Return to full year profit is still on the cards for Air China

Air China still expects to return to profit this year as passenger numbers grow, at least partly on the back of government stimulus measures to help revive domestic air travel. [1014 words]

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This report contains the following subheadings:

• April results provide a mixed picture
• Still no State Aid - despite handouts to others
• A more cautious approach to Capital Expenditure
• Air Express services to capitalise on domestic market growth
• A branch operation in Wuhan

This report contains the following charts and tables:

• Air China passenger number growth and cargo volume growth: Apr-08 to Apr-09