Air China Limited(601111) 2021 net loss of 16.64 billion yuan

On March 30, Air China Limited(601111) disclosed the annual report of 2021. During the reporting period, the company achieved an operating revenue of 74.532 billion yuan, an increase of 7.23% year-on-year; The net loss was 16.64 billion yuan, compared with 14.41 billion yuan in the same period last year. Meanwhile, the operating cost of the company in 2021 was 85.844 billion yuan, with a year-on-year increase of 10.213 billion yuan, an increase of 13.50%.

According to the annual report, Air China Limited(601111) 2021 achieved a revenue of 11.113 billion yuan from cargo and mail transportation, an increase of 2.56 billion yuan year-on-year. Among them, the revenue increased by 1 billion yuan due to the increase of transportation capacity investment, 791 million yuan due to the increase of carrying rate, and 769 million yuan due to the increase of income level.

In addition, Air China Limited(601111) achieved 1.59 million hours of safe flight and 69.05 million passengers.

The annual report shows that the company achieved a passenger revenue of 58.317 billion yuan in 2021, an increase of 2.59 billion yuan year-on-year. Among them, the revenue decreased by 1.291 billion yuan due to the decrease of transportation capacity investment, 1.352 billion yuan due to the decrease of passenger occupancy rate, and 5.233 billion yuan due to the increase of income level.

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