Air China Reports 1.71 Billion Yuan First Quarter Profit
Air China reported a net profit of 1.71 billion yuan for the first quarter. This reverses a 2.04 billion yuan loss recorded during the same period last year.
Xurve View
Insights:
Xurve View
AIR CHINA LTD-A reported a 1.71 billion yuan ($250.26 million) net profit for the first quarter on Wednesday midday. The result reverses a 2.04 billion yuan loss recorded during the same period in the previous year. The return to profitability signals a recovery for the flagship carrier of China following a period of losses.
### Flagship Carrier Ends Loss Streak Air China posted the 1.71 billion yuan profit in a stock exchange filing on Wednesday. This figure marks a swing from the 2.04 billion yuan loss reported a year earlier.
