Air China flu causes 18,000 people to refund in May

Every reporter from Beijing Air China said that if the oil price down the implementation of the contract price, if the uplink may not be carried out, both of the current situation may occur, but last year the risk of the downside of oil prices have been released to some extent.　　Yesterday morning, Air China (601111, close 6.88 yuan) in Beijing Chaoyang Xiaoyun Cloud Road Company Meeting held the 2008 annual shareholder meeting.　　The flu has a big impact on the company after the meeting with shareholders, the participants told reporters, Air China said in the meeting, the swine flu has a greater impact on the company, which has greater impact on international flights than domestic flights. "The impact of the H1N1 on international routes, especially in North America and Europe, has also led to a 31% per cent drop in our international airline revenues over the same period last year." Air China disclosed that the company has booked the entire May ticket and the number of refunds is 18000 people, June up to now is 7900 people, July is about 3200 people.　　According to the booking volume that is, attendance, compared to the usual year down 20%. Air China admits that the impact of the swine flu pandemic on airlines around the world is largely different, not only the Air China family is affected. Air China, in response to this situation, has also adopted a number of measures, this year cut the international market 10.67% investment, increased the domestic market 21% investment.　　And the domestic market in mainland China to Taiwan Airlines and domestic main lines, the profit has been a certain degree to make up and increase.　　Oil price downside risks released Air China's crude oil hedging deal in 2008 has been the focus of the market, oil prices are far below the level at that time, but the level of volatility is large, so Air China to take some countermeasures, it is quite interesting. Yesterday, an Air China spokesman said at the meeting, the recent rise in crude oil prices relatively fast, some media said May rose more than 30%, but in fact, not so much.　　Air China made its budget earlier this year because it wanted to predict oil prices for the year, it seemed like a difficult thing to do at the time, so it was a "more conservative preparation than the market at the time," and at the moment it seemed that the cost budget was a bit higher, so there was still room for the target to complete the annual cost. International oil prices reached a lower level earlier this year, with Air China saying that airlines around the world could not believe that prices would be the average price for 2009, and that the company was very cautious in judging oil prices, December 30 last year, the oil price is 44.6 dollars a barrel, when the company's first quarterly announcement back to the price is more than 50 U.S. dollars a barrel, according to fair value back to dial more than 1 billion yuan.　　Now that the price of oil is more than 70 dollars a barrel, the company fully considered this situation, so in the first quarter to make relatively conservative preparations. Summer with the arrival of oil peak, Air China will be used in the downstream fuel-saving methods, such as energy conservation and emission reduction measures.　　In addition, the company is also prepared to do a good job in the operation and market forecast of aviation oil cover, including tracking the remaining positions last year, and processing according to the unified forecast. In fact, high oil prices cover the protectionThe high cost has been the concern of the market for Air China's operating data.　　Air China says that if the price of oil is down, the contract price is enforced, and if prices are not carried out at the same time, both are likely to happen in 2009 years, but the risk of the downside of oil prices has been somewhat released last year. In addition, for the European and American large airlines to open domestic flight competition, Air China said from the capital airport data, the international flight shifts and other general response. and international Big line this January ~ May in the Asian market capacity also showed a trend of reduction, the capital Airport January ~ May passenger traffic dropped 42%, capacity fell 30%. The international line of capacity has been reduced faster than in the Chinese market.