Air China expects its first-half net profit to plummet 55% to 65% compared with the net income of CNY1.12 billion ($182 million) in the year-ago period. According to Air China’s written statement released by Shanghai Stock Exchange, the carrier attributed the sharp decline to exchange losses resulting from yuan depreciation. Earlier this week, China Southern Airlines also reported a first-half net loss of CNY900 million to CNY1.1 billion ($146 million to ($178 million) compared with a ...

Subscribe to Access this Entire Article

"Air China predicts 1H net profit to drop over 55% " is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.