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  1. Europe's Carriers may lose US$1.1b

    Posted Jun 12th 2012, 12:00am

    ... signs have been observed in the United States. The profit forecast for US carriers was revised up to US$1.4 billion, from US$900 million. Forecast profits for the industry worldwide remained unchanged at US$3 billion. The chiefs of the mainland airlines said mainland carriers were heading for a bigger challenge this year than in the global financial crisis more than three years ago ...

  2. Carriers to expand fleets by up to 14pc despite fears of overcapacity

    Posted Jan 12th 2011, 12:00am by Charlotte So

    ... analysts said. Air China, China Southern Airlines, China Eastern Airlines, Hainan Airlines and other mainland carriers will take delivery of 290 planes in 2011, compared with orders of fewer than ... for mainland carriers is good for this year, but there are still some concerns, Wang said. These included uncertainty about the global economic recovery, oil prices, the consolidation under way among ...

  3. Big Three carriers want fuel surcharges revived

    Posted Jul 10th 2009, 12:00am by Charlotte So

    ... The mainland's Big Three airlines have applied for a resumption of fuel surcharges on domestic routes to offset jet fuel price rises totalling almost 1,500 yuan (HK$1,702) per tonne so far this year. The joint application was filed by China Southern ...

  4. Recovery of carriers fragile amid price war and overcapacity

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

    ... into which they normally pay. The refund by the Civil Aviation Administration of China is considered a remedy in the absence of exchange gains for the carriers. As a result, China Eastern and China ... losses in its oil hedging contracts amid high oil prices last year, Air China was set to regain its position as the most profitable carrier, a recent Nomura report said. Sales dive The Big Three ...

  5. Garuda rebound offers lessons for Chinese carriers

    Posted Oct 12th 2009, 12:00am by Charlotte So

    ... Charlotte So Garuda Indonesia is named after a mythical bird but there is nothing make-believe about the turnaround the government-owned carrier has experienced in the past four years. ... structure, had earned it the kind of reputation China's state-owned carriers suffer today. That is why Satar's blueprint for turning the airline around has a lot of significance ...

  6. Big three carriers in line for 3.1b yuan handout

    Posted Jul 30th 2009, 12:00am by Charlotte So

    ... government handout for the Beijing-based carrier, the Shanghai Securities News reported, citing aviation sources. China Southern Air Holding, which has received 3 billion yuan, will get another 1.5 ... to the report. Neither China Southern Airlines nor its parent has received official notice from the government about the latest bailout, said Xie Bin, a spokesman for the carrier. He said China Southern ...

  7. Regulator puts plan for regional carrier in doubt

    Posted Feb 04th 2008, 12:00am by Staff Reporter

    ... A plan by China Eastern Airlines and aircraft maker China Aviation Industry Corp I (Avic I) to form a regional carrier may have stalled, with the industry regulator ruling out approvals ... Airlines last month. With the deal blocked, it had become more difficult for the Shanghai-based carrier to find the 400 million yuan it agreed to invest in the airline venture, the newspaper said. ...

  8. Tokyo and Seoul offer slots for mainland carriers

    Posted Jul 24th 2006, 12:00am by Charlotte So

    ... at Tokyo's Narita Airport would be allocated to mainland carriers that agree to open scheduled passenger services to Brazil. 'The time slots at Narita are as precious as, if not more precious than, slots at Beijing,' the official said. 'These conditional offers will serve as an impetus to mainland carriers to exploit new markets.' Meanwhile, the official said 14 of 21 ...

  9. Nation's carriers face rough landing over plan to lift fees

    Posted Feb 10th 2006, 12:00am by Russell Barling

    ... the proposal could increase individual operating costs for China's main carriers by 'several hundred million' yuan per year, a senior executive from one of the mainland's Big Three airlines told Below Deck yesterday. Given that two of those carriers - China Southern and China Eastern - have issued guidance to the market that their earnings for last year will fall at least 50 ...

  10. Mainland carriers face higher charges for international flights

    Posted Jan 31st 2008, 12:00am by Charlotte So

    ... rates for domestic and foreign carriers. Currently, mainland airlines on international flights pay lower landing fees at domestic airports than foreign carriers. The fee increases will be phased ... of the move. The impact for airports would be mixed, said Daiwa Institute of Research analyst Kelvin Lau. Beijing Capital Airport could charge a Boeing 737 operated by a domestic carrier 15 per cent ...




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