Date
24 April 2018

Air China, China Eastern Jan-Sept net profit down, filings say

Air China Ltd. (00753.HK, 601111.CN) said in a regulatory filing on Tuesday that its net profit in the first nine months fell 3.69 percent year on year to 4.06 billion yuan (US$666.72 million), despite foreign exchange gains and lower tax payments. Revenue in the period was down 3.31 percent to 73.78 billion yuan. China Eastern Airlines Corp. Ltd. (00670.HK, 600115.CN) said its net profit fell 0.23 percent to 3.62 billion yuan in the period, while revenue was up 2.42 percent to 67.11 billion yuan. For the third quarter only, Air China posted a net profit of 2.94 billion yuan, while China Eastern’s was 2.92 billion yuan.

– Contact HKEJ [email protected]

TL/AC/SK

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