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: 久久88香港三级台湾三级中文 | 97免费视频观看 | 极品丝袜高跟91白沙发在线 | 久久99精品综合国产首页 | 手机看片1024欧美日韩你懂的 | 亚洲视频网站在线观看 | 欧美真人视频一级毛片 | 成人毛片国产a | 欧洲一级毛片免费 | 日韩一级a毛片欧美区 | 亚洲一区免费在线 | 亚洲视频 中文字幕 | 久久精品视频8 | 在线观看中文字幕一区 | 538在线视频二三区视视频 | 最新亚洲精品国自产在线观看 | 美女脱了内裤张开腿让男人桶网站 | 中文一区在线 | 一区二区三区免费高清视频 | 国产日韩亚洲不卡高清在线观看 | 精品无码三级在线观看视频 | 在线精品播放 | 三级国产三级在线 | 九九国产在线视频 | 在线视频一二三区2021不卡 | 中文字幕一区二区三区亚洲精品 | 国产好片无限资源 | 精品外国呦系列在线观看 | 欧洲免费无线码二区5 | 亚洲一级黄色毛片 | 国产综合在线视频 | 久青草网站 | 日韩国产欧美成人一区二区影院 | 国产伦精一区二区三区 | 综合久久影院 | 国产精品一二三区 | 国产伦精品一区二区三区四区 | 曰韩一级毛片 | 三级网站大全 | 国内自拍一区 | 欧美成人免费在线观看 |