Air China's 2024 Attributable Loss Narrows as Revenue Soars; Hong Kong Shares Fall 6%

MT Newswires Live

2025/03/28

Air China's (HKG:0753, SHA:601111) attributable loss narrowed to 232.6 million yuan in 2024 from 1.04 billion yuan in 2023, according to a Thursday filing with the Hong Kong bourse.

Loss per share at the airline narrowed to 0.0147 yuan from 0.0674 yuan a year earlier. Analysts at Visible Alpha estimated loss per share at 0.01 yuan.

Revenue grew to 166.7 billion yuan from 141.1 billion yuan in the previous year. Visible Alpha analysts forecast revenue at 169.1 billion yuan.

Shares slid 6% in Hong Kong and 3% in Shanghai during Friday's afternoon trading.

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