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Goldman Sachs pointed out that the third quarterly pre-exceptional net profit of AIR CHINA (00753.HK)  +0.130 (+2.731%)    Short selling $4.04M; Ratio 11.631%   amounted to RMB 2.4 billion, lower than the estimates of Goldman Sachs and market of RMB 3 billion and RMB 2.5 billion respectively.
Goldman Sachs believed that the positive growth in unit revenue was driven by the recovery within the industry. In other words, CHINA EAST AIR (00670.HK)  +0.150 (+5.660%)    Short    selling $2.56M; Ratio 6.335% 
  and CHINA SOUTH AIR (01055.HK)  +0.120 (+4.669%)    Short selling $570.28K; Ratio 1.231%   will also benefit from the growth. Goldman Sachs expected that the profitability of Air China will be improved together with normalization in blended domestics airfares and reducing fuel price. Goldman Sachs maintained the Neutral rating of Air China with the uplift of target price from $4.8 to $4.9. 

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