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  1. Air China to delay purchase of China Eastern

    Posted Sep 18th 2008, 12:00am by Charlotte So

    ... Charlotte So Air China has postponed plans to buy China Eastern Airlines Corp as the airline industry might take as long as two years to recover from the financial turmoil in the United ... Mr Kong said commercial considerations should give way to government decisions when it came to industry consolidation, contrasting Mr Li's market-driven motive behind Air China ...

  2. Air China cancellations leave passengers in Hong Kong irate

    Posted Jan 05th 2010, 12:00am by Staff Reporter

    ... Air China came under fire yesterday from hundreds of disgruntled passengers after cancelling flights to Beijing from Hong Kong. Other flights were delayed for hours. Stranded passengers crowded the airport's check-in counters as heavy snowstorms cut flights to and from northern China and South Korea. Flights by six airlines were affected. Two Air China flights to Beijing ...

  3. Air China passenger numbers hit by quake

    Posted Jun 17th 2008, 12:00am by Charlotte So

    ... Charlotte So Air China carried 10.7 per cent fewer passengers last month due to slowing demand and the cancellation of nearly 1,000 flights after the earthquake in Sichuan. 'Chengdu is the second-biggest air hub of Air China so the impact (of the earthquake) on us was bigger than on other carriers,' an Air China spokesman said yesterday. 'Some 985 flights were cancelled and 623 ...

  4. Air China results to be strongest of big three airlines

    Posted Aug 24th 2009, 12:00am by Charlotte So

    ... Charlotte So Air China, the world's biggest airline by market capital, is expected to report the strongest first-half results among the big three mainland airlines, thanks to a huge write-back from fuel hedging contracts and higher demand in domestic air travel. China Southern Airlines, the mainland's biggest airline by fleet size, however, will see a dip in net profit ...

  5. Air China chief takes safe route in stormy weather

    Posted Oct 13th 2008, 12:00am by Charlotte So

    ... became chairman of Air China in April in the midst of one of the most turbulent periods in commercial aviation. With the global economy in crisis and oil prices surging, he faced the biggest ... in May. In addition, tighter security during the Beijing Olympic Games affected travel to the capital and other major centres. Air China, the nation's most profitable airline, has not been ...

  6. US Air Force takes aim at China's foreign reserves

    Posted Jan 23rd 2009, 12:00am by Tom Holland

    ... domestic product- even before Washington imposed sweeping trade sanctions. The damage inflicted on the Chinese economy would be enormous. The US Air Force can rest easy. China's foreign ... with Tom Holland Cold war paranoia didn't die out when the Berlin Wall came down. It's alive and kicking today, and targeted at China's US$2 trillion foreign exchange ...

  7. Air China seeks deals as fuel cuts 15pc off earnings

    Posted Aug 27th 2008, 12:00am by Charlotte So

    ... Charlotte So Air China, whose profit dropped 15 per cent in the first half, said consolidation in the industry would provide it with new opportunities as airlines faced strong headwinds. 'We observe that mergers and acquisitions are taking place among international airlines, which will result in a changing landscape of the industry,' said Air China's head of investor ...

  8. China Eastern expects further fall in air traffic

    Posted Aug 27th 2008, 12:00am by Charlotte So

    ... Charlotte So China Eastern Airlines Corp, which posted a surprise loss for the first half of the year, expects air traffic to weaken further in the second half because of mainland ... for this year and 88 per cent to 165 million yuan next year. China Eastern reported a 10.6 per cent year-on-year fall in overall passenger numbers in July, the fourth consecutive month of decline. ...

  9. Recovery of carriers fragile amid price war and overcapacity

    Posted May 02nd 2009, 12:00am by Charlotte So

    ... and overcapacity and failed to demonstrate any real recovery. Air China was the first to report a turnaround, posting net profit of 981.21 million yuan (HK$1.11 billion), 5.68 per cent below the same ... at risk. Revenue at Air China, the best performer among the three, fell 11.82 per cent in the first quarter, implying that passenger yields fell about 15 per cent year on year. Passenger yield ...

  10. Mainland air traffic grows at fastest pace in 3 years

    Posted Jul 29th 2009, 12:00am by Charlotte So

    ... The mainland could be the only Asian economy to post an increase in passenger air traffic this year, a research report by HSBC Holdings said yesterday. China Southern Airlines, Air China, China Eastern ... after a US$10.4 billion deficit last year. It came after Air China, China Eastern and Cathay Pacific Airways posted hefty deficits last year. China Eastern was weighed down by debt of 55.9 ...




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