www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Industries

Chinese airline 1Q earnings fall on weaker yuan

(Xinhua) Updated: 2014-04-30 14:42

HONG KONG - China's major state-owned airlines have posted lower quarterly profits because recent weakness in the yuan has raised costs.

Air China Ltd and China Eastern Airlines Corp said late Tuesday that earnings were hit by the change in China's currency, which had been gradually strengthening for years until it changed course in 2014 and started depreciating.

Profitability at Chinese airlines, which have dozens of new airplanes on order, is highly vulnerable to exchange rate fluctuations. While they earn most of their revenue in yuan, major expenses such as fuel and new airplanes are priced in dollars.

Airlines aren't the only Chinese companies hurt by the yuan, which fell about 2.6 percent against the dollar in the first quarter. Oil refiner Sinopec said this week that profits were squeezed as the stronger dollar made it more costly to buy oil.

Beijing-based Air China reported net profit in the January-March period fell to 92.7 million yuan ($14.8 million), down 63 percent from 252.3 million yuan in the same period last year. Revenue rose 7.5 percent to 24.4 billion yuan.

The company said the profit drop was mainly due to net foreign exchange losses arising from the depreciation of renminbi. But it said operating profit rose because of efficiency gains and lower jet fuel prices.

China Eastern, based in Shanghai, said its net loss widened to 205 million yuan from 131 million yuan last year. Revenue rose to 21.8 billion yuan.

Currency fluctuations have also hurt earnings at the country's third big state-owned carrier, China Southern Airlines, which this week said it swung to a 324 million yuan loss in the first quarter following a 36 million yuan profit a year ago.

Chinese airline 1Q earnings fall on weaker yuan
 
Top 10 safest airlines in the world?

Chinese airline 1Q earnings fall on weaker yuan

Airlines aim to upgrade flights

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 国产日韩不卡免费精品视频 | 亚洲综合视频 | 毛片搜索 | 日本韩国台湾香港三级 | 日本www色视频成人免费网站 | 日韩免费在线视频 | 男女乱淫真视频免费一级毛片 | 国产激情一级毛片久久久 | 亚洲 欧美 手机 在线观看 | 亚洲精品一区国产二区 | 欧美另类精品一区二区三区 | 国产成人精品一区二区秒拍 | 成人毛片免费网站 | 久久亚洲精品国产精品777777 | 中国农村一级毛片 | 久久这里有精品视频 | 国产成人在线视频播放 | 成人久久网| 91精品亚洲 | 日本视频在线免费观看 | 99成人国产精品视频 | 性生活视频网 | ppypp日本欧美一区二区 | 欧美成a人免费观看久久 | 日本波多野结衣视频 | 老司机黄色影院 | 在线观看精品自拍视频 | 中国国产成人精品久久 | 中文字幕国产视频 | 欧美极品第1页专区 | 国产亚洲综合在线 | 偷拍精品视频一区二区三区 | 美女视频黄视大全视频免费网址 | 古代级a毛片可以免费看 | 国产欧美精品一区二区三区四区 | 久久精品国产91久久综合麻豆自制 | 国产精品九九久久一区hh | 午夜大片免费男女爽爽影院久久 | 手机看片国产欧美日韩高清 | 99在线视频免费观看 | 日韩美女毛片 |