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An economy in the clouds: air travelers' $400.5 billion economic contribution

An economy in the clouds: air travelers' $400.5 billion economic contribution

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.

09/03/2018|5:24:26 PM|PR Newswire
China Eastern H1 reports 12.6% growth in revenue, 10.3% in passenger volume

China Eastern H1 reports 12.6% growth in revenue, 10.3% in passenger volume

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%.

08/31/2018|11:53:03 AM|ChinaEasternAirlines
Air China drives total revenue up by 11.96% in H1 2018

Air China drives total revenue up by 11.96% in H1 2018

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.

08/31/2018|10:24:48 AM|AirChina
Rising fuel costs drag China Southern H1 profit down 22.8%

Rising fuel costs drag China Southern H1 profit down 22.8%

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.

08/30/2018|10:49:59 AM|ChinaSouthern
China Eastern unveils new flight management tech at STX Singapore 2018

China Eastern unveils new flight management tech at STX Singapore 2018

The new system will use Sabre’s existing AirCentre suite as the core system provider of China Eastern’s “next generation” flight management platform.

08/29/2018|9:17:35 AM|TravelDailyMedia
Chinese Airlines hamstrung despite spiking demand

Chinese Airlines hamstrung despite spiking demand

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.

08/28/2018|4:11:03 PM|Bloomberg
Air Canada takes over loyalty program aeroplan for $345 million

Air Canada takes over loyalty program aeroplan for $345 million

The acquisition would allow for a smooth transition to Air Canada’s new loyalty program launching in 2020.

08/24/2018|11:25:16 AM|Skift
Chinese airlines to top 600 million passenger milestone

Chinese airlines to top 600 million passenger milestone

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.

08/24/2018|9:59:28 AM|RoutesOnline
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