JOC Staff | Aug 30, 2012 3:05PM EDT
Air China Ltd. said its profit fell 76.7 percent in the first half of 2012 to RMB945 million ($149 million), as higher fuel costs and slowing demand weighed on its performance.
Cargo revenue was down 22.7 percent year-over-year at $604.7 million. Cargo capacity, measured by available freight ton kilometers, was 3.98 billion, down 1.3 percent, and cargo traffic was 2.26 billion revenue freight ton kilometers, down 5.7 percent. The company said its cargo and mail load factor was 56.9 percent, a decrease of 2.6 percentage points compared with the same period in 2011.