Air China earnings expected to remain under pressure in 2H2009
Air China has warned that its earnings may remain under pressure in 2H2009, as the global economic crisis continues to affect international and cargo demand and pricing levels. The carrier stated the current macro economic conditions have “brought immense difficulties to the aviation industry". (see separate report for Air China’s 2H2009 financials). [1125 words]
Unlock the following content in this report:
- Reduces international capacity and focuses on domestic market
- Moving attention away from China Eastern Airlines
- … and on to Cathay
- CNAHC shares become tradeable
- Ameco Beijing holds back on B787 preparations
- Codeshare with ANA
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