Articles tagged “China Eastern Airlines”

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.

7 months 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.

9 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.

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.

2 years ago

Air France-KLM Buying Stake in Virgin Atlantic in Major Airline Shake-up

Air France-KLM Buying Stake in Virgin Atlantic in Major Airline Shake-up

Patrick Whyte, Skift

Despite relinquishing his control, Richard Branson has been able to save face by negotiating the continuation of the Virgin Atlantic brand. At the same time a strengthened transatlantic joint venture means he'll have a better chance at competing with British Airways and its partners.

2 years ago

Chinese Airlines Still Report Massive Foreign-Exchange Losses

Chinese Airlines Still Report Massive Foreign-Exchange Losses

Benny Kung and Kyoungwha Kim, Bloomberg

Most of China's airlines receive substantial government help, so they can weather any foreign-exchange related losses.

3 years ago