FilingReader Intelligence

Air China forecasts 2024 loss despite market recovery

January 17, 2025 at 04:20 PM UTCBy FilingReader AI

Air China (SSE:601111) projects a net loss between RMB 1.60 billion and RMB 2.40 billion for 2024. This comes despite improved market conditions and cost-cutting measures. The airline attributes the continued loss to increased domestic competition, international market uncertainties, and fluctuating fuel and exchange rates. Excluding non-recurring items, the projected loss is significantly higher, ranging from RMB 19 billion to RMB 27 billion. This contrasts sharply with the 2023 net loss of RMB 10.46 billion. The company emphasizes that these figures are preliminary and unaudited. The official audited results will be released in the 2024 annual report.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

SSE:601111Shanghai Stock Exchange
Airlines

News Alerts

Get instant email alerts when Air China publishes news

Free account required • Unsubscribe anytime

Filing Activity Timeline

View Complete Filing History →