Air China (HK:0753) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Air China Limited reported a significant rise in passenger traffic and capacity for August 2024, with year-on-year increases of 21.7% in passenger traffic and 12.4% in capacity, alongside a promising growth in international and regional routes. The airline’s cargo operations also saw a year-on-year growth of 35.2%, although there was a slight dip from the previous month. Additionally, Air China expanded its fleet with new aircraft and resumed its Shanghai Pudong – Barcelona route, reflecting ongoing recovery and expansion efforts.
For further insights into HK:0753 stock, check out TipRanks’ Stock Analysis page.