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  • Dec 29, 2014
  • Updated: 5:00am

Air China

Air China is the flag carrier and one of the major airlines of the People's Republic of China. Based in Beijing it is one of the world’s largest airlines in terms of fleet size but ranks behind its main competitors, China Southern Airlines and China Eastern Airlines, in terms of passenger traffic.

Air China blames yuan depreciation for 55.42pc fall in first-half profit

Air China said "its passenger and cargo transport business achieved an above average performance". Photo: AFP

Air China reported a 55.42 per cent fall in first-half earning to 510 million yuan (HK$642.5 million) as mainland airlines suffer from the depreciating yuan.

Wednesday, 27 August, 2014, 1:27pm

Air China hit hard as yields tumble

Air China

Beijing-based Air China said net profit sank 32 per cent last year to 3.26 billion yuan (HK$4.07 billion) as revenue per passenger slid and air cargo operations bled from soft demand and overcapacity in the industry.

26 Mar 2014 - 5:55am

Weak passenger revenues could offset fuel cost savings at Big Three airlines

Guangzhou-based China Southern could report a 36 per cent slump in net profit to 2.35 billion yuan on Friday. Photo: Bloomberg

Weak passenger yields last year could weigh on earnings at the mainland's Big Three airlines, with China Southern Airlines and Air China expected to report a drop in net profit despite benefiting from lower prices of jet fuel.

Together with China Eastern Airlines, they are scheduled to report their final results next week.

22 Mar 2014 - 12:35am

Yuan rise helps Chinese carriers

Yuan rise helps mainland carriers Air China and China Eastern to shore up earnings. Photo: Bloomberg

Yuan appreciation helped shore up earnings at Air China and China Eastern Airlines in the first nine months of the year, with analysts predicting that fourth-quarter business could benefit from a recovery in business travel.

30 Oct 2013 - 3:31am

Air China pilot prepares for take-off by cleaning windscreen at Chek Lap Kok

The Air China pilot wipes the windscreen. Photo: Red Door News

As drivers, it's something we've all done. You're about to set off when you suddenly notice a nasty, large smudge on your windscreen - so you lean out of your window and wipe it off with your handkerchief. The manoeuvre is a somewhat more complicated and eye-catching, however, when your vehicle is an Airbus A321 and you're about to set off on a flight from Hong Kong to Beijing with 180 passengers on board.

13 Oct 2013 - 5:29am 5 comments

Air China denies serving expired food after dozens fell sick on flight

Air China has been accused of feeding passengers with out-of-date food. Photo: Weibo screenshot

Air China, a leading carrier in the mainland, has denied accusations that it fed passengers on a domestic flight out-of-date beef pancakes, making at least a dozen sick.

8 Oct 2013 - 2:51pm 1 comment

Air China says domestic routes showing signs of a rebound

Air China hints at blue skies for domestic flights.

The drop in air fares on the mainland will narrow in the second half of the year as demand on domestic routes shows signs of a rebound, Air China said.

30 Aug 2013 - 3:40am

Currency gains help keep Air China in the black

Air China's net profit margin dropped to 2.5 per cent in the first half, from 5.44 per cent in 2012.

Yuan appreciation has continued to help mainland carriers stay afloat, with Air China yesterday reporting a 9.7 per cent increase in first-half net profit to 1.14 billion yuan (HK$1.43 billion).

28 Aug 2013 - 4:54am

China airlines in deadlock over A380s

Air China has been looking to lease two A380s from China Southern for its Beijing-Paris route and they will jointly operate the segment once it is up and running. Photo: AFP

Talks between two state-owned carriers, Air China and China Southern Airlines, over operating Airbus A380s from Beijing seem to have reached a deadlock.

28 Mar 2013 - 6:31am

Overseas flight fees at mainland airports leap for domestic carriers

Overseas flight fees at mainland airports leap for domestic carriers

Mainland airlines, which used to pay 40 per cent less in airport charges than foreign carriers, are facing increased fees for international and regional routes.

6 Feb 2013 - 4:43am

VistaJet eyes new horizons from China-Africa trade

Europe-based carrier VistaJet is eyeing big potential growth for business jet charters in Asia, particularly for services between China and Africa. Photo: AFP

VistaJet, the European-based business jet charter company, is strengthening its operations in Asia on the back of the region's growing economic and trade links with the developing world, especially between mainland China and Africa, according to senior executives.

4 Dec 2012 - 3:10am

China-Japan air travel recovering

All Nippon Airways chief Shinichiro Ito expects passenger volume to return to 80 per cent of the year-ago level. Photo: Dickson Lee

Air travel demand has started to recover on routes between China and Japan after previously being hammered because of the territorial dispute between the two countries.

30 Nov 2012 - 2:53am

Briefs, November 2, 2012

Air China gets green light for private share placement.

Beijing to investigate alleged dumping by EU

The Ministry of Commerce said it will investigate whether the European Union is improperly subsidising its producers of solar-grade polysilicon or dumping their products in foreign markets. AP

 

Bad debt on the rise at banks, survey finds

2 Nov 2012 - 5:30am

Profits at Air China and China Eastern Airlines fall

Air China and China Eastern Airlines are looking to raise funds for their operations. Photo: Bloomberg

Air China, the mainland's flagship carrier, said net profit in the third quarter dropped 16.5 per cent to 3.17 billion yuan (HK$3.93 billion) as revenue rose to 28.7 billion yuan from 28.1 billion yuan a year ago.

Net profit for the first nine months of this year nearly halved to 4.24 billion yuan from 7.86 billion yuan.

Revenue rose 4 per cent to 76.3 billion yuan.

31 Oct 2012 - 4:13am

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