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
China / Politics

Full-price govt airline tickets grounded

By XU WEI (China Daily) Updated: 2014-04-24 02:39

Frugality expected to dent earnings of country's major carriers in short term

China plans to prohibit full-price air tickets during government travel as part of the ongoing frugality campaign, a move experts believe could put more pressure on the country's major airlines.

Full-price govt airline tickets grounded

Special:China cracks down on graft
The Ministry of Finance and the Civil Aviation Administration of China said in a joint notice on Tuesday that air flights of government personnel traveling on official business should be booked under the principle of frugality and should support domestic airlines.

The new regulation, to be enacted on June 1, states that government personnel traveling on official business must choose low-price tickets whenever possible. Full-price tickets are "in principle" banned, which means that if there are no special circumstances, full-price tickets will not be reimbursed.

Additionally, government personnel who travel overseas must choose flights from domestic airlines, the notice said. If there are no direct flights available, they must take a domestic flight to a nearby location and then transfer to a foreign airline.

Air tickets for government travel should be booked primarily at designated airlines that have been decided upon through the process of government procurement, the notice said.

Airlines should give discounts on the tickets as stated in the contract during the procurement process, it said. According to the notice, airlines should give an additional 5 percent discount for discount tickets and a discount of either 12 percent or 15 percent for full-price tickets.

Despite the authorities' stated intention to boost the development of domestic airlines, the new regulation could be another blow to major domestic airlines in the short term, an analyst said.

"It could reduce the net profits of domestic airlines because the profit margins brought about by full-price tickets in government travel is very important to their revenue structure," said Li Lei, a civil aviation analyst with China Minzu Securities Co.

Li said the authorities' measure could also help drag down the price of air tickets and put renewed pressure on airlines, adding that the government frugality campaign has significantly reduced air travel by government personnel.

The three major airlines in China — Air China, China Eastern Airlines and China Southern Airlines — all reported major declines in net profits in their annual reports for 2013.

Air China, the flag carrier of China, saw a 32.41 percent year-on-year reduction in its net profit in 2013. It is the third consecutive year that the carrier has reported reduced profits. The decline was attributed to China's slowed economic growth, the global economic recession and a weak cargo market.

China Eastern Airlines reported a 25.12 percent reduction in net profits in 2013, while China Southern Airlines saw a reduction of 27.89 percent, according to their annual reports.

The volume of air travel made by government personnel on official business could exceed 3 billion yuan ($481 million) each year, Beijing News reported, citing figures from the Civil Aviation Administration of China.

Zhang Wu'an, spokesman for the budget airline Spring Airlines, said the new regulation is good news for them.

"Our ticket price is a cutting-edge advantage for us to average passengers. We can certainly help the government to save more travel costs," he said.

Li Xiaojin, a professor at Civil Aviation University of China in Tianjin, said business travel by air, including government travel, is still estimated to take up more than half of all air travel. "That is why the effect cannot be overlooked," he said.

Li said the major airlines have already faced a major slump in profits in the first quarter of this year due to the appreciation of the yuan.

"That is because the installments of aircraft are paid in dollars or euros and the airlines collect most ticket fares in yuan," he said.

However, Li, the analyst, said that in the long term the market will have the final say on the price of air tickets and the airlines people choose.

"Despite the items on transfer in the new regulation, it is impossible for all the domestic airlines to cover all the major cities in the world," he said.

"For some high level government officials, it is hard to imagine they would stand the trouble of making two or three transfers during a business trip," he said.

Zhao Lei contributed to the story.

Highlights
Hot Topics
...
主站蜘蛛池模板: 久久国产精品久久精品国产 | 美女黄网站色一级毛片 | 国产乱肥老妇精品视频 | 精品一区二区三区的国产在线观看 | 国产成人精品视频一区二区不卡 | 特级一级毛片免费看 | 波多野结衣在线观看一区二区三区 | 国产在线拍揄自揄视精品不卡 | 国产成人精品福利网站在线 | 久久91这里精品国产2020 | 亚洲第一免费 | 手机看片毛片 | 亚洲免费视频网址 | 全高清特级毛片 | www.操操操| avtt亚洲一区中文字幕 | 精品国产美女福到在线不卡f | 国产伦精一区二区三区 | 毛片免费观看视频 | 亚洲 欧美 日韩中文字幕一区二区 | 国产高清日韩 | 米奇精品一区二区三区在线观看 | 免费观看欧美一级特黄 | 国产真实搭讪系列 | 最新国产美女一区二区三区 | aaaa级毛片欧美的 | 一区三区三区不卡 | 99久久香蕉国产综合影院 | 日韩欧美一区二区三区不卡视频 | 国产精品99在线观看 | 521a久久九九久久精品 | 天天看有黄有色大片 | 精品日韩在线视频一区二区三区 | 美女视频网站色 | 久色tv| 国产亚洲精品国产 | 久在线观看视频 | 97婷婷狠狠成人免费视频 | 欧美日韩国产亚洲综合不卡 | 国产精品特黄毛片 | 中文国产成人精品久久水 |