Air China's Q1 net attributable profit plunges 39.8%

Air China's first-quarter net profit attributable to shareholders plunged 39.8% to RMB1.5m, from RMB2.4m.

This was as revenue improved to RMB28.97bn, up 9.8% from RMB26.4m. Air China's operating profits eased to RMB2.4bn, from RMB3.6bn previously. Operating costs rose to RMB23.4bn, from RMB20.0bn.

At 11:32 BST, shares in Air China were flat at 48.85p each.