Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  SHANGHAI STOCK EXCHANGE  >  China Southern Airlines Co Ltd    600029   CNE000001FG0

End-of-day quote. End-of-day quote  - 07/29
8.48 CNY   -0.70%
03:48a Direct flights increase as ties strengthen
07/28 CHINA SOUTHERN : Adelaide to land direct flights with mainland Chin..
07/28 CHINA SOUTHERN : Xiamen Airlines Buys 6 B787-9 Planes
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 
The feature you requested does not exist. However, we suggest the following feature:

Direct flights increase as ties strengthen

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/29/2016 | 03:48am CEST

But some fear the Brexit vote may threaten growth of aviation links between China, UK

More direct flights are becoming available between Britain and China, highlighting growing mobility between the countries thanks to stronger economic, tourism and education ties.

In June, Tianjin Airlines launched a direct flight between Tianjin and London Gatwick Airport, stopping in Chongqing. Hainan Airlines also added a direct flight between Beijing and Manchester.

British Airways started to use the Boeing 787 Dreamliner to provide direct flights between London and Chengdu, Sichuan province, in 2014. Provided to China Daily

However, analysts fear the British referendum vote in favor of leaving the European Union could hit bilateral air traffic between Britain and China, as Chinese investors become reluctant to invest at a time when the British economy faces such uncertainty.

"I fear the adverse consequences of the decision to leave the EU will damage our economy for years to come, making it more expensive for British travelers to holiday or to transact business in China, while also making businesses less attractive to Chinese investment," says Paul Argyle, managing director of Flight Directors, an aviation industry sales and marketing company.

A variety of direct flights already exist between China and Britain, including services between London and Beijing, Guangzhou, Shanghai, Hong Kong and Chengdu. Manchester Airport also has direct flights to Hong Kong.

"We've witnessed rapidly growing trade, investment and cultural exchanges between China and Britain in recent years," says Wu Hao, vice-chairman and executive vice-president of Tianjin Airlines.

According to statistics from VisitBritain, the official tourism board, more than 1 million passengers traveled between Britain and China last year, an 11 percent increase on 2014. Last year, the number of Chinese tourists visiting Britain grew by 40 percent.

Meanwhile, Chinese student numbers have grown rapidly in Britain. In the 2014-15 academic year, their number exceeded any other nationality, with 89,540 Chinese enrolled in higher education in Britain.

China-UK trade and investment relations remain strong, and a further boost was achieved in October during President Xi Jinping's state visit, which saw the signing of more than 30 commercial deals worth 40 billion pounds ($52.5 billion; 47.8 billion euros).

Robert Goodwill, the British minister of transport, says he hopes the increased connectivity brought by direct flights between the two countries will help to grow an understanding of each other's culture and politics.

London Gatwick's chief commercial officer, Guy Stevenson, is optimistic about the airport's future providing direct flights between China and Britain.

"More than ever, as a country we need to be outward-looking, to establish trade and investment relations with countries like China," he says.

"We will do our best to make (the Tianjin route) successful, and we hope the service will grow from a twice a week service to a daily service in time."

Currently, British Airways is the only domestic airline with direct flights between Britain and China. Chinese airlines flying between the countries include Air China, China Southern Airlines, China Eastern Airlines and Cathay Pacific.

Dan Elliott, head of aviation practice at the Frontier Economics consultancy in London, says Chinese airlines enjoy two potential advantages from flying these routes.

First, he says, they are likely to have a cost advantage. They may have lower labor costs, and with shorter histories compared with Western airlines they are likely to have a younger fleet, meaning their aircraft are more fuel-efficient.

Second, he adds, although Chinese and British airlines can provide exactly the same services to customers, the so-called brand default theory suggests that passengers flying from China and back are more likely to choose a Chinese airline, while those flying from Britain are more likely to choose a British airline due to familiarity with the brands.

cecily.liu@mail.chinadailyuk.com

( China Daily European Weekly 07/29/2016 page8)

(c) 2016 China Daily Information Company. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CHINA SOUTHERN AIRLINES CO
03:48a Direct flights increase as ties strengthen
07/28 CHINA SOUTHERN AIRLINES : Adelaide to land direct flights with mainland China
07/28 CHINA SOUTHERN AIRLINES : Xiamen Airlines Buys 6 B787-9 Planes
07/27 CPEC ENTERS A DECISIVE PHASE : Sun Weidong
07/27 CHINA SOUTHERN AIRLINES : CPEC enters a decisive phase
07/27 CPEC ENTERS A DECISIVE PHASE : Chinese ambassador
07/27DJCHINA SOUTHERN AIRLINES : Air's Unit Xiamen Air to Buy Six B787-9 Aircraft From ..
07/27 CHINA SOUTHERN AIRLINES : Major transaction in relation to acquisition of aircra..
07/27 CHINA SOUTHERN AIRLINES : Change of registered address
07/27 CHINA SOUTHERN AIRLINES : Date of board meeting
More news
Sector news : Airlines - NEC
09:46a BA owner IAG trims growth plans further after Brexit vote
09:15aDJIAG Profit Rises as Brexit Hurts Airlines
07/28DJAsia Shares Down, Dragged by Japan Equities
07/27 As Wall Street hits highs, some investors await transport catch-up
07/26DJJETBLUE AIRWAYS : Low Fuel Costs Help JetBlue's Profit Rise
More sector news : Airlines - NEC
News from SeekingAlpha
07/26 Chinese Demand For Long-Haul Travel - Growth Opportunity
06/13 Airline stocks weak after Orlando shooting and Shanghai bombing
05/31 IATA warns of slowdown in air traffic
05/11 Airline consolidation the talk in Phoenix
04/06 New additions to the U.S. Global Jets ETF
Advertisement
Financials ( CNY)
Sales 2016 118 377 M
EBIT 2016 12 109 M
Net income 2016 5 656 M
Debt 2016 89 281 M
Yield 2016 1,29%
P/E ratio 2016 14,90
P/E ratio 2017 11,81
EV / Sales 2016 1,36x
EV / Sales 2017 1,21x
Capitalization 72 251 M
More Financials
Chart CHINA SOUTHERN AIRLINES CO
Duration : Period :
China Southern Airlines Co Technical Analysis Chart | 600029 | CNE000001FG0 | 4-Traders
Full-screen chart
Technical analysis trends CHINA SOUTHERN AI...
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 18
Average target price 7,09  CNY
Spread / Average Target -17%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Wan Geng Tan Vice Chairman, President & CEO
Fu Pan Chairman-Supervisory Board
Zi Fang Zhang Chief Operating Officer & Executive Director
Li Xin Xiao Chief Financial & Accounting Officer
Chen Jie Hu Chief Information Officer
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
CHINA SOUTHERN AIRLINE..-3.62%10 866
DELTA AIR LINES, INC.-22.35%29 477
RYANAIR HOLDINGS PLC-19.76%16 536
UNITED CONTINENTAL HOL..-17.28%15 282
AIR CHINA LTD.-4.66%14 263
CHINA EASTERN AIRLINES..-9.46%13 015
More Results