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Air China announces US$2.6 billion annual loss, upbeat on long-term recovery trend
April 1st 2022
Air China has reported a 16.6 billion yuan (US$2.6 billion) net loss for the 12 months to December 31, 2021 from a net loss of 14.4 billion yuan in the previous year. Read More » Revenue rose 7.2%, to 74.5 billion yuan, Air China said in a regulatory filing to the Stock Exchange of Hong Kong. Operating expenses were up 12.3% at 95.5 billion yuan. Despite the challenges of the ongoing the pandemic, the Star Alliance member said: "in the long run, demand for air travel will remain strong with huge market potential”. "As the pandemic is brought under control, business travel and holiday tours will continue to be growth drivers of the aviation industry and air travel demand will become increasingly customized and popular," it said.
