Air China posted a record profit of CNY4.85 billion ($711.5 million) in 2009, significantly reversed from a net loss of CNY9.26 billion in 2008, saying its fortunes were boosted by a growing domestic market and fuel hedge gains. Revenue decreased 2.9% to CNY51.39 billion while expenses plummeted 26.8% to CNY45.89 billion owing to lower fuel prices. Passenger boardings rose 14.2% to 41.28 million. Traffic grew 9.8% to 75.47 billion RPKs while capacity lifted 7.4% to 98.62 billion ASKs, ...

Subscribe to Access this Entire Article

"Printer-friendly" 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.