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

   
  home feedback about us  
   
CHINAGATE.OPINION.Transportation    
Agriculture  
Education&HR  
Energy  
Environment  
Finance  
Legislation  
Macro economy  
Population  
Private economy  
SOEs  
Sci-Tech  
Social security  
Telecom  
Trade  
Transportation  
Rural development  
Urban development  
     
     
 
 
China's airlines to remain strong growth despite global downturn


2001-10-16
China Daily

China's aviation market will remain one of the fastest-growing markets globally despite recent events in the United States and subsequent military action, a senior Salomon Smith Barney (SSB) analyst said on Monday.

"Given the traffic growth potential backed by China's strong GDP growth, we still favor the Chinese airlines, with China Southern Airline and China National Aviation Corp our top picks," said Tiffany Co, vice-president for SSB's Asia Pacific equity research.

The SSB analyst also believed that China's airlines should be the least affected by the recent events because of their relatively light exposure to the US and European markets. "We do not expect fundamentals to change substantially in the near future, " Co said.

Although there are still challenges, such as high jet costs and excess capacity, the operating environment could improve in the long term, she said.

The SSB's analyst also assumed that China Southern Airline will grow its overall traffic by 14.4 percent in 2002 given that China's WTO entry should stimulate more foreign air travel into China.

China National Aviation Corp is financially strong, Co said, adding that she estimates it is in a net cash position. "Its strong balance sheet should help it weather the economic downturn, " she added.

But China Eastern Airline's strong exposure to the country and passenger aviation market should make it more resilient to the global airline industry downturn, the analyst noted. The airline generates 77 percent of its revenues from the mainland domestic market and 88 percent from passenger services.

She believed that the airline's larger international and cargo exposure make it more vulnerable to the global economic downturn, which has worsened since September 11.

Speaking of the Asia airline industry as a whole, Co said she expects Asian airlines will reduce capacity by around 5 to 10 percent, on the assumption that overall traffic will slow by around 5 percent for them because of the recent events in the United States and subsequent military action.

 
 
     
  print  
     
  go to forum  
     
     
 
home feedback about us  
  Produced by m.orobotics.cn. All Rights Reserved
E-mail: webmaster@chinagate.com.cn
主站蜘蛛池模板: 国产aⅴ一区二区 | 窝窝午夜精品一区二区 | 三级毛片三级毛片 | 国产精品19p| 亚洲国产成人久久一区久久 | 自拍偷拍视频在线观看 | 99视频在线精品免费观看18 | 自拍视频在线观看视频精品 | 91成人软件| 免费成年人在线观看视频 | 免费区一级欧美毛片 | 久久99久久成人免费播放 | 韩国精品视频在线观看 | 另类视频在线观看 | 91人人视频国产香蕉 | 中文字幕日韩欧美一区二区三区 | 亚洲爽妇网 | 免费看欧美成人性色生活片 | 日韩欧美亚洲中字幕在线播放 | 国产日韩欧美 | 成年性午夜免费视频网站不卡 | 欧美成人免费大片888 | 日本草草影院 | 日韩久久中文字幕 | 成人在线免费视频播放 | 亚洲性生活视频 | 美女张开腿让男生桶出水 | a级片在线 | 日本三级s级在线播放 | 中文国产日韩欧美视频 | 欧美成人免费看片一区 | 高清毛片免费看 | 成人做爰全过程免费看网站 | 国产三级a三级三级天天 | 成年人在线免费观看视频网站 | 欧美手机视频 | 最新国产一区二区精品久久 | 欧美在线视频观看 | 日韩国产精品欧美一区二区 | 久久久久久久91精品免费观看 | 国产精品一区二区三区免费 |