Air China reports narrowed losses, eyes 2025 recovery

** Air China (SSE:601111) reported a net loss attributable to shareholders of CNY 232.56 million for 2024, a significant narrowing from the CNY 1.04 billion loss in the previous year. While the company experienced substantial increases in revenue, climbing 18.14% to CNY 166.70 billion, and carried 155.3 million passengers reflecting 23.8% growth, increased operating costs, especially aviation fuel, partially offset these gains. The company plans to boost its operational efficiency, expand its network, focus on safety and services. The Board of Directors will not be recommending the payment of a dividend for 2024. It has retired eleven aircraft and introduced thirty-six new aircraft to its fleet. The firm predicts continuing growth in the civil aviation industry for 2025 and plans to accelerate the recovery.