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Last Updated : Mon 20-Oct-2014 01:27 HKSAR (GMT +08:00)
September data points to weak results from Chinese airlines
2014-10-20 01:54:00

HONG KONG, Oct 20 (GCTL) - Weak September operating data from mainland airlines suggests their third-quarter results, due to be released later this month, may disappoint, even though it is traditionally their best-performing quarter.

Traffic figures from Air China, China Southern Airlines and China Eastern Airlines Corp., the Big Three state-owned airlines listed in Hong Kong, show growth slower than analysts had expected and a decline in passenger load factor, the industry's measure of how full planes are.

Analysts said sluggish domestic demand meant the carriers' profitability for the rest of the year would hinge on improvements in international passenger yields.

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Category : Business & Financial News   Aviation Greater China  

Tags : Air China, China Southern Airlines, China Eastern Airlines Corp.,

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