“The airline’s (China Air) passenger traffic outlook remains solid, given resilient demand, despite the concerns over Cathay,” says said Vincent Ha, an analyst at Deutsche Bank , who still warned that earnings pressure from increasing jet fuel prices had lifting Air China’s operating expenses by 15.2 per cent in the quarter.
Celia Chen
Opinion

Opinion

Across The Border by Celia Chen

Air China feeling the effects of Cathay Pacific’s travails

National carrier’s net profit drops 39.8pc to 1.5 billion yuan in the first quarter, which was in part blamed on its investment losses of 141.6 million yuan, the majority of which was from Cathay, of which it owns 29.99 per cent.

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“The airline’s (China Air) passenger traffic outlook remains solid, given resilient demand, despite the concerns over Cathay,” says said Vincent Ha, an analyst at Deutsche Bank , who still warned that earnings pressure from increasing jet fuel prices had lifting Air China’s operating expenses by 15.2 per cent in the quarter.
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