godbless
Posts: 2680
Joined: Tue Apr 04, 2000 5:26 am

Can A Chinese Airline Ever Make A Profit?

Thu Jan 22, 2004 9:30 pm

I just had a look at pictures from Air China and I was really surprised to see that they operate even more types of planes than Air France...
A319, A320, A340, 737-600, 737-700, 737-800, B747-400, 757-200, 767-200 and 777-200 and I might have missed some yet.
Looking at that fleet and then also knowing that the government more or less decides which airline gets which aircraft I have a question.
Is there is any Chinese airline that makes a profit or is the state control that high that airlines are still run the "communist-Aeroflot-way"?

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Max
 
godbless
Posts: 2680
Joined: Tue Apr 04, 2000 5:26 am

RE: Can A Chinese Airline Ever Make A Profit?

Fri Jan 23, 2004 10:02 am

Nobody have an idea?

Max
 
lutfi
Posts: 690
Joined: Wed Sep 27, 2000 6:33 pm

RE: Can A Chinese Airline Ever Make A Profit?

Fri Jan 23, 2004 10:23 am

Cathay Pacific see to do OK
 
godbless
Posts: 2680
Joined: Tue Apr 04, 2000 5:26 am

RE: Can A Chinese Airline Ever Make A Profit?

Fri Jan 23, 2004 4:26 pm

Well Cathay is not compareable at all. After all CX is a private company. Plus there fleet is nowhere as "crazy" or as others would say "spotter-friendly" as for example the one of Air China.

Max
 
hoons90
Posts: 3159
Joined: Wed Aug 01, 2001 10:15 pm

RE: Can A Chinese Airline Ever Make A Profit?

Fri Jan 23, 2004 4:38 pm

I think many of Air China's planes(namely 737-600, 757 etc) were brought into their fleet after mergers with China Southwest and possibly other airlines as well.
The biggest mistake made by most human beings: Listening to only half, understanding just a quarter and telling double.
 
A330Fan1
Posts: 835
Joined: Wed Jul 16, 2003 2:24 pm

RE: Can A Chinese Airline Ever Make A Profit?

Fri Jan 23, 2004 4:42 pm

I might be wrong, but how about China Southern? aren't they doing pretty well overall?

-A330Fan1
 
aal777
Posts: 9
Joined: Sat Sep 20, 2003 3:48 pm

RE: Can A Chinese Airline Ever Make A Profit?

Fri Jan 23, 2004 5:03 pm

I also have the same thought too. I always wonder why they have to operate so many different types of aircraft in the same categories. For example, China Eastern, even before the merger, it operates the MD80/90, A320, 737-200/300/700. Even though they still manage to post a profit (Air China, I read in the news section few weeks ago.) Does it really necessary for one airline to operate every type of aircrafts?....or they assign each aircraft on one specific route?....or it is because of its "prestige"?
 
je89_w
Crew
Posts: 2070
Joined: Fri Mar 01, 2002 1:29 pm

RE: Can A Chinese Airline Ever Make A Profit?

Fri Jan 23, 2004 5:08 pm

Air China also operates a bunch of B763s.

China Southern has brand new B737-700s . . . another aircraft to add to the list.
 
chiawei
Posts: 942
Joined: Wed Nov 01, 2000 9:07 am

RE: Can A Chinese Airline Ever Make A Profit?

Fri Jan 23, 2004 6:05 pm

All chinese airline do make profit on paper. State policy. In truth, i do not believe any chinese carrier makes money.
 
United Airline
Posts: 8782
Joined: Wed Jan 10, 2001 5:24 pm

RE: Can A Chinese Airline Ever Make A Profit?

Fri Jan 23, 2004 6:42 pm

CX is one of the world's most profitable/richest airlines.

As for Chinese airlines, some of them do I think....
 
CPH-R
Posts: 6064
Joined: Thu May 03, 2001 5:19 pm

RE: Can A Chinese Airline Ever Make A Profit?

Fri Jan 23, 2004 6:47 pm

Let's not forget that these airlines have a huuuuge market to serve, even if it's still quite few who can afford to travel by air. For instance, it's estimated that during the Chinese New Year, over 4 billion trips will be made by land, sea and air.
 
aussieboggie
Posts: 79
Joined: Thu Sep 14, 2000 12:08 pm

RE: Can A Chinese Airline Ever Make A Profit?

Sat Jan 31, 2004 12:35 pm

Yes they can.

Air China just made a profit of $11 million last year. (News just came in)

++++++++++++++++++++++++++++++++++++++++++++++++++++++

Air China makes 93 mln yuan profit in 2003

BEIJING, Jan 31 (Reuters) - Air China, which aims to list shares overseas this year, made a profit of 93 million yuan ($11 million) in 2003, overcoming a first-half loss suffered during the SARS outbreak, the official Economic Daily reported on Saturday.
The flagship carrier made around 2.01 billion yuan in profit in the second half of 2003, offsetting a 1.92 billion yuan loss for the first half, the newspaper said without elaborating.

Chinese carriers, including Air China's main rivals, China Eastern Airlines and China Southern Airlines , were hit hard by the SARS outbreak last year but traffic bounced back quickly.

Air China aims to launch an overseas IPO later this year that could raise about $500 million, investment bank sources say. ($1=8.277 Yuan)
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