Companies

Air China warns on 2011 profit

(China Daily)
Updated: 2011-05-12 13:15

Air China Ltd, the country's flag carrier, expects its full-year net profit to fall below the 2010 level, the company's chairman said on Wednesday.

Kong Dong cited high steel prices and disruption to flights to Japan in the wake of the March 11 earthquake and tsunami for the lowered outlook. Competition from China's high-speed railway was also a factor said Kong.