Air China releases 2018 interim results
Air China Limited at the end of August released results for the first six months of 2018, ended June 30, 2018. This included a revenue increase of approximately 12 per cent to RMB64.2 billion ($12.4 billion) when compared to the corresponding period in 2017. Operating expenses for Air China increased by 12.5 per cent year over year to RMB59.6 billion ($11.5 billion).
September 4, 2018 By Wings Staff
As at the end of June 2018, the company’s passenger routes have expanded to 434 in total, across six continents of the world, comprising 308 domestic, 109 international and 17 regional routes. Air China’s network covered 42 countries and regions and 189 cities, including 69 international, four regional and 116 domestic cities. Through Star Alliance, the company’s route network extended to 1,317 destinations in 193 countries.
In the first half of 2018, Air China explains that the country’s passenger aviation market grew steadily in demand and supply, while outbound travel and international traffic demand continued to rise rapidly along with capacity supply.
In the first half of 2018, Air China launched 28 domestic and international routes, including resumed routes, comprising 21 domestic and seven international routes. As for the Beijing Hub, the company launched international routes like Beijing-Barcelona, Beijing-Houston-Panama, Beijing-Copenhagen and Beijing-Hanoi. At the end of the reporting period, the company launched around 30 direct routes from Beijing to the countries along the Belt and Road corridor. Belt and Road is a development strategy proposed by the Chinese government to form a modern-day Silk Road Economic Belt between Eurasian countries.
Air China describes the capacity of Beijing as one of its key bases, increasing by 6.8 per cent year-on-year, pointing to the deployment of wide-body aircraft for key routes departing from Beijing. The group delivered through check-in baggage services on routes from 19 European cities to domestic destinations via Beijing. As at the end of June 2018, this service has covered 35 waypoints in Europe, America and Australia. The number of O&D connected in the Beijing Hub increased to 6,050 from 5,918 as at the end of 2017.
The number of onward transit passengers via Beijing increased by 25.4 per cent year on year. The Chengdu International Hub launched new international and domestic routes such as Chengdu-Bangkok, Chengdu-Huai’an and Chengdu-Hotan, and the capacity contributed increased by 10.3 per cent year-on-year.