No money spent on food or logo design
From yesterday's
Financial Times:
Air China on Wednesday said profits soared in the first half due to the strengthening Chinese currency, investment gains and a booming travel market.
The carrier said its net profit increased more than 2000 per cent to at least RMB 900m ($119m) for the first six months, up from the RMB 45m it reported under Chinese accounting standards in the first half of 2006...
...Air China’s Hong Kong-listed shares shot up 17.6 per cent on Wednesday to HK$7.20 at the news...
...“The most significant reason for our profitability from an operational point of view is the huge demand for domestic and international air travel in China,” said Rao Xinyu, Air China’s general manager of investor relations...
Perhaps another significant reason is that Air China does not spend any money on edible food, enjoyable inflight entertainment, or computer systems that make their planes depart on time.
Links and Sources
Read the complete post at http://feeds.feedburner.com/~r/DanweiRss10/~3/137451265/air_china_profts_rise_2000.php
Posted
Jul 25 2007, 09:47 PM
by
Danwei - Media, Advertising, and Urban Life in China