Air China reports USD972m operating loss in 1Q2020

    Air China reported (29-Apr-2020) the following financial highlights for three months ended 31-Mar-2020:

    • Total operating revenue: CNY17,256 million (USD2.5 billion), -47% year-on-year;
    • Total operating costs: CNY23,823 million (USD3.4 billion), -19.5%;
    • Operating profit (loss): (CNY6789 million) (USD972.4 million), compared to a profit of CNY3980 million in p-c-p;
    • Net profit (loss): (CNY5616 million) (USD804.4 million), compared to a profit of CNY3237 million in p-c-p;
    • Total assets: CNY293,524 million (USD42 billion);
    • Cash and bank: CNY11,197 million (USD1.6 billion);
    • Total liabilities: CNY197,356 million (USD28.3 billion).