|
Business
Air China profits rise 2,000%Posted by Jeremy Goldkorn, July 26, 2007 10:47 AM
From yesterday's Financial Times:
Air China on Wednesday said profits soared in the first half due to the strengthening Chinese currency, investment gains and a booming travel market. Perhaps another significant reason is that Air China does not spend any money on edible food, enjoyable inflight entertainment, or computer systems that make their planes depart on time. Links and Sources
|
Partner Links
Jobs in China
Recent Comments
Gareth on
Gamble your life away in ZT Online
Inst on
The Mouse looms over Shanghai
Anonymous on
Giant Mao Zedong stands alone in the autumn cold
Joel Marti on
A centenarian monk reads the newspaper
little Ale on
Those damned English experts
China Media Timeline
Major media events over the last three decades
Danwei Model Workers
![]() Recommended blogs and new media
Books on China
Xujun Eberlein's Apologies Forthcoming: Hong Kong's Blacksmith Books has published a short story collection by Xujun Eberlein.
Princess Der Ling: Two Years in the Forbidden City: Two years in the Forbidden City is largely a reminiscence of the minutiae of life for one of history's most powerful women, by one of her court attendants, a Manchu noble's daughter by the name of Der Ling.
Carl Crow's The Long Road Back to China: In 1939 Carl Crow - an American journalist, advertising executive and author who had lived in Shanghai for 25 years until forced out by the Japanese - travelled up the Burma Road from Rangoon to Chongqing on assignment for Liberty magazine - 'the most interesting assignment I have ever been given'.
Front Page of the Day
A different newspaper every weekday
From the Vault
Classic Danwei posts
+ The Dazhai Spirit gets religion (2007.10): In a Window of the South (南风窗) feature on model village Dazhai (大寨), Li Xiangping (李向平) writes about the role religion, in the form of the Pule Temple, plays in the village's changing identity. + Will the Boat Sink the Water? a review by Göran Leijonhufvud (2006.11): Göran Leijonhufvud, former China correspondent of several Scandinavian newspapers, is now researching village elections in minority nationalities areas in Yunnan. + One Country, Two Versions (2005.02): CEPA eases co-productions between the mainland and Hong Kong, but does it undermine creativity?
Danwei Archives
Danwei Feeds
Via Feedsky
or Feedburner |





Comments on Air China profits rise 2,000%
According to Expedia, Air China is typically 30% cheaper than its competitors. Am I missing something?
Don't think they'll invest some of that cash into rebranding and creating new logos do you??? That goes for ALL domestic Chinese airlines except maybe for Hainan Airlines...
Note that a Credit Suisse analyst, mentioned in the Financial Times article, claims that Chinese airlines' "fundamentals" are still quite weak. What exactly does that mean? I would love to see this alleged 2,000% increase confirmed under GAAP.
I guess some of that profit will be ploughed back into cancelling that fuel surcharge.
No seriously, they haven't been too bad overall. In the sense that you can't really tell airlines apart, except by the frequency at which you personally encounter extreme screw-ups, which is basically luck of the draw. And thanks to frequent flyer schemes I guess I'm stuck with them for the moment. Par for the course for, I guess, Europe in the mid-1980s. Could be worse. They could be a Russian domestic airline such as Pulkovo Airlines.
Well, William, that's exactly the point I was going to make. At least Air China staff don't hit the passengers - unlike Aeroflot. A famous Pulkovo beating took place just after my one and (please God) only flight with Russia's national airline. Chinese passengers were pushed, shoved and barked at to go back to the toilet they'd just come from. A Russian passenger had a drink poured over him. Then the same Russian passenger had a meal tipped over him. And one of the stewardesses hit me. More things happened, but that will do. Three weeks later, I missed my flight back to Beijing and had spend an enormous amount of money to get back here in time for work. Despite the cost, I was actually glad. Very glad. China Airlines just aren't in that league. They're not luxury, but they're usually not hell.
Correction: I really must apologize to Pulkovo Airlines. The beating that took place a few days after my not-so-comfortable flight was not carried out by Pulkovo staff. Here's the story: link
Cat, that case would play great to a jury in NY. Did you save the air ticket?
"Perhaps another significant reason is that Air China does not spend any money on edible food, enjoyable inflight entertainment, or computer systems that make their planes depart on time. "
No reason for them to "waste" this money since their planes are nearly always packed full, right? ;-)