Air travelers have built a soaring economy in the sky worth $400.5 billion, with more than $1.26 billion being added every day, according to new research from HSBC.
Revenue amounted to ￥54,500 million, representing a year-on-year increase of 12.6%; net profit attributable to equity holders of the Company was ￥2,279 million, a decrease of 47.50%.
Revenue rose 11.96% year-on-year to ￥64.242 billion, of which air passenger revenue was up 11.55% year-on year to ￥56.894 billion.
The company's revenue for the first half was ￥67.6 billion ($9.9 billion), an annual rise of 12%. Fuel was its highest cost as international oil price swings impacted its performance.
The new system will use Sabre’s existing AirCentre suite as the core system provider of China Eastern’s “next generation” flight management platform.
Combined net income at Air China Ltd., China Eastern Airlines Corp. and China Southern Airlines Co. probably fell more than 50 percent to 4.95 billion yuan ($727 million) in the first half of 2018.
The acquisition would allow for a smooth transition to Air Canada’s new loyalty program launching in 2020.
Chinese airlines are this year on course to collectively carry more than 600 million passengers for the first time, Routesonline has found, a huge increase from the 440 million carried just five years ago.
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