Air China has reported a net profit of 12 billion yuan ($717.8 million) for 2010 as compared with 4.9 billion yuan reported last year.
It posted an operating profit of 11 billion yuan, compared with an operating profit of 5.5 billion yuan in 2009.
Revenues grew 61% to 82 billion yuan, while operating expenses increased 56% to 72 billion yuan, says the Star Alliance carrier.
It achieved a substantial increase in its profit from operations by active marketing, operation management and further exploration of its cost potential, while increase in its equity investments in airlines like Cathay Pacific and Shenzhen Airlines also contributed to the growth, says Air China.
In 2010, the airline introduced 30 new aircraft, while retired 10 aircraft from its fleet.
In terms of traffic, RPKs grew 40% and the passenger numbers rose 45% to 60 million passengers, while the total amount of cargo carried grew 38% to 1.35 million tones. Overall passenger capacity, as measured in ASKs, grew 34%.Its passenger load factor rose 3.5 percentage points to 80.03% from a year ago.
In 2011, the airline says it will look to benefit from development opportunities provided by the country's rapid and steady economic growth.
In addition, the airline aims effective implementation of its strategies to maintain leading profitability, improve and enhance service quality, and achieve sustainable and healthy development.
Source: Air Transport Intelligence news
