[photopress:airlines_illustrate_Air_China.jpg,full,alignright]Air China loooks like having a RMB4.157 billion yuan for 2007 under international accounting standards, up 55% from the RMB2.688 billion it acheived a year earlier.
Total revenue comes in at RMB51.28 billion, up from RMB44.92 billion a year earlier.
The brokerage UBD said the airline saw a 59% rise in its second-half earnings, underpinned by strong yields.
‘Passenger yields could surprise on the upside because capacity growth slowed in the second half but slower capacity growth could also lead to dis-economies of scale.’
UBS noted that non-operating items will account for 60% of Air China’s pre-tax profits.
Source: CNN Money.com
You must log in to post a comment.