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Air China Cargo

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Air China Cargo

ICAO Code
CAO
Corporate Address
Beijing Capital Airport, 46 Xiaoyun Road, Beijing 100027, People´s Republic of China
Website
http://www.airchinacargo.com
Country
China
Business model
Cargo

Air China Cargo is a cargo airline based in Beijing, China. The carrier is an all-cargo subsidiary of Air China. Air China Cargo operates service to destinations within China and in Asia, Europe and the USA from its main base is Beijing Capital International Airport.


 
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59 total articles

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6,348 total articles

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Air China profits decline on rising fuel costs; international passengers and cargo weakness

29-Aug-11 12:05 PM

Air China reported a 12% reduction in first half (six months to 30-Jun-2011) net profit to CNY4.06 billion (USD634 million) amid "continuous depression of western economy,” “unstable political situation in North Africa” and “surging fuel prices.” The increased cost base, driven by the higher fuel costs, offset a double-digit increase in revenues, which was boosted by steadily increasing domestic market demand. Air China's weaker first-half profit contrasts with competitor China Southern Airlines, which reported a 33% gain in first-half net profit to CNY2.76 billion on strong demand for air travel.

China and Hong Kong air freight softness reflects growing global economic gloom

19-Aug-11 5:55 PM

The spectacular rebound of air freight demand in the world's factory, China, over the past two years has come to an abrupt halt in 1H2011 amid worrying signs for the global economy. Predicting the impact of weakness in Europe and the US on the Chinese and broader Asian economies is a key challenge for analysts at the moment. If the air cargo segment's credentials as a bellwether of underlying economic activity holds true, there could be turbulence ahead.

Air China Cargo enters Hong Kong-Shanghai route. Expanding with new aircraft

19-Aug-11 9:03 AM

Air China Cargo, the fast-growing cargo JV between Air China and Cathay Pacific, is scheduled to commence B747F services between its Shanghai base and Hong Kong on 24-Aug-2011. The new service will target not only point-to-point cargo but also onward traffic to international destinations. It is part of an aggressive fleet and network expansion plan that comes amid signs of a softening of the world economy.

China’s major airlines report strong revenue gains in 1Q2011

3-May-11 5:02 PM

China’s three major carriers reported strong revenue gains in 1Q2011, based on Chinese Accounting Standards, although only China Eastern Airlines reported net profit improvements. Air China and China Southern Airlines both reported declines in their net profit due to one-time exceptional gains during 1Q2010. All the Chinese carriers that have reported 1Q2011 financial results to-date, including Hainan Airlines and Shandong Airlines, have reported positive net and operating profit margins.

Cathay Pacific reports ‘firm’ premium demand but ‘slump’ in Japan routes; load factors weak in Mar

26-Apr-11 10:04 AM

Cathay Pacific stated premium demand remained “firm” in most markets in Mar-2011 although the “slump” in demand in the carrier’s Japanese routes was evident. Outgoing CEO Tony Tyler stated that "in general, the company is in very good shape or there are solid plans in place to put it in very good shape".

Airports in north-east Japan affected by earthquake and tsunami: Airline responses - UPDATE 1

14-Mar-11 2:00 PM

Several airports in north-east Japan have been affected by Friday’s devastating earthquake and tsunamis. None more so than Sendai Airport, which was flooded when the tsunami struck, and remains closed. Major gateways including Tokyo Narita and Haneda resumed normal operations on Saturday.

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