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Air China, Hainan Airlines Lock In $17.8 Billion Airbus Bulk Orders Despite Q2 Pressures
US Markets

Air China, Hainan Airlines Lock In $17.8 Billion Airbus Bulk Orders Despite Q2 Pressures

Three major Chinese airline companies have finalized bulk aircraft purchase commitments with Airbus, carrying a total list-price valuation of $17.8 billion despite experiencing challenges from elevated jet fuel costs.Air China (HKG:0753, SHA:601111) will acquire 15 Airbus A350-900 jets valued at $6.09 billion at list prices for delivery between 2030 and 2032, according to exchange filings over the weekend.Its majority-owned subsidiary Shenzhen Airlines finalized an agreement for 40 A320neo aircraft valued at $6.35 billion, with deliveries scheduled from 2029 to 2032.Separately, Hainan Airlines (SHA:600221) committed to 40 A320neo jets carrying a maximum list value of $5.36 billion, slated to arrive in batches between 2028 and 2032.The fleet expansions come despite expected losses in the first half due to macro headwinds.Air China expects attributable net loss for the first half to balloon to between 2.1 billion yuan and 2.6 billion yuan from 1.81 billion yuan a year earlier.The company attributed the forecast to higher jet fuel prices as a result of the Middle East conflict, squeezing its profit margins.The Iran conflict also weighed heavily on passenger traffic in June, with Air China's available seat kilometers, or ASK, falling 6.1% year over year. Revenue passenger kilometers, or passenger traffic, slid 2.9% from a year earlier, while cargo capacity also dropped by 6.3% year over year.Similarly, Hainan Airlines' ASK declined 7.0% year on year in the same month. RPK fell 7.7%, while cargo and mail volume slipped 9.6%.Data from global aviation consultancy IBA shows that while mainland Chinese operators have experienced minor localized headwinds, overall domestic and outbound system capacity remains near normalized pre-crisis run rates.

Hang SengShanghai Composite^SZSEHKG:0753SHA:600221SHA:601111SHA:900945
Asia

Air China to Buy 55 Airbus Aircraft in Major Fleet Expansion

Air China (HKG:0753, SHA:601111) agreed to buy 55 Airbus aircraft, comprising 15 A350-900 jets for the carrier and 40 A320neo family aircraft for subsidiary Shenzhen Airlines, according to a Hong Kong Exchange filing Friday.The combined list price is about $12.4 billion, including $6.09 billion for the A350-900s and $6.35 billion for the A320neos.Air China expects to fund the purchases through internal cash, bank loans, and other financing.The A350-900 aircraft are scheduled for delivery between 2030 and 2032, while Shenzhen Airlines expects to receive the A320neo aircraft in stages from 2029 to 2032.

HKG:0753SHA:601111
Major Chinese Airlines Expect Wider First-Half Losses Amid Surging Fuel Costs
US Markets

Major Chinese Airlines Expect Wider First-Half Losses Amid Surging Fuel Costs

Major Chinese airlines expect their first-half losses to widen as elevated fuel costs brought by the Middle East conflict continue to squeeze operating profit margins.In separate profit warnings issued to the Hong Kong bourse on Tuesday, Air China (HKG:0753, SHA:601111), China Eastern Airlines (HKG:0670, SHA:600115), and China Southern Airlines (HKG:1055, SHA:600029) disclosed preliminary loss estimates for the six months ended June 30.Air China predicts its attributable net loss will widen to between 2.1 billion yuan and 2.6 billion yuan, up from 1.81 billion yuan a year earlier.China Eastern Airlines anticipates its loss to widen to between 1.8 billion yuan and 2.4 billion yuan, compared with 1.43 billion yuan in the prior-year period.China Southern Airlines expects a net loss of 3.47 billion yuan to 3.97 billion yuan, more than doubling its 1.53 billion yuan loss from a year ago.The carriers attributed the downbeat projections to sudden external shocks and high aviation fuel prices, affecting the companies' profitability and causing passengers to shoulder added costs.The struggles in China align with a broader global industry downturn. The International Air Transport Association (IATA) recently halved its 2026 profit outlook for global airlines. Carriers are now projected to earn a combined net profit of $23 billion for the year, down from an earlier $41 billion estimate and roughly half of the $45 billion recorded in 2025."War-related disruptions in the Middle East and rising fuel costs have shifted the outlook for airlines to the worse," Willie Walsh, IATA's Director General, said."Profits will shrink from $45 billion in 2025 to $23 billion this year. And margins will shrink from 4.2% to 2.0%. All airline bottom lines are suffering from the rapid 70% rise in jet fuel prices."Airlines in the Asia-Pacific region, which rely heavily on crude imports, expect their collective net profits to drop to $6.6 billion this year, down from $9.8 billion in 2025.

HKG:0670HKG:0753HKG:1055SHA:600029SHA:600115SHA:601111
Asia

Air China Forecasts Wider Loss in H1

Air China (HKG:0753, SHA:601111) expects an attributable net loss of 2.1 billion yuan to 2.6 billion yuan for the six months ended June 30, widening from a net loss of 1.81 billion yuan a year earlier, according to a Tuesday Hong Kong bourse filing.The airline attributed the expected loss to elevated jet fuel prices driven by geopolitical tensions in the Middle East, which squeezed airline profit margins despite higher capacity deployment, revenue growth and a profitable first quarter.

HKG:0753SHA:601111
Asia

Air China's Passenger Capacity Falls 6% in June

Air China's (SHA:601111, HKG:0753) available seat kilometers, which measure passenger capacity, fell 6.1% year over year in June, according to a Hong Kong bourse filing on Tuesday.Revenue passenger kilometers, an indicator of passenger traffic, declined 2.9% from a year earlier during the month.Cargo capacity, measured by available freight tonne-kilometers, decreased by 6.3% year over year.Cargo and mail traffic, measured by revenue freight tonne-kilometers, fell 1.6% from a year earlier.The airline added one A320-family aircraft and one B737 aircraft in June while retiring one A320, bringing its fleet to 972 aircraft at the end of the month.

HKG:0753SHA:601111
Asia

Chinese Airlines to Cut Fuel Surcharges on Domestic Routes

China's major airlines will reduce fuel surcharges for domestic routes on tickets sold from Sunday, according to notices byAir China (HKG:0753, SHA:601111), China Eastern Airlines (HKG:0670, SHA:600115), and China Southern Airlines (HKG:1055, SHA:600029) issued over the weekend.Passengers will be charged 50 yuan per flight segment for routes of up to 800 kilometers, and 100 yuan for longer routes, the airlines said.Infants will stay exempt, while children, disabled military and police personnel will pay half the surcharge.

HKG:0670HKG:0753HKG:1055SHA:600029SHA:600115SHA:601111
Asia

Singapore Airlines, Air China Sign MoU to Deepen Partnership

Singapore Airlines (SGX:C6L) and Air China (HKG:0753, SHA:601111) have signed a memorandum of understanding to establish a commercial joint venture, with a view to expanding their codeshare network beyond existing routes, according to a joint release on Monday.Under the partnership, the two companies will explore joint fare products, marketing and revenue-sharing arrangements.Through their pre-existing Star Alliance partnership, members will be able to earn and redeem miles flexibly across both airlines.The two parties will also exchange best practices in ground handling, catering and in-flight services.

HKG:0753SGX:C6LSHA:601111
Asia

Air China's Passenger Capacity Falls in May

Air China's (SHA:601111, HKG:0753) available seat kilometers, which measure passenger capacity, fell 6.4% year on year in May, according to a Hong Kong bourse filing on Monday.Revenue passenger kilometers, an indicator for combined passenger traffic, decreased 2.7% from a year earlier during the month.Cargo capacity, measured through available freight tonne kilometers, declined 5.4% from a year earlier.Cargo and mail traffic, measured through revenue freight tonne kilometers, increased 1.6% from a year earlier.The airline added six A320 aircraft and one B737 plane in May while retiring one A320, bringing its fleet size to 971 aircraft at month-end.

HKG:0753SHA:601111
Asia

Air China Signs Agreement for Second Shenzhen Airlines Capital Increase; Shares Up 10%

Air China (HKG:0753, SHA:601111) signed an agreement to proceed with the second tranche of a capital increase in Shenzhen Airlines, according to a Friday Hong Kong bourse filing.Under the agreement, Air China and Kunhang Investment will inject a combined 11.9 billion yuan into Shenzhen Airlines.Air China's contribution totals 6.1 billion yuan and will be made through five Airbus A350 aircraft and cash, while Kunhang Investment will contribute 5.8 billion yuan in cash.The transaction is part of Shenzhen Airlines' previously announced 16 billion yuan equity financing plan.Upon completion, Air China will retain its 51% stake in Shenzhen Airlines, which will remain a subsidiary of the carrier.Hong Kong-listed shares of the airline were up over 10% in Monday morning trade.

HKG:0753SHA:601111
Asia

Air China Completes 20 Billion Yuan A Share Sale

Air China (HKG:0753, SHA:601111) completed the sale of around 20 billion yuan worth of A shares, according to a Tuesday filing with the Hong Kong bourse.The firm sold around 3.04 billion shares to state-owned China National Aviation Holding at 6.57 yuan each to raise funds to expand its business.

HKG:0753SHA:601111
Asia

Air China Approves Second Capital Injection for Shenzhen Airlines; Shares Down 4%

Air China (HKG:0753, SHA:601111) agreed to contribute 6.1 billion yuan in the second tranche of a capital increase for its subsidiary, Shenzhen Airlines, according to a Hong Kong filing on Saturday.Shenzhen Airlines plans to raise a total of 16 billion yuan, with the second tranche amounting to 11.9 billion yuan.Meanwhile, Shenzhen Kunhang Investment Partnership (Limited Partnership) will contribute 5.84 billion yuan to Shenzhen Airlines.Air China's contribution will consist of five Airbus A350 aircraft and cash.Following the capital increase, Air China will remain the controlling shareholder of Shenzhen Airlines with a 51% stake.Air China's Shanghai-listed shares fell 4%, while its Hong Kong shares dropped 3% during recent trade.

HKG:0753SHA:601111
Asia

Market Chatter: China's Carriers to Cut Fuel Surcharges

Chinese airlines, including Air China (SHA:601111, HKG:0753), said fuel surcharges on mainland routes will be reduced for tickets sold from June 5, state-owned media reported Tuesday.The surcharge will decline by 10 yuan to 80 yuan per segment for routes of 800 kilometers or less, and by 20 yuan to 150 yuan for longer routes, according to the report.Infants will remain exempt, while children, disabled servicemen and disabled police officers will receive a 50% discount, Xinhua wrote.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Shanghai Composite^SZSEHKG:0753SHA:601111
Asia

Air China Raises 20 Billion Yuan via Private Placement to Parent; Hong Kong Shares Slide 3%

Air China (HKG:0753, SHA:601111) completed a mainland-listed share issuance that raised net proceeds of about 20 billion yuan, according to a Wednesday Hong Kong bourse filing.Hong Kong-listed shares of the firm were down nearly 3% in Thursday afternoon trade.The airline issued 3.04 billion shares at 6.57 yuan apiece to its controlling shareholder, China National Aviation, and its unit, China National Aviation Capital.The proceeds will be used for debt repayment and replenishing working capital, the company said.

HKG:0753SHA:601111
Asia

Air China's Passenger Capacity Edges Up in April

Air China's (SHA:601111, HKG:0753) available seat kilometers, which measure passenger capacity, rose 0.5% year on year in April, according to a Hong Kong bourse filing on May 15.The airline's Hong Kong-listed shares were down nearly 4% in late-morning trade on Monday.Revenue passenger kilometers, an indicator for combined passenger traffic, increased 5.8% from a year earlier during the month.Cargo capacity, measured through available freight tonne kilometers, declined 3.6% from a year earlier.Cargo and mail traffic, measured through revenue freight tonne kilometers, increased 4.2% from a year earlier.The airline added six aircraft and retired one A320 aircraft in April, bringing its fleet size to 965 aircraft at month-end.

HKG:0753SHA:601111
US Markets

Air China Returns to Profitability in Q1 Amid Energy Shocks; Hong Kong Shares Slide 3%

Air China (HKG:0753) returned to profitability in the first quarter, which could indicate resilience in the industry despite global energy shocks.Attributable net profit at China's flag carrier reached 1.71 billion yuan, compared with a loss of 2.04 billion yuan the previous year, according to a Thursday disclosure to the Hong Kong Exchange.Earnings per share stood at 0.10 yuan, versus a loss per share of 0.12 yuan.The rebound in earnings indicates a resilience in China's aviation sector, especially as it recovers from fuel shocks, Bloomberg reported separately on Thursday.The growth is also in line with expectations from Bank of America Securities.Two other major airlines, China Southern Airlines (HKG:1055, SHA:600029) and China Eastern Airlines (HKG:0670, SHA:600115) also recovered from losses in the first quarter compared with the year-ago period.Air China's turnaround could also mean alignment with other big Asian carriers such as Singapore Airlines (SGX:C6L) and Cathay Pacific (HKG:0293), the report said.However, Air China and its government-controlled peers could be "adversely positioned" due to a more price-sensitive travel cohort in China, as well as high fuel costs which they struggle to pass on to passengers, Reuters quoted HSBC (HKG:0005) as saying.The airline's revenue rose 11% year over year to 44.5 billion yuan from 40.0 billion yuan.Passenger capacity jumped 7.6% to 95.2 available seat kilometers during the quarter. The rise could be attributable to demand during the Lunar New Year, Reuters reported separately.Passenger throughput grew 10% to 42.1 million during the quarter, with domestic passenger count growing 10% to 35.8 million, international passenger count rising 12% to 4.9 million, and regional passenger count increasing 18% to 1.3 million.Cargo and mail throughput during the quarter grew 4.3% to 362,995.4 tonnes, while cargo capacity jumped 3.6% to 3.48 billion available freight tonne kilometers.Chinese international airline capacity could rise 13% year over year during the summer, equivalent to 91% of 2019 levels, Reuters said, citing Bank of America.Shares fell 3% in Hong Kong during Thursday afternoon trading.

HKG:0005HKG:0293HKG:0670HKG:0753HKG:1055SGX:C6LSHA:600029SHA:600115SHA:601111
Asia

Air China Returns to Profit in Q1, Revenue Rises 11%

Air China (SHA:601111, HKG:0753) posted first-quarter attributable net profit of 1.71 billion yuan, compared with a loss of 2.04 billion yuan the previous year.Earnings per share stood at 0.10 yuan, versus loss per share of 0.12 yuan, according to a Thursday filing on the Hong Kong bourse.The airline's revenue rose 11% year over year to 44.5 billion yuan from 40.0 billion yuan.

HKG:0753SHA:601111
Asia

Air China's Passenger Capacity Rises 11% in March

Air China's (SHA:601111, HKG:0753) available seat kilometers, which measures passenger capacity, rose 11% year on year to 31.8 million in March, according to a Hong Kong bourse filing on Wednesday.The airline company's Hong Kong shares rose 2% during Thursday's morning trade.Revenue passenger kilometers, an indicator for combined passenger traffic, jumped 20% from a year earlier to 27.5 billion during the same month.Cargo capacity, measured through available freight tonne kilometers, climbed 4.1% to 1.13 billion.

HKG:0753SHA:601111

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