RSSNewsletterSiteMapFeedback

Home · Weather · Forum · Learning Chinese · Jobs · Shopping
Search This Site
China | International | Business | Government | Environment | Olympics/Sports | Travel/Living in China | Culture/Entertainment | Books & Magazines | Health
Home / Business / Civil Aviation Tools: Save | Print | E-mail | Most Read | Comment
Air China Q3 profit drops 43%
Adjust font size:  ZoomIn ZoomOut

Air China, the country's largest carrier, yesterday said its third-quarter net profit amounted to 2.1 billion yuan, down 42.55 percent from the same period of the previous year, when earnings were inflated by a one-off extraordinary item.

 

In a statement to the Shanghai Stock Exchange, the company said it posted net earnings of 3.48 billion yuan on sales of 37.21 billion yuan in the first nine months.

 

Earnings per share were 0.184 yuan in the third quarter compared with 0.287 yuan in the first nine months. The third-quarter return on net assets was 7 percent, down 2.73 percentage points from the previous year. The return on net assets in the first nine months was 11.16 percent.

 

Analysts said the lower earnings for the third quarter of 2007 were largely accounted for by the fact that the third quarter of 2006 was boosted by the 1.84 billion yuan gain from the sale of a stake in Hong Kong Dragon Airlines.

 

Stripping out the gains from that share sale, the third-quarter net profit would have risen 93 percent from the corresponding period last year, the company said yesterday in a report to the Hong Kong stock exchange.

 

Analysts said airline companies' profits are expected to shrink in the fourth quarter as the tourism off-season approaches.

 

Li Lei, an analyst at CITIC China Securities, said the steady increases of passenger-seat ratio, or load factor, and the effective control of operating costs would remain the major contributors to the profit margin of airline companies.

 

"Airline companies are expected to compete with each other by increasing their profit margins by reducing the operating costs and improving the load factor," said Li.

 

"Anticipation of renminbi appreciation and flight route resources will give Air China more growth space."

 

In the three months running up to the end of September, Air China's revenue rose 11 percent to 14.5 billion yuan, compared with the first nine months' revenue increase of 15 percent from the year before.

 

Operating costs in the third quarter rose 3 percent to 10.3 billion yuan from the previous year, while they climbed 10 percent in the first nine months.

 

Air China's A shares yesterday rose 5.96 percent to 22.05 yuan while its H shares fell 2.17 percent to HK$11.68.

 

(China Daily November 1, 2007)

 

Tools: Save | Print | E-mail | Most Read

Comment
Username   Password   Anonymous
 
China Archives
Related >>
- Merging China's major airlines premature: CAAC
- Passenger rise on Air China radar
- Grand China Air to take off next year, says parent company
- Shenzhen Airlines denies procurement bid by Cathay Pacific
- Air China to launch Beijing-Athens flight
- China Eastern on the alert for Air China's future moves
- New Air Routes to Link China and the West
- Airlines to Cash in Tourists Flood for Games
Most Viewed >>
-China set to hit the brakes on rising yuan
-Power to resume shortly in worst-hit area by snow
-Macao's gaming market expands further
-Online operators are on top of the game
-Insurance firms set to stump up billions

May 15-17, Shanghai Women's Forum Asia
Dec. 12-13 Beijing China-US Strategic Economic Dialogue
Nov. 27-28 Beijing China-EU Summit

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
SiteMap | About Us | RSS | Newsletter | Feedback

Copyright ? China.org.cn. All Rights Reserved E-mail: webmaster@china.org.cn Tel: 86-10-88828000 京ICP證 040089號(hào)

主站蜘蛛池模板: 亚洲中文字幕久久无码| 国产性夜夜春夜夜爽三级| 99RE6在线视频精品免费| 直接观看黄网站免费视频| 欧美日韩国产一区二区三区欧| 在线成人播放毛片| 俺去啦在线观看| 538在线播放| 日韩在线视频不卡一区二区三区| 国产v片免费播放| www.午夜视频| 欧洲亚洲综合一区二区三区| 国产亚洲精品无码专区| 一本久久综合亚洲鲁鲁五月天| 欧美第一页在线观看| 国产又黄又爽又猛的免费视频播放| 乱肉妇岳奶水小说| 美女毛片在线观看| 国产香蕉精品视频| 久久精品国产乱子伦| 精品国产专区91在线app| 在线免费观看视频你懂的| 不卡av电影在线| 欧美精品久久天天躁| 免费看欧美一级特黄α大片| www.色亚洲| 我要看WWW免费看插插视频| 从镜子里看我怎么c你| 国产丝袜第一页| 国产精品电影网在线好看| 久久精品女人的天堂AV| 精品韩国亚洲av无码不卡区| 国产高清自拍视频| www.日本在线观看| 成全视频在线观看免费高清动漫视频下载 | 成人免费黄色网址| 日韩视频免费看| 国产一区二区三区不卡在线观看| 黄色a级在线观看| 日本xxxxx高清视频| 免费a级试看片|