GPS News  
AEROSPACE
China's three big airlines see rise in Q3 net profit
by Staff Writers
Shanghai (AFP) Oct 30, 2017


China's three biggest airlines have reported a rise in third-quarter net profit on strong domestic travel demand.

China Southern, Asia's biggest carrier, saw its net profit for July-September surge 29.40 percent year-on-year to 4.28 billion yuan ($643.7 million), according to a stock exchange statement Monday.

Flag carrier Air China said its third-quarter net profit surged 31.39 percent year-on-year to 4.95 billion yuan, according to a statement late last week to the Hong Kong exchange, where it is listed.

The carrier said strong economic growth in the quarter, and buoyant demand during the summer holiday season from July to August, boosted earnings.

"Despite challenges the aviation industry still faces, such as foreign exchange rate, oil price, geological and political situations... the overall market supply and demand trend improved," Air China said in a statement.

Chinese carriers have benefited from a boom in domestic and international air trips as the country's middle class spends more on travel and leisure.

Shanghai-based China Eastern Airlines reported slower growth than the others for the third quarter, up 3.09 percent to 3.59 billion yuan.

Its investment of 375 million euros for a 10 percent stake in Air France-KLM was completed on October 3.

Shares in China Southern and Air China were both boosted on Monday by the upbeat earnings.

Air China closed up 1.41 percent in Shanghai, where it is also listed, and jumped 3.92 percent in Hong Kong. China Southern added 0.94 percent in Shanghai and was 1.21 percent higher in Hong Kong.

AEROSPACE
Highly flexible wings tested
Edwards AFB CA (SPX) Oct 23, 2017
The subscale X-56A is scheduled for a series of research flights in November to prove enabling technology for designing aircraft with highly flexible, lightweight wings. The use of less structurally-rigid wings could be critical to future long-range, fuel-efficient airliners. A risk reduction flight Aug. 31 from Armstrong demonstrated that past challenges experienced during takeoffs and la ... read more

Related Links
Aerospace News at SpaceMart.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

AEROSPACE
Pigging out: internet mocks McDonald's new China name

Watching plant photosynthesis...from space

Study exposes the dark side of coffee cultivation in Uganda

Breeding salt-tolerant plants

AEROSPACE
Deep-depletion: A new concept for MOSFETs

Resistive memory components the computer industry can't resist

Nanoelectronic breakthrough may lead to more efficient quantum devices

Research team led by NUS scientists breaks new ground in memory technology

AEROSPACE
Highly flexible wings tested

Embraer, Sierra Nevada supplying more A-29 aircraft for Afghan air force

Airbus expected to lead light military helicopter market, report says

Eurofighter companies add on to Belgian contract bid

AEROSPACE
Energy firms back investment into diesel engine

Investors fuel a multibillion-dollar ride-sharing frenzy

'Dieselgate' costs choke Volkswagen profits

Opel drives Peugeot's sales, but China stalls

AEROSPACE
China's big four banks post solid Q3 results

China cracks down on fraudulent provincial growth figures

China slams US aluminium foil tariff ahead of Trump visit

Business leaders bow to Xi as Communist Party pushes in

AEROSPACE
Amazonian hunters deplete wildlife but don't empty forests

Indigenous groups warn Paris accord imperiled by deforestation

Forest fires contributed to record global tree cover loss

Tropical tree roots represent an underappreciated carbon pool

AEROSPACE
GOES-T Satellite "Brains" and "Body" Come Together

Keeping an Eye on Earth's Energy Budget

Google Earth helps researchers identify 400 ancient stone gates in Saudi Arabia

First joint France-China satellite to study oceans

AEROSPACE
New technique produces tunable, nanoporous materials

Terahertz spectroscopy goes nano

Nanotube fiber antennas as capable as copper

Jumping nanoparticles









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.