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>News Center>China
       
 

RMB appreciation helps nation's airlines
By Lu Haoting (China Daily)
Updated: 2005-07-28 06:13

Meanwhile, maintenance and landing fees at foreign airports are also expected to see a "discount" of 2 per cent, said Liu Weimin, director and professor at the Aviation Laws Research Centre affiliated to the Civil Aviation Management Institute of China.

Investors' positive expectations pushed up the price of airline shares the day after China ended the yuan's decade-old peg to the US dollar, allowing the currency to strengthen 2 per cent from its previously fixed rate of about 8.28 yuan per one dollar.

"We have been anxiously waiting for the yuan appreciation," Zeng Zixiang, director of the policy research centre at China Southern airlines, was quoted as saying by China Business newspaper.

However, the small revaluation is not enough to pull some Chinese airlines back into the black, said analysts and air carriers. The key factor will be aviation oil prices in the second half of the year, they said.

Aviation oil accounts for more than 30 per cent of the total costs of Chinese airlines.

"The benefit from the 2 per cent yuan appreciation and from fuel surcharges on air tickets cannot offset surging operating costs created by fuel price hikes in the first half of this year," Xu said.

Aviation oil prices have jumped from 3,400 yuan (US$419.2) per ton early last year to 4,920 yuan (US$606.7) per ton.

The General Administration of Civil Aviation of China (CAAC) and the National Development and Reform Commission recently allowed Chinese air carriers to reintroduce fuel surcharges on domestic routes from next month until the end of the year.

Passengers will have to pay an extra 20 yuan (US$2.47) if they fly less than 800 kilometres and 40 yuan (US$4.9) if they fly more than that.

"The yuan appreciation, in theory, will make China's oil imports cheaper. But how much impact will the small appreciation really have on oil prices? It's still too early to give a conclusion," said Guo Dongmou, an aviation analyst at China Merchants Securities.

Also, the monopoly for jet fuel supplies in China puts Chinese airlines in "a very disadvantaged position" when trying to lower fuel costs, Xu said.

The China Aviation Oil Corp is the only jet fuel provider in the country.

The Chinese airline industry recorded a collective loss of 340 million yuan (US$41.9 million) in the first five months of this year, CAAC statistics show.

Surging jet fuel prices have been blamed for the losses, CAAC Director Yang Yuanyuan said earlier this year at a national work conference. Costs for Chinese airlines soared 3.54 billion yuan (US$436.4 million) during that period because of rising oil prices, he said.

Domestically listed China Southern, Hainan Airlines and China Eastern earlier this month issued profit warnings for the first half of this year. Shanghai Airlines also issued a report about a possible profit fall.

Besides pressure from fuel costs, Chinese air carriers also face challenges from fleet expansion that has speeded up since last year, while market demand lags behind, some analysts said.

But Zeng said, "We should not overestimate the positive effect of the small appreciation of the yuan." 


Page: 12



999 roses to offer apology
Li Zhaoxing attends ASEAN+3 Foreign Ministers Meeting
Riot policewomen in training
  Today's Top News     Top China News
 

NASA stops shuttle flights until hazard fixed

 

   
 

Central bank said cooling yuan down

 

   
 

Skies open wide for pilots from abroad

 

   
 

Little progress for 2nd day of nuke talks

 

   
 

China starts training women astronauts

 

   
 

Veterinarians play down disease threat

 

   
  Trade surplus rocketing brings pressure
   
  Is it time to start culling big bad wolf?
   
  House okays bill aimed at subsidized China goods
   
  RMB appreciation helps nation's airlines
   
  Higher costs force firms to look elsewhere
   
  Veterinarians play down disease threat
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
主站蜘蛛池模板: 91久久青青草原免费 | 欧美一级毛片欧美大尺度一级毛片 | 国内成人精品亚洲日本语音 | 亚洲在线小视频 | 日韩欧美一区二区三区在线 | 久草在线手机 | 欧美亚洲国产精品久久久 | 日本精品一区二区三区在线视频 | 亚洲小视频 | 国产精品久久国产三级国不卡顿 | 日韩免费黄色片 | 欧美色综合高清视频在线 | 免费国产精品视频 | 一级片久久 | 亚洲在线免费视频 | 欧美理论片在线观看一区二区 | 免费看黄色的网址 | 91亚洲成人 | 国产真实乱子伦精品 | 国产免费自拍视频 | 久久在现 | 香蕉网站狼人久久五月亭亭 | 日本精品高清一区二区2021 | 美国第一毛片 | 99精品久久久久久久 | 日本肥老妇色xxxxx日本老妇 | 久久国产成人 | 精品日韩欧美一区二区三区 | 国产成人一区二区三区在线播放 | 欧美人禽杂交狂配毛片 | 鲁丝片一区二区三区免费 | 成人性动漫高清免费观看网址 | 求欧美精品网址 | 又黄又爽视频好爽视频 | 国产一级一国产一级毛片 | 国产精品国产三级国产an | 亚洲精选在线观看 | 亚洲伊人久久综合影院2021 | 在线观看中文字幕一区 | 在线久久 | 亚洲爱爱爱 |