Air China Cargo (001391.SZ) expects a net profit of 1.8 billion to 1.99 billion in 2024, a year-on-year increase of 56% to 73%.

Air China Cargo (001391.SZ) disclosed its performance forecast for 2024, with the company expecting a net profit attributable to the shareholders of the listed company of 18 billion to 19.9 billion yuan, a year-on-year increase of 56% to 73%. After deducting non-recurring gains and losses, the net profit is expected to be 17.76 billion to 19.76 billion yuan, a year-on-year increase of 64% to 83%. It is reported that the main reason for the performance growth is the gradual normalization of operations in the air cargo industry and the gradual stabilization of the global supply chain system. In addition, the strong demand for air cargo from cross-border e-commerce, as well as the gradual recovery of air cargo prices and freight turnover volume from the industry's low point at the beginning of 2023, have led to a significant year-on-year improvement in performance in 2024.