Air China (UK) (GB:AIRC) has released an update.
Air China Limited reported a significant increase in revenue of 59.83% in the first quarter of 2024, with a notable year-on-year reduction in net losses due to enhanced operational income and strengthened cost control measures. Despite these improvements, the company still posted a net loss, with basic earnings per share at -0.11 RMB. The total assets of the company saw a modest increase of 1.79% compared to the previous year, while the owners’ equity attributable to shareholders saw a slight rise of 0.31%.
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