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

Kaszek makes first aviation AI investment, backing TravelX's trillion-dollar dynamic inventory vision

TravelX announced that Kaszek, Latin America's leading venture capital firm, made a substantial investment in its platform, bringing the company's total funding to $45 million. The invest...

EHang launches Global Fast Track Program to accelerate international commercialization of pilotless eVTOL; Sri Lanka first to adopt

EHang launches its Global Fast Track Program — a structured and accelerated pathway for the assessment and introduction of pilotless eVTOL operations in international markets. Sri Lanka is...

Textron Aviation celebrates 500th Cessna Citation CJ4 delivery as Gen3 era advances

Textron Aviation delivered the 500th delivery of a Cessna Citation CJ4 series business jet, underscoring more than a decade of customer confidence in the company’s largest light jet an...

ATR identifies demand for 209 new domestic air routes in Indonesia

ATR identified 209 new domestic air routes in Indonesia that would be economically viable if served by regional turboprop aircraft. Total demand for these routes is 16 million passengers per...

Android Apps development in Riga, Latvia