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Search results for “capacity cuts”
Dominant airlines in China take USD 2.5 billion currency hit
03/31/2016
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2:00:13 PM
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China's three major state-owned airlines combined suffered about USD 2.5 billion in foreign-exchange losses last year after the country unexpectedly devalued the RMB in August, squeezing passenger yields and limiting profit gains from cheap oil.
The true cost of distressed passengers, walked guests, and poor customer service
04/22/2016
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7:42:16 PM
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Today, the voices of angry customers have become amplified by social media, and the voice of an unsatisfied customer is louder than ever. The cost of these negative customer experiences is paramount. Big brands lose hundreds of millions of dollars due to customer churn and, importantly, negative mentions of poor customer service in social media that can harm a brand’s reputation.
Chinese airlines skirting fuel hedge profit from oil price plunge
03/23/2016
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11:06:03 AM
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Three top airlines in China will report at least 70% net income surge next week while many Asian carriers reported losses from jet fuel hedging in 2015.
China Southern’s 2015 net income exceeds RMB 3.7 billion
01/28/2016
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11:16:34 AM
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China Southern Airlines finished the year of 2015 with flying colors, reporting net income estimated to exceed RMB 3.7 billion, the preliminary estimate of net income attributable to shareholders in 2015 shows y-o-y increase of between 110%-130%.
Airlines Challenge Low-Cost Foes on Fares
12/31/2015
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9:16:19 AM
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The three biggest American airlines once shrugged off their lowest-cost rivals, however, since the cost of fuel continues to drop, they began to wage fare fights to their low-cost foes by adding flights and seats and reducing ticket price to gain more customers.
China Eastern’s LCC ambition takes off on a strong note
08/26/2015
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8:42:11 AM
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China Eastern Airlines has set up new subsidiaries in order to ensure its LCC venture, China United Airlines, takes off on a strong foundation.
US Justice Department opens probe of airlines for collusion
07/02/2015
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3:55:58 PM
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The DOJ is investigating several U.S. airlines for possible collusion in a probe that could have a deep impact on domestic carriers' seat availability and airfares.
Chinese carriers to spend over US$4 billion on planes to meet long-haul flight demand
07/21/2015
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2:49:31 PM
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The Chinese aviation sector's turnaround is attributed to lower fuel costs and explosive growth in international air routes.
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