Orient Aviation Daily Digest April 30, 2021
A look at the week
By Jordan Chong
There were a slew of financial results out this week revealing how airlines are faring during the coronavirus pandemic.
While the financial figures showed what had occurred, the accompanying commentary offered some insight into the thinking of airlines about the months ahead.
In their quarterly financial updates, China’s “Big Three” carriers – Air China, China Eastern Airlines (CEA) and China Southern Airlines (CSA) – noted the recovery in China's domestic market and the still uncertain outlook for international air travel. Read More »
News
ANA expects to return to profit next year after US$3.7billion loss in fiscal 2021
ANA HOLDINGS INC. (ANA HD), the parent company of All Nippon Airways (ANA), today reported a net loss of 404.6 billion yen (US$3.7 billion) for the 12 months to March 31, 2021, slumping into the red from a net profit of 27.7 billion yen a year ago. Read More »
News
Air China posts US$959 million loss for first three months of Mainland’s fiscal year
Air China yesterday reported a net loss of 6.2 billion yuan (US$959 million) for the three months to March 31, against a net loss of 4.8 billion yuan 12 months ago. Read More »
News
China Southern Airlines (CSA) warned of "huge uncertainties" ahead when it reported a net loss, although narrowed, of four billion yuan (US$618 million) for the three months to March 31. Read More »
News
CEA announces US$588 million quarterly loss; says COVID-19 situation still severe
China Eastern Airlines (CEA) has posted a net loss of 3.8 billion yuan (US$588 million) for the three months to last March 31, a slight improvement from a net loss of 3.9 billion yuan a year earlier. Read More »
News
Embraer delays E175-E2 entry into service to 2024
Embraer said overnight entry-into-service of its E175-E2 regional jet would be pushed back by one year to 2024 "given the current market conditions for commercial aviation from the COVID-19 pandemic". Read More »
News
Juneyao Airlines considering aviation investment reveals Mainland financial media
China's privately controlled Juneyao Airlines plans to establish a vehicle that would invest in other aviation assets, media reports said yesterday, citing a regulatory filing to the Shanghai Stock Exchange (SSE). Read More »
