Profit will be up 200%, predicts Air China

1/15/2011 9:51:21 AM

Mainland flag carrier Air China expects its net profit to top US$2.2 billion, a growth of 200 percent over 2009. The airline said in a statement to the Shanghai Stock Exchange that preliminary figures show the growth came as the Chinese economy continued to grow rapidly and the global economy recovered. It made US$762 million in net profit in 2009. Profit in the third quarter of 2010 alone reached $780 million, up sixfold on a year earlier, Reuters reported. Full 2010 results will be released later this quarter.   Cargonew Asia

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