Caixin
Company Index
Air China
Air China
NEWS
company-info
In 2024, China's civil aviation faces increased passenger numbers but declining profits, hindered by falling ticket prices and rising operational costs. Data shows a 17% drop in domestic ticket prices and a 25.37% fall in international fares year-over-year, despite a 23.5% increase in passenger traffic. Competitive pressures from high-speed rail and geopolitical issues, like the Russia-Ukraine conflict, further impact airline profitability, causing significant industry losses.
Jul.20 2024 13:32 PM
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Comac may well be emerging as a rival to Airbus SE and Boeing Co. which dominate the larger commercial airliner market
Apr.27 2024 04:47 AM
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Chinese flag carrier plans to add 17 of the domestically produced aircraft to cut maintenance costs, increase number of potential routes
Dec.25 2023 21:14 PM
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Former chief of China’s flag carrier is the latest aviation executive to come under investigation for alleged corruption
Dec.22 2023 05:53 AM
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Big carriers report huge rise in demand after scrapping of quarantine requirements and resumption of cross-border flights
Feb.17 2023 18:22 PM
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Li Ka-shing distances himself from AMTD after meteoric stock surge baffles investors. Starbucks’ revenue in China plunges
Aug.5 2022 08:43 AM
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Funds from as many as 35 selected investors will go to buy 22 new planes and supplement operating capital
Aug.4 2022 05:15 AM
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Shandong Airlines’ net loss widened in the first quarter and it faces delisting from the Shenzhen bourse
Jun.1 2022 19:47 PM
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Air China, China Eastern, Hainan Airlines and China Southern attributed their losses to sluggish demand for travel, higher fuel costs and exchange rate fluctuations
Nov.2 2021 20:25 PM
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China launches crewed spacecraft Shenzhou-12, country’s Covid-19 vaccination reaches more than 900 million doses
Jun.18 2021 20:42 PM
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Guangdong reports four new local Covid-19 cases, government says three-child policy could boost fertility levels
Jun.17 2021 20:01 PM
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China Air, China Eastern and China Southern took every plane ordered from domestic maker COMAC
Jan.26 2021 13:33 PM
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U.S. says Chinese airlines aren’t giving enough notice for the charter flights, while foreign ministry blames American authorities for failing to approve them
May.21 2020 21:03 PM
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As China struggles to prevent imported Covid-19 cases, new requirement to show a negative virus test before boarding a flight raises a hurdle for travelers
Apr.30 2020 04:57 AM
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Passengers arriving from overseas to get screened at regional airports before being allowed to continue to Chinese capital
Mar.23 2020 19:08 PM
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China Southern, China Eastern have long been at a disadvantage on the national flag carrier’s home turf. Daxing International Airport will help change that
Jun.5 2019 22:32 PM
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Beijing-Shanghai line’s speed bump unlikely to upset commercial flight market, experts say
Sep.21 2017 18:32 PM
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Flight to Chengdu suddenly turned wrong way, flying less than 600 feet above highest peak
Jun.6 2017 18:54 PM