Articles tagged “air china”

Chinese Airlines Hope a Cut in Levies Will Boost Profits

Chinese Airlines Hope a Cut in Levies Will Boost Profits

Dong Lyu, Bloomberg

China’s top three carriers are set for a total savings of $500 million (3.74 billion yuan) after July 1, when the government will slash in half the airlines’ mandatory contributions to a civil aviation investment fund. The country is determined to smooth out a recent downshift in its economic growth.

2 weeks ago

China Tells Airlines to Ban Smoking in Cockpits During Flights

China Tells Airlines to Ban Smoking in Cockpits During Flights

Kyunghee Park, Bloomberg

Cigarettes are cheap in China, where the average cost for a pack is $1.50. Shamefully, they're sold by a state-backed monopoly. Widespread smoking is a public health crisis. We salute the ban on flight crews and pilots from smoking in plane cockpits, where the air is confined.

3 months ago

Chinese Airlines Show Glimpse of Recovery After Rough 2018

Chinese Airlines Show Glimpse of Recovery After Rough 2018

Bloomberg News

Chinese airlines had a rough 2018 on public markets, but this year is shaping up much better, at least so far. Will the good times last?

3 months ago

Air China’s Ominous Fall

Air China’s Ominous Fall

Jay Shabat, Skift Airline Weekly

Air China is its country’s clear profit champion. But as a new airport soon opens in its home city, its challenges are many.

4 months ago

Air China Looked Into Buying HNA’s Airlines

Air China Looked Into Buying HNA’s Airlines

Bloomberg

Hainan Airlines is in many ways HNA's flagship brand, so selling it off would be an admission of defeat. The company's vociferous denial implies it wants to keep hold of it, but with debts of $78 billion, will it have a choice?

4 months ago

Chinese Airlines Hamstrung Despite Spiking Demand

Chinese Airlines Hamstrung Despite Spiking Demand

Bloomberg

Chinese airlines were given the green light to raise fares, but their lack of permission to hedge fuel has adversely impacted their performance. All of Trump's tariff talk hasn't helped, either.

8 months ago

Chinese Airlines Hit With Rising Costs Due to U.S. Trade Quarrel

Chinese Airlines Hit With Rising Costs Due to U.S. Trade Quarrel

Kyunghee Park and Dong Lyu, Bloomberg

The Chinese yuan has depreciated 5 percent against the U.S. dollar, making airline purchases of aircraft and payments of debts and leases costlier. Don't expect bold moves from them until the prospect of a trade war fades.

10 months ago

Airlines Fear Tariffs Will Stoke a U.S.-China Trade War

Airlines Fear Tariffs Will Stoke a U.S.-China Trade War

Brian Sumers, Skift

President Trump probably didn't consult many airline executives before announcing his China tariff plan. Airlines could be losers if this spurs a trade war.

1 year ago

China’s Three Largest Airlines Will Benefit From a New Ability to Raise Fares

China’s Three Largest Airlines Will Benefit From a New Ability to Raise Fares

Dong Lyu, Bloomberg

Eased regulation on the ability of Chinese airlines to raise fares is injecting some new confidence into their trajectories. Some key routes are likely to get much more profitable.

1 year ago

China Pays Airlines Billions of Dollars to Fly Tourists Around the World

China Pays Airlines Billions of Dollars to Fly Tourists Around the World

Bloomberg News, Bloomberg

Chinese carriers aren't the first to receive government subsidies and they certainly won't be the last, but that doesn't mean the tactic represents a credible long-term plan.

1 year ago

Qatar Air Spends $662 Million on Stake in Cathay Pacific

Qatar Air Spends $662 Million on Stake in Cathay Pacific

Kyunghee Park, Bloomberg

Given Cathay Pacific's recent struggles, airline investors had been pushing for a merger with rival (and shareholder) Air China. Qatar Airways' surprise investment means Cathay's independence will likely be preserved, at least in the short term.

1 year ago

Air China Says More Chinese Travelers Are Being Denied U.S. Visas

Air China Says More Chinese Travelers Are Being Denied U.S. Visas

Brian Sumers, Skift

There's no public data here, so it's hard to know how much of an issue this is. But generally, inbound tourism to the United States is important, so if fewer visas are being granted, it's probably not good for American businesses.

2 years ago