Xiamen Airlines chairman Che Shanglun stated the carrier joining the SkyTeam alliance will allow it to cooperate with other alliance members to expand the carrier’s international route network, according to a report from Xiamen Daily. Xiamen Airlines is scheduled to join the global alliance today (21-Nov-2012). After joining the global alliance, Xiamen Airlines’ network will expand to 926 destinations in 173 countries and territories through the SkyTeam network. Xiamen Airlines, which has been profitable for 25 consecutive years, currently has total assets of CNY23.0 billion (USD3.6 billion) and operates a fleet of 90 aircraft. By 2015, Xiamen Airlines will expand its annual revenue to CNY30 billion (USD4.7 billion), transporting more than 30 million passengers and 300,000 tonnes of cargo p/a. Xiamen Airlines also stated it has commenced preparations for the delivery of the Boeing 787 aircraft, which the carrier plans to use to launch long-haul international services to Europe, North America and Oceania from 2014.
Xiamen Airlines to cooperate with other SkyTeam members to expand int'l network
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United Airlines Part 2: Sustaining balance sheet strength while declaring ambitious margin targets
One area where United Airlines has made important strides during the last few years is in overhauling its balance sheet. Its efforts have gained some recognition from credit agencies for its progress in paring down debt and improving leverage ratios; but similarly to its rival American Airlines – attaining an investment-grade credit rating is not a huge priority for United. The airline believes it can achieve some benefits that investment-grade companies enjoy with the current state of its balance sheet.
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