Tourism boom to bring record profits for Chinese airlines

Chinese aviation is set to soar as China’s airlines will report their annual profits this week, with predictions it will be the most successful year yet.

The South China Morning Post puts this down to increasing travel demand as well as a strong Yuan.

Some negative aspects have been rising fuel costs and lower passenger income, but these remain drops in the ocean compared to revenue increases.

See also:

Singapore’s Changi Airport sees 5.6% rise in passenger numbers

India’s Jet Airways to add 144 weekly flights

Competing bids for multi-billion-dollar Manila Airport expansion

China Southern Airlines is the country’s largest airline and is set to report a net income of over $1bn which will be its highest in 11 years.

Air China will also see its largest profits since 2010, it is estimated, and China Eastern Airlines is set to book its “best result since at least 1996”.

China’s National Tourism Administration says that over 5bn domestic trips were made last year, a 12.8% year-on-year rise, and 129mn overseas trips were made, marking a 5.7% YoY rise.


Featured Articles

Top 10 best-performing Australian companies: mines to banks

Among Australia’s largest companies by market cap are the country’s Big Four banks, a tech startup that successfully scaled, and two firms with female CEOs

Top 10 richest Southeast Asia: how they made their fortunes

From Singapore’s paint tycoon to Malaysia’s sugar king, we round up the 10 richest people in Southeast Asia – and investigate how they made their billions

Will moonlighting ever become accepted practice in India?

While not a new phenomenon, moonlighting has become a hot button issue across India with IT majors cracking down on it. Will the practice ever be accepted?

New YouTube CEO Neal Mohan joins surge of Indian-origin CEOs

Leadership & Strategy

Ex Infosys President Ravi Kumar is the CEO Cognizant needs

Leadership & Strategy

How India is bucking the global dealmaking downturn

Corporate Finance