Economic Information Daily three air journey total 28 billion international airplane almost half the total decrease rate
With the Annual Report of China Air show, the three aircraft was exposed to the Economic Information Daily in public view, China Southern Airlines lost 4.829 billion yuan, 13.928 billion yuan loss of Eastern Airlines, Air China lost 9.149 billion yuan, the total loss of three aircraft 27.906 billion yuan, which General Administration of Civil Aviation of China is the highest in the history of the three aircraft loss records. According to IATA statistics, in 2008 the global airline industry loss of 8.5 billion U.S. dollars, which means that the total losses of China's three major aviation aircraft account for the global rate of 48.1% of total losses.
However, painstaking examination of the annual report is not arduous to find three aeroplane, three aeroplane in 2008 fascinated in a "one-loss enough" of believes, in augmentation to all the Oil futures deficits into the forfeit of bob on covering, but in addition have a large provision for impairment . With the heating of the first quarter of civilised aviation market, which for the three aeroplane recovery recital in 2009 has arranged a good foundation.
Provision for impairment of 4.354 billion yuan
Oil guesswork due to hedging bonds has commanded to China Eastern and Air China tolerated a immense balancing forfeit of unbiased worth, which Eastern Airlines fuel hedging deficits took position in 2007 an advance of over 6.353 billion yuan, accounting for 46 out of 100 of the total loss. Air China's modifications in unbiased worth forfeit of 7.707 billion yuan, accounting for 84.24% of the total loss.
Oil futures because of speculation in the lead after the loss of three aircraft go a long way, "a deficit enough," the suspect. China Southern in 2008 raised a total of 2.073 billion yuan impairment, the amount of provision in 2008 accounted for China Southern's 43% loss; Donghang report shows that assets impairment losses amounted to 2.022 billion yuan, an increase of 800 percent; Air assets in China impairment loss of 2.59 billion the previous year but less than the impairment provision. Total impairment of the three aircraft 4.354 billion yuan, accounting for 15.6% loss.
In addition, Air China lost in the investment 1.152 billion yuan, mainly due to associated companies - Cathay Pacific Airways to confirm a loss of 1.188 billion yuan of investment losses. This means that Air China's main business in 2008 the basic break-even.
If we take away the impairment and the CAO sets of floating capital losses, the loss of three aircraft was 9.486 billion yuan more than the industry had expected better.
Greatly reduced the performance of pressure this year
Provision for impairment of large and warmer throughout the first quarter facts and numbers issued in order that a ray of wish for the industry. Air China yesterday's broadcast displays that the first quarter of this year, Air China is not only the culmination of rotating, but furthermore a earnings of 980 million yuan, 0.08 yuan rudimentary profits per share.
First quarter of this year, Air China to achieve operating income of 11.24 billion yuan, up 11.8 percent decline; 980 million yuan net profit (excluding minority interests), earnings per share and net return on assets reached 0.08 yuan and 4.73 percent. Shenzhen Airlines official figures showed that one quarter of 160 million yuan profit and that the air transport industry have indications warmer.
The Civil Aviation Authority numbers displayed that the first quarter of the household municipal aviation transport commerce revenue development over the preceding year a total of 1.3 per hundred over the identical time span, household traveller transport capacity of 1 to 3 months, respectively, over the identical time span last year an boost of 21.3%, 17%, 15.8%. 1 March this year, China's municipal aviation commerce is anticipated to accomplish profitability.
As the market rebound, as well as three large aeroplane impairment training, the recital of airlines in 2009 has highly lessened the insist, if the second and third quarter to carry on the prevailing expansion in 2009 is looked frontwards to to turn throughout the three greatest routes. - 21393
However, painstaking examination of the annual report is not arduous to find three aeroplane, three aeroplane in 2008 fascinated in a "one-loss enough" of believes, in augmentation to all the Oil futures deficits into the forfeit of bob on covering, but in addition have a large provision for impairment . With the heating of the first quarter of civilised aviation market, which for the three aeroplane recovery recital in 2009 has arranged a good foundation.
Provision for impairment of 4.354 billion yuan
Oil guesswork due to hedging bonds has commanded to China Eastern and Air China tolerated a immense balancing forfeit of unbiased worth, which Eastern Airlines fuel hedging deficits took position in 2007 an advance of over 6.353 billion yuan, accounting for 46 out of 100 of the total loss. Air China's modifications in unbiased worth forfeit of 7.707 billion yuan, accounting for 84.24% of the total loss.
Oil futures because of speculation in the lead after the loss of three aircraft go a long way, "a deficit enough," the suspect. China Southern in 2008 raised a total of 2.073 billion yuan impairment, the amount of provision in 2008 accounted for China Southern's 43% loss; Donghang report shows that assets impairment losses amounted to 2.022 billion yuan, an increase of 800 percent; Air assets in China impairment loss of 2.59 billion the previous year but less than the impairment provision. Total impairment of the three aircraft 4.354 billion yuan, accounting for 15.6% loss.
In addition, Air China lost in the investment 1.152 billion yuan, mainly due to associated companies - Cathay Pacific Airways to confirm a loss of 1.188 billion yuan of investment losses. This means that Air China's main business in 2008 the basic break-even.
If we take away the impairment and the CAO sets of floating capital losses, the loss of three aircraft was 9.486 billion yuan more than the industry had expected better.
Greatly reduced the performance of pressure this year
Provision for impairment of large and warmer throughout the first quarter facts and numbers issued in order that a ray of wish for the industry. Air China yesterday's broadcast displays that the first quarter of this year, Air China is not only the culmination of rotating, but furthermore a earnings of 980 million yuan, 0.08 yuan rudimentary profits per share.
First quarter of this year, Air China to achieve operating income of 11.24 billion yuan, up 11.8 percent decline; 980 million yuan net profit (excluding minority interests), earnings per share and net return on assets reached 0.08 yuan and 4.73 percent. Shenzhen Airlines official figures showed that one quarter of 160 million yuan profit and that the air transport industry have indications warmer.
The Civil Aviation Authority numbers displayed that the first quarter of the household municipal aviation transport commerce revenue development over the preceding year a total of 1.3 per hundred over the identical time span, household traveller transport capacity of 1 to 3 months, respectively, over the identical time span last year an boost of 21.3%, 17%, 15.8%. 1 March this year, China's municipal aviation commerce is anticipated to accomplish profitability.
As the market rebound, as well as three large aeroplane impairment training, the recital of airlines in 2009 has highly lessened the insist, if the second and third quarter to carry on the prevailing expansion in 2009 is looked frontwards to to turn throughout the three greatest routes. - 21393
posted by X - Men @ 1:37 AM
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