Load factors fade but profits up at Air China

Air China reported cargo capacity up by almost 11% to 3.157 billion available freight tonne kilometers (AFTK) in the first quarter of 2016 but with cargo traffic up only 4.25%, to 1.556 billion AFTK load factor fell 3% to 49%, year-on-year.
Otherwise, the airline reported steady progress in the face of a slowing global economy. Passenger business grew rapidly, and with operating revenue up 4.4% to RMB26.4 billion, while costs increasing only 2.4% to RMB20bn, net profit to shareholders surged by almost 45%. 
While the aviation industry still faces a number of challenges in 2016, with a steady economy and low oil prices, the Air China Group expects to “maintain stable progress”.

Share this story

Related Topics

Latest airlines news

Virgin Atlantic Cargo increases cargo-only PAX flights by 33%

By Rachelle Harry

This month, following the success of its cargo-only passenger aircraft flights programme in May, Virgin Atlantic Cargo has announced that…

Read More

Share this story

Parcel shippers continue to face transatlantic capacity crunch

By Damian Brett

US package shippers continue to face disruption on the transatlantic trade lane as the US Postal Service (USPS) battles against…

Read More

Share this story

Airfreight rates continue to decline on key trades

By Damian Brett

Airfreight rates out of Shanghai continued on a downward trajectory last week as air cargo capacity on key routes remained…

Read More

Share this story