YAHOO FINANCE ELECTION GUIDE What the 2024 campaign means for your wallet Shanghai - Delayed Quote ? CNY Air China Limited (601111.SS) Follow Compare 7.62 +0.01 (+0.13%) At close: 3:00 PM GMT+8 All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations Top Chinese airlines' profits fall as flagging economy pressures fares China's top three state-owned airlines reported profit declines in the third quarter despite record summer passenger numbers and fuller planes than last year, as a slowdown in domestic economic growth pushes flyers to seek cheaper fares. Beijing-headquartered Air China on Wednesday reported a net profit of 4.14 billion yuan ($581.34 million) in the quarter, down from 4.24 billion yuan a year earlier. China Eastern Airlines on the same day posted a net profit of 2.63 billion yuan, down 28.2% year on year. Reuters ? 6 days ago AICAF CHNEY China's top airlines post losses amid slow international travel BEIJING (Reuters) -China's leading state-owned airlines posted losses in the first half of the year, weighed down by a slower-than-expected rebound in international travel, domestic oversupply, and more intense competition as aviation capacity returns globally. China's top three airlines - Air China, China Southern Airlines and China Eastern Airlines - last reported annual net profits in 2019 before the COVID-19 pandemic took hold. China Eastern, headquartered in Shanghai, reported a first-half loss of 2.8 billion yuan ($395 million) on Friday, compared with a loss of 6.2 billion in the same six months of last year. Reuters ? 2 months ago AICAF CHKIF CHNEY Stocks to watch this week: Nvidia, Prudential, CrowdStrike and Foot Locker Earnings preview of key companies reporting this week and what to look out for. Yahoo Finance UK ? 2 months ago C PRU MGPUF Are Investors Undervaluing Air China (AIRYY) Right Now? Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Zacks ? 3 months ago AICAF Boeing restarts new plane deliveries to China Boeing has restarted wide-body jet deliveries to China that were halted in recent weeks due to a Chinese regulatory review which also stalled new narrow-body deliveries by the U.S. planemaker, according to flight tracking data and two sources. All Boeing deliveries to China are now set to resume, a source told Reuters. New Boeing deliveries to China have been off and on since 2019 after two fatal crashes of MAX 8 jets and amid intensifying tensions over issues ranging from technology to national security between Washington and Beijing. Reuters ? 4 months ago BA AICAF 3 Beaten-Down Transportation Stocks That Could be Winners in 2024 We expect stocks like KNOT Offshore Partners (KNOP), Air China (AIRYY) and Alstom (ALSMY) to perform well in 2024, unlike 2023. Zacks ? 10 months ago ALSMY AIRYY Air China plans up to $842 million share placement to buy planes, boost capital Air China plans to raise up to 6.0 billion yuan ($842 million) in a private share sale on the Shanghai Stock Exchange to expand its fleet and replenish working capital, it said on Friday. The flagship carrier is aiming to sell up to 854.7 million shares, equivalent to 30% of its existing capital, to its controlling shareholder China National Aviation Holding Corporation Limited, it said in a statement to the Shanghai exchange. Air China will use 4.2 billion yuan of the proceeds to fund the purchase of 17 airplanes, with the remaining 1.8 billion yuan used to boost its working capital, according to the filing. Reuters ? 10 months ago AICAF Air China Cargo welcomes first Airbus A330 converted freighter Air China Cargo is adding Airbus freighters to its fleet after previously operating Boeing jets. The post Air China Cargo welcomes first Airbus A330 converted freighter appeared first on FreightWaves. FreightWaves ? 10 months ago AIRYY EADSY Performance Overview Trailing total returns as of 11/5/2024, which may include dividends or other distributions. Benchmark is SSE Composite Index Return 601111.SS SSE Composite Index YTD +3.81% +13.85% 1-Year -2.81% +11.75% 3-Year -8.41% -3.97%
