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An update from Air China ( (HK:0753) ) is now available.
Air China has issued a profit warning for the financial year 2024, projecting a significant net loss of between RMB0.16 billion to RMB0.24 billion. Despite improvements in operating efficiency and reductions in losses compared to the previous year, the company continues to face challenges due to a complex market environment, increased domestic competition, and volatility in international markets. These factors have contributed to ongoing operational losses, emphasizing the need for stakeholders to exercise caution.
More about Air China
Air China Limited is a major airline company based in the People’s Republic of China, operating in the civil aviation industry. The company provides passenger, cargo, and other aviation-related services, focusing on both domestic and international markets.
YTD Price Performance: 0%
Average Trading Volume: 4,000
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £13.76B
See more data about 0753 stock on TipRanks’ Stock Analysis page.
