Air China 747-400. By Rob Finlayson Air China (CA) reported a net profit of CNY7.082 billion ($1.12 billion) for 2011, down 41% from CNY12 billion in the year-ago period (ATW Daily News, March 31, 2011). Operating revenue climbed 19.3% to CNY 98.41 billion while operating expenses jumped 29% to CNY92.15 billion due to rising fuel expenses, which increased by 44% to CNY34.7 billion. The carrier also cited “intensified domestic and international competition” that led to ...

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