, lagging a 0.6 percent drop in the Hang Seng Index.

China Eastern Airlines also reported strong 9-month results, while China Southern Airlines expected to more than triple its earnings during the period due to lower fuel costs.





Recommended

Honda Aircraft Company celebrates type validation of HondaJet Elite II in Brazil at LABACE 2026

Honda Aircraft Company announced first delivery of HondaJet Elite II in Brazil, marking a significant milestone in the company’s continued commitment to general aviation in South America. The de...

Chapman Freeborn launches in-house ICS2 declaration service

Chapman Freeborn launched an in-house Import Control System 2 (ICS2) declaration service for companies moving cargo into or through Europe.Developed by Chapman Freeborn’s specialist team in Germ...

Introducing latest-generation TBM to a major business aviation market - Daher Aircraft delivers the first TBM 980 in Brazil

The first TBM 980 for a Brazilian customer delivered by Daher Aircraft, marking the introduction of this newest fast and efficient turboprop-powered airplane in a market where the TBM family continues...

Riyadh Air launches Kuala Lumpur service, establishing its first gateway into Southeast Asia

Riyadh Air celebrated the launch of its inaugural service between Riyadh and Kuala Lumpur, establishing its first gateway into Southeast Asia. The inaugural event was celebrated in both cities, kickin...

Android Apps development in Riga, Latvia