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9 stories mentioning SHA:601111

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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