Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  SHANGHAI STOCK EXCHANGE  >  Air China Ltd.    601111   CNE000001NN0

End-of-day quote. End-of-day quote  - 08/24
7.7 CNY   -0.39%
08/18 AIR CHINA : Cathay Pacific Airways announces 2016 Interim Results
08/16 Air China sees steady growth in passenger, freight traffic
08/16 AIR CHINA : Announcement on key operating data of july 2016
News SummaryMost relevantAll newsSector news 

Air China To Boost Spending Amid Downturn; Committed To Airbus Orders

share with twitter share with LinkedIn share with facebook
share via e-mail
03/29/2012 | 08:36am CEST

-- Air China to spend CNY28 billion boosting capacity in 2012

-- Airline expects 12% growth in international capacity

-- Carrier looking to fly 75 million passengers in 2012, up around 7%

(Adds additional comments from chairman on outlook, capacity growth and EU carbon-emissions scheme in fourth to eighth paragraphs)

By Joanne Chiu


Air China Ltd. (0753.HK) plans to hike spending on capacity in 2012, especially on international routes and even in a poor growth environment for air traffic amid the worldwide economic slowdown, the Chinese flag carrier said Thursday.

The Beijing-based carrier has set aside CNY28 billion for 2012 capital expenditure, up from CNY21 billion the previous year. The money is mainly for fleet expansion.

Air China Chairman Wang Changshun warned at a news conference Thursday that the outlook for the aviation industry remains challenging owing to higher fuel prices as well as uncertainties surrounding international economic recovery.

But Wang added Air China remains confident in international air travel in the long run and plans to further enhance its international network by taking 12 wide-body aircraft in 2012.

"We plan to add 8% more capacity on domestic routes and 12% on international routes this year," Wang said. He predicted the domestic market to likely perform better than international as China's economy continues to grow rapidly.

Wang's comments come as Air China Tuesday posted a 41% decline in 2011 net profit to CNY7.08 billion--down from CNY12.0 billion the previous year--as it struggled with the combined effects of rising costs and an unexpectedly high impairment charge in the fourth quarter. Contribution from its 30%-owned Cathay Pacific Airways Ltd. also fell 61% to CNY1.33 billion in 2011.

Air China aims to carry around 75 million passengers in 2012 on the back of strong domestic travel. That is 7% more than around 70 million in 2011.

Separately, Wang said Air China remains committed to its existing Airbus orders. It has no cancellation or deferral plans in spite of the dispute between China and the European Union over carbon emissions.

Air China--which has 432 craft in its fleet--will take delivery of 56 more in 2012, 28 of which are Airbus.

-By Joanne Chiu, Dow Jones Newswires; 852-2802-7002; joanne.chiu@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on AIR CHINA LTD.
08/18 AIR CHINA : Patent Issued for System and Method for Improving the Flight Safety ..
08/18 AIR CHINA : Cathay Pacific Airways announces 2016 Interim Results
08/16 Air China sees steady growth in passenger, freight traffic
08/16 AIR CHINA : Announcement on key operating data of july 2016
08/15 AIR ARABIA : Five New Airlines Target Flying Entebbe Route
08/15 AIR CHINA : Date of board meeting
08/12 AIR CHINA : Children at Sino-African camp wing it
08/12 Children at Sino-African camp wing it
08/04 AIR CHINA : Cargo Veterans Carril and Canales Are Named Partners at GSA Force
08/04 AIR CHINA : gets CSRC approval to issue Rmb12bn bonds
More news
Sector news : Airlines - NEC
08/24 DEUTSCHE LUFTHANSA : Lufthansa cabin crew approve new pay deal - union
08/24DJSingapore Airlines' Budget Carrier Tigerair Plans Fleet Expansion After Years..
08/18DJSwire Pacific First-Half Net Profit Down 37% at HK$5.06 Billion
08/18 Boeing says China demand for aircraft steady despite economic slowdown
08/16DJDEUTSCHE LUFTHANSA : Europe Calls for Better Pilot Medical Checks After Germanwi..
More sector news : Airlines - NEC
News from SeekingAlpha
07/26 Chinese Demand For Long-Haul Travel - Growth Opportunity
06/17 Air China reports on May traffic
06/01 State Department issues travel alert for Europe
05/31 IATA warns of slowdown in air traffic
05/18 Air China reports on traffic
Financials ( CNY)
Sales 2016 115 266 M
EBIT 2016 14 326 M
Net income 2016 8 262 M
Debt 2016 93 560 M
Yield 2016 1,42%
P/E ratio 2016 11,83
P/E ratio 2017 10,24
EV / Sales 2016 1,58x
EV / Sales 2017 1,40x
Capitalization 88 552 M
More Financials
Duration : Period :
Air China Ltd. Technical Analysis Chart | 601111 | CNE000001NN0 | 4-Traders
Full-screen chart
Technical analysis trends AIR CHINA LTD.
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus HOLD
Number of Analysts 18
Average target price 8,64  CNY
Spread / Average Target 12%
Consensus details
EPS Revisions
More Estimates Revisions
Zhi Yong Song President & Vice Chairman
Jian Jiang Cai Chairman
Qing Lin Li Chairman-Supervisory Board
Sai Cheung Shiu Non-Executive Director
Jian Xiong Cao Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
AIR CHINA LTD.-9.91%13 306
DELTA AIR LINES, INC.-27.46%27 537
More Results