MORGAN STANLEY LIFTS AIR CHINA'S EARNINGS FORECAST
AsiaInfo Services, September, 2005
AsiaInfo Services 09-14-2005 Morgan Stanley Lifts Air China's Earnings Forecast CHINA, Sep 14, 2005 (SinoCast via COMTEX) -- On September 9, Morgan Stanley lifted Air China's earnings forecast for 2005-2007 by 50%, 35% and 18% respectively in an announcement. According to Air China's interim report 2005, its operating revenues jumped 14.7% year-on-year to CNY 16.939 billion while its net profits fell 25% to CNY 591 million, principally due to oil price rise.
The net profits missed its expectation of about CNY 600 million. The carrier's operating costs increased by CNY 2.559 billion from the same period of last year. The oil costs hit as much as CNY 5.062 billion alone, up 40% from a year ago. Insiders say Air China are striving to reduce the operating...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Getting the global view: Nestle, led by Peter Brabeck-Letmathe, climbs to the #1 spot in this year's Best Companies for Leaders
