Air China issues profit warning as revenue growth slows “significantly”
Air China stated (15-Oct-08) it expects to report a loss for the nine months ended 30-Sep-08, due to higher fuel prices, falling demand and a “significant slowdown” in revenue growth. A deep third quarter loss is expected after Air China reported a USD181.7 million first half profit, down 20.7% year-on-year. [932 words]
Unlock the following content in this report:
- Passenger volumes may have bottomed - Sichuan earthquakes possibly the dominant influence
- More capacity on its way - sees no problem obtaining aircraft finance
- Better growth seen next year
Graphs and data:
- Air China passenger numbers vs cargo volume growth (% change year-on-year): Oct-07 to Sep-08
- Air China passenger numbers growth (% change year-on-year): Oct-07 to Sep-08
- Air China's domestic vs international passenger load factor (%): Oct-07 to Sep-08
- Air China passenger load factor growth (ppts change year-on-year): Oct-07 to Sep-08
- Air China''s current fleet and orders: Oct-08
- Air China's fleet plan: 2008 (remaining to deliver) to 2016: At Oct-08
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