Air China Limited (Air China) announced its semi-annual financial report on June 30, 2024. The report shows that the company's revenue reached 795,203.32 million yuan, an increase of 33.39% compared to 596,131.93 million yuan in the same period last year. However, the company's net loss was 10,819.72 million yuan, even though the loss decreased compared to 8,982 million yuan in the same period last year. EBITDA and EBITDAR were 129,433.13 million yuan and 13,551,345 million yuan respectively, indicating an improvement in the company's operational efficiency. As of June 30, 2024, Air China's total assets were 3,454,003.48 million yuan, and total liabilities were 3,115,516.72 million yuan. The company's debt ratio slightly decreased from 2.30 at the end of 2023 to 2.33. In terms of operation, passenger traffic and cargo traffic increased...Show More

Air China Limited (Air China) announced its semi-annual financial report on June 30, 2024. The report shows that the company's revenue reached 795,203.32 million yuan, an increase of 33.39% compared to 596,131.93 million yuan in the same period last year. However, the company's net loss was 10,819.72 million yuan, even though the loss decreased compared to 8,982 million yuan in the same period last year. EBITDA and EBITDAR were 129,433.13 million yuan and 13,551,345 million yuan respectively, indicating an improvement in the company's operational efficiency. As of June 30, 2024, Air China's total assets were 3,454,003.48 million yuan, and total liabilities were 3,115,516.72 million yuan. The company's debt ratio slightly decreased from 2.30 at the end of 2023 to 2.33. In terms of operation, passenger traffic and cargo traffic increased by 33.38% and 210.41% respectively, demonstrating a strong recovery in market demand. Among Air China's shareholders, China National Aviation Holding Corporation holds a 39.57% stake as the largest shareholder. In terms of corporate governance, Patrick Healy was appointed as the company's chairman on August 9, 2024. In addition, the company's fleet renewal plan indicates the introduction of several new aircraft models to enhance operational capabilities and efficiency.