Air China is the largest airline in the world by market value and it reported more than a 100% increase in first half profits.
Not from a jump in passenger traffic though. From profits on its fuel hedging strategies. More than half of its profits were from gains on its futures contract holdings.
Related Posts
- Wuxi profits double (05/26/08)
- China Southern airlines profits plummet by 97% (08/31/09)
- Profits jump at China Life (08/25/09)
- 10 Asian stocks set to double (09/24/08)
- Air China profits jump 147% (04/25/08)
{ 0 comments… add one now }