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Air China (Air China) Accounts Payable & Accrued Expense : $5,983 Mil (As of Mar. 2024)


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What is Air China Accounts Payable & Accrued Expense?

Air China's quarterly accounts payable & accrued expense declined from Sep. 2023 ($5,890 Mil) to Dec. 2023 ($5,440 Mil) but then increased from Dec. 2023 ($5,440 Mil) to Mar. 2024 ($5,983 Mil).

Air China's annual accounts payable & accrued expense declined from Dec. 2021 ($5,403 Mil) to Dec. 2022 ($4,210 Mil) but then increased from Dec. 2022 ($4,210 Mil) to Dec. 2023 ($5,440 Mil).

Air China Accounts Payable & Accrued Expense Historical Data

The historical data trend for Air China's Accounts Payable & Accrued Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Air China Accounts Payable & Accrued Expense Chart

Air China Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Payable & Accrued Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4,390.08 3,856.50 5,403.26 4,210.45 5,439.81

Air China Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Accounts Payable & Accrued Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5,142.73 5,797.08 5,890.24 5,439.81 5,982.57

Air China Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

Air China (Air China) Business Description

Industry
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Traded in Other Exchanges
AICAF:USA 00753:Hong Kong AD2:Germany 601111:China AD2:Austria
Address
30 Tianzhu Road, Airport Industrial Zone, Blue Sky Mansion, Shunyi District, Beijing, CHN, 101312
Website
http://www.airchina.com.cn
Air China is based in Beijing. It is one of the largest state-owned airlines and the flag carrier in China. The group operated a fleet of 762 aircraft as of 2022 and carried more than 115 million passengers in prepandemic 2019. It runs a spoke-and-hub model under which it gathers and distributes passengers from air hubs such as Beijing, Chengdu, and Shanghai. The group's route network extends to over 187 destinations and 43 countries and regions.