|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.8500 - 0.8500|
|52 Week Range||0.8500 - 1.3200|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||12.88|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
BENGALURU/BEIJING - Chinese airlines are adding seats on short- and mid-range Asian flights in a strategic shift away from prestigious but loss-making North American routes to a market that promises better returns and growth. Over the past decade, the number of seats on U.S. routes operated by China's top three state-owned carriers rose fourfold, but such breakneck expansion came at a price. The nation's international aviation industry has been in the red for at least three years, with losses reaching 21.9 billion yuan ($3.13 billion) in 2018, according to recent China Air Transport Association data.
China's three biggest airlines saw double-digit declines in demand on their so-called regional routes in September, as protests in Hong Kong and Beijing's travel restrictions to Taiwan took their toll. Two of them, China Southern Airlines and China Eastern Airlines have also aggressively cut capacity on those routes to Hong Kong, Macau and Taiwan - routes which account for about 5% of their revenue. China Eastern said demand on its regional routes, as measured by revenue passenger kilometres, tumbled by nearly a quarter in September from the same period a year earlier, while China Southern slid 21.1% and Air China fell 15.7%.
Air China Ltd has no plans to take over Hong Kong's Cathay Pacific Airways Ltd , an independent director of the state-owned Chinese carrier told the South China Morning Post newspaper. "Based on what I know, I wouldn't think that is anywhere on the agenda, no way," Air China non-executive director Stanley Hui told the newspaper when asked if the carrier, a 30% shareholder, might seek to buy Cathay outright. The Hong Kong airline has become the biggest corporate casualty of anti-government protests after China demanded it suspend staff involved in, or who support, demonstrations that have plunged the former British colony into a political crisis.
BEIJING/SHANGHAI (Reuters) - Air China will suspend its flights on the Beijing-Hawaii route from Aug. 27 after a review of its network, China's flagship carrier said on Tuesday, as travel demand remains weak amid an escalating U.S.-China trade war. Passengers who have purchased tickets for travel after that date will receive a full refund, Air China said in a statement on its website. The passenger load factor - an industry metric that measures how much of an airline's passenger carrying capacity is used - for Air China's thrice-weekly Beijing-Honolulu route averaged 66.37% last year, according to Chinese aviation data provider Variflight.
Air China will suspend its flights on the Beijing-Hawaii route from Aug. 27 after a review of its network, China's flagship carrier said on Tuesday, as travel demand remains weak amid an escalating U.S.-China trade war. Passengers who have purchased tickets for travel after that date will receive a full refund, Air China said in a statement on its website.
BEIJING/PARIS (Reuters) - Air China Ltd , China's flagship carrier, will buy 20 A350-900 jets from Airbus SE , both companies said, bolstering the European planemaker's order book for wide-body jets against Boeing Co amid Sino-U.S. trade tensions. Air China on Thursday said the order is worth $6.54 billion, based on list prices, and that deliveries were scheduled from 2020 through 2022. Airbus, in a statement to Reuters, confirmed the order was new.
BEIJING (AP) — China is stepping up pressure on Boeing Co. as its airlines demand compensation for the grounding of 737 Max jetliners after fatal crashes in Ethiopia and Indonesia.
China's three biggest airlines have asked U.S. planemaker Boeing Co to compensate them for losses caused by the grounding and delayed deliveries of 737 MAX jets, just as regulators gather to discuss design changes for the troubled aircraft. The triple compensation requests come at a sensitive time in Sino-U.S. relations, with a string of tit-for-tat import tariffs culminating in Washington accusing Beijing of backtracking on almost all aspects of a proposed trade deal. The U.S. administration's latest tariff increase on $200 billion (158 billion pounds) worth of Chinese imports - and hints of more - has prompted fear that China could retaliate against U.S. companies.
Air China has formally asked Boeing Co for compensation over the grounding of its 737 MAX aircraft and delayed deliveries of its orders, the state TV China Central Television reported on Wednesday. On ...
April 25 (Reuters) - Air China Ltd: * SAYS Q1 NET PROFIT UP 3.6 PERCENT Y/Y Source text in Chinese: http://bit.ly/2IVg7Ns Further company coverage: (Reporting by Hong Kong newsroom)
Air China on Wednesday received approval to launch a long-haul route from Shanghai to London, and permit the carrier to compete with China Eastern Airlines, as Beijing eased a decade-old "one route, one airline" policy. Previously, Shanghai-headquartered China Eastern Airlines was the only Chinese carrier on the route. China's aviation regulator said last year it would ease the policy which had been in place since 2009.
March 27 (Reuters) - Air China Ltd: * SAYS 2018 NET PROFIT UP 1.3 PERCENT Y/Y Source text in Chinese: https://bit.ly/2JICMyF Further company coverage: (Reporting by Hong Kong newsroom)